SUMMARY
Bitshares (BTS) as had been projected a few days ago, had been putting on the final touches of the a,b,c,d,e triangle. As shown below, price has now SURGED and breached OUT and above the triangle! This is VERY BULLISH and so $0.32 is the next short term target.
Here is the BTS/BTC pair. The abc for white wave (2) seems complete. If so, the white wave (3 )is NEXT! So, how can I confirm that the red a,b,c are complete? The next chart shows the technique.
Count the subwaves! I know that in an a,b,c correction, the c wave always has five subwaves. So, observe the blue subwaves...I count FIVE exact, beautiful subwaves! So, it is very likely that the bottom is in for white wave (2)! I am now more confident that the a,b,c is done and the resulting impulse will bring us to $0.00001851 BTC or HIGHER!
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!!
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
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.**