SUMMARY
Bitshares (BTS) has had a phenomenal run to as high as $0.206. For me, that's 357%!!! But, you ain't seen nothin yet!
Below chart shows how BTS put in five impulse waves on the left and did a massive correction as a,b,c waves. Given how extended the fifth wave was, this level of correction was not surprising...actually expected! Thus it was a foreseeable event!
Now, price is comleting the Cup & Handle pattern...extremely BULLISH! I had forward discerned this pattern weeks ago! So, the handle formation is almost done. I've also positioned the resulting next round of impulse waves and we could see ALL TIME NEW HIGHS!!! Target is $0.55....!!!
BTS/BTC target remains unchanged. However, check out the blue Cup & Handle projection. The handle formation could coincide with the wave 2 minor correction! As BTS/BTC is lagging the BTS/USD pair, fireworks are about to go off on this pair!
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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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.**