SUMMARY
Last Bitshares (BTS) update had called for a lower low as per below chart that was used:
As the lower low had completed and price has is rising, we need to now get a full impulse set of waves that would ideally take the price above the top white line of the wedge pattern. Should a decisive breakout take place, the onset of a sizable rally would be due.
Should price be repelled by the upper wedge line, the abcde wave action would be likely and so a lower low of $0.13 or so would be targeted. However, this is the alternate count and not the primary. Much depends on how price behaves at the point of the upper wedge line.
Legal Disclaimer: 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.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
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