SUMMARY
NOTE: If this blog gets downvoted; 
BitShares (BTS) pattern is morphing from a symmetrical triangle to an ascending right triangle. The Elliott Wave labels remain the same and I've adjusted the position of the lines.
If you view the below daily MACD; BTS is a bit overbought. This means that buyers are dwindling and once might want to raise cash to redeploy to buy a dip. Remember, corrections are healthy and BTS is due a healthy one. I'd l ike to see BTS MACD dip lower and have that correction before going to higher highs.
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?
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
