SUMMARY
Bitshares (BTS) has been crescendoing its rise from $0.045 to current $0.099 level and thus has gifted 120% in profits! The below outlines one probable scenario of price pathway. However, this is not my primary, it's an alternate.
The below shows my primary price pathway and why I had earlier indicated the $0.11 and $0.21 targets. It also fits quite well to the Elliott Waves as shown. The longer term target remains at $0.421 and then higher highs, post that.
Below is the BTS/BTC pair. Look how EXTENDED the fifth wave was. I explain in detail in the video how this type of extensions are related to standard deviation levels, please view the video.
The chart below shows a price pathway as labeled with Elliott Waves. I also divulge my secret sauce on how my wave placements are made and it has uncanny similarity to my laddering technique. This is the epiphany I had through years of pain and failures lessons....I give it all to Steemit to benefit without expecting anything in return! More details in the video, please consider viewing it in whole.
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
Follow me on Twitter for Real Time Alerts!!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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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.**