SUMMARY
Bitshares (BTS) is one of my most favorite coins! I believe Decentralize Exchanges will become the golden standard NOT ONLY for cryptos but also for equities, commodities and treasuries! In this light, my long term target for BTS is $342 or higher. Yes, this could give a near $1 Tril market cap....so? If DEX is the new standard, such market cap could be too low!
On the short term, here is how the price is flicking around. I believe the blue wave 1 is nearly done or already complete. This could mean a very minor and healthy correctino towards $0.167 or so. Then off to the races for $0.345 which is where blue wave 3 resides. I've laid out the purple subwaves of blue wave 3. Price could go near vertical, so let's see. BTFD!
Here is the BTS/BTC pair. It's clearly laggin the BTS/USD pair. That's why I've been putting out the /USD pairs first as they are the leading price pathway indicator to the /BTC pairs. So, the blue Cup & Handle pattern projects my forward discernment for BTS/BTC.
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?
Follow me on Twitter for Real Time Alerts!!
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BTS Wallet - haejin1970
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
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.**