SUMMARY
Note: Great News for BitShares Exchange! Jared Rice Sr. is developing some awesome & new UI that is scheduled to release in less than 60 days!!
Bitshares (BTS) is patterning out a Cup & Handle formation as shown below. The handle is still in progress and is moving as an ABC ZigZag (5,3,5) sequence. The full five subwaves (blue) of red A is placed and red B is also complete. The subwaves of red C have 3,4 and 5 remaining. The retrace will likely be 0.78 Fib zone before a turnup.
On a longer term scale, the fractals are still in play (white & blue boxes). The Cup & Handle of the white fractals has it so that the handle was short in time and price. No matter, since the MACD is still winding up to support the coming breakout.
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.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
