SUMMARY
Bitshares (BTS) is correcting and I present two pathways. The first is a classic a,b,c correction which would retrace to the prior wave 4 zone. The below chart shows the wave c as sublabeled into its five waves. As I've always said, the best time to buy is at the end of an a,b,c correction. Thus, subdividing the terminal c wave allows precision casting of buy ladders.
The below shows my alternate on how this correction coudl unfold. Don't forget that cryptos always love triangles. So when in doubt as to which pattern might be likely....think triangle. I've labeled the a,b,c,d,e subwaves.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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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.**