SUMMARY
Bitshares (BTS) is in the midst of consolidation within the boundaries of a symmetrical triangle. The below chart shows how now the waves a,b,c,d are complete and that leaves wave 3 to finish. HOWEVER, you need to understand that not EVERY triangle always has a,b,c,d,e waves. It's most common to do so (about 60% of the time) but there are about 40% of instances where the triangle busts out just after a,b,c,d! So, let's see what happens. Me? I;m targeting to adder in a bit more IF wave e decline happens.
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?
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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.**