BitShares (Poloniex: BTSUSD) has broken out of the triangle pattern in the monthly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, BTS began a wave one advance in January 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2019. If this wave count is correct, BTS should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
BitShares is open-source business development and financial management platform. You can watch Dan Larimer's presentation below from five years ago.
(Sources: https://bitshares.org/)How Will BitShares Trade?
BitShares (Poloniex: BTSUSD) weekly chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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