SUMMARY
The fractal for Bitshares (BTS) is still in progress. I've updated the "You are Here" markers. The width of the blue fractal's rounded bottom formation is narrower than projected before and thus has been updated. MACD is still looking bullish and supportive of higher highs.
The below contains the Elliott Wave labels. IF the subwaves (blue) of white wave 1 are pretty much complete; though an incremental higher high is verly probable also; then white wave 2 should onset soon; if not already. This would mean a dip in both the price and MACD as shown. The white fractal didn't have a significant decline and so for now, the blue fractal is maintaining the an outlook for a similar outcome. Following this minor correction, price should really take off. There is a potential for the white wave 2 to deviate from the fractal and perhaps make a deeper than expected correction. We'll see how that progresses.
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