SUMMARY
Bitshares (BTS) has one of the brightest futures, IMHO! As the video analysis shows, I often try and start with all old chart labels and markings removed, so a clean slate. This way, I often have ah ha moments of new counts or chart patterns.
The below chart is a relabel of BTS with its five wave impulse and subsequent a,b,c correction and the forward discernment of a cup & handle bullish pattern. The video takes you through the full details.
This time around, the ah ha moment was in discerning a Head & Shoulders bottom pattern. The Left Shouler and Right Shoulder are labeled with minimum price runs. If the Head & Shoulders does occur, we could see a dip into the $0.07s for a little while. A good time to buy the dip, if so.
Given that forward discerned cup & handle with Head & Shoulders point up in price, I've added short term target of $0.11 and mid term target of $0.21 as probable. The video has tons more details!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**