SUMMARY
Below is a short term chart close up of Bitshares (BTS) to give better view as to what's going on with the correction. The left side five blue waves are complete and so the requisite a,b,c correction is in progress. The correction is in the form of a symmetrical triangle as shown, a,b,c,d,e. Once complete, a renewed impulse should take price to a short term target of $0.27
The BTS/BTC pair is also correcting in an a,b,c fasion. The correction wave seems complete. So, that means white wave 3 is next and so higher highs are expected.
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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