SUMMARY
Bitshares is undergoing a well deserved and a healthy correction. There are 36 possible corrective combination patterns and I share my two primary scenarios.
After the five white waves, the subwaves of blue wave 1, the a,b,c requisite correction could be complete and we start impulsing higher. The current correction would be the blue wave 2.
Since cryptos just love triangles, we could see an a,b,c,d,e triangle. So, this pattern could be worked on throughout the day before a new impulse takes it up!
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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Legal Mumbo Jumbo: 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.**