SUMMARY
Bitshares (BTS) is well into the abc correction. Waves A,B are complete as shown in below chart and red wave C is near complete. Overall, the ABC is a zigzag as shown by the five subwaves of wave red A. Shouldn't wave C be the longest in a zig zag? Yes, however, cryptos have conditions where the length of wave A, when longest, Wave C will be the shorter.
IF wave C is the shorter; it still must display five subwaves. The below chart shows the white subwaves where 1,2,3,4 are complete and wave 5 is in progress. Is there an overlap between wave 4 and 1? Not that I can see. IF there was, simply moving wave 1 up would resolve it. As it is, white wave 5 down shows $0.20 or so to be a likely wave C target. Would a buy ladder casting be called for? Well, if the best time to buy is at the terminal end of an abc correction, then it's pretty close for BTS!
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.
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