SUMMARY
Bitshares (BTS) is not a dead coin and it's not going away nor to be debunked technically or fundamentally. Time is almost always extended in the Altcoin corrections, and this time around probably won't be an exception. Please review past posts on that detail the Hurry Up & Wait theory. The below chart has the current correction labeled as a complex correction (blue wxyxz). Price is expected to breakout from the triangle but would likely lead to additional sideways action.
The blue line indicates a projected price pathway for Bitshares (BTS). Most accumulations occur during the "basin" phases. This pathway also fractals pretty well with the priro rise and correction. What was that? You don't want to wait until end of May for the correction to finish? That has to be a self made decision.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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
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Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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