SUMMARY
I am UBER, UBER BULLISH on Bitshares (BTS)! Having bought at sub $.05 and laddering in since then via dollar cost averaging...MASSIVE profit potentials are the reasons why! I've said this before: 100k to 2.5 Mill coins of BTS could have your future generations bless your name for such MASSIVE wealth inheritances! In the years to come, my LONG TERM projection is $342 for BTS. BOOYAH!
The below chart shows how BTS broke out and above the upper line of the a,b,c,d,e symmetrical triangle and has bounced off it as support. What is very clear is that an impulse set of waves has been put in as shown by the white i,ii,iii,iv,v.
Elliott Waves states that after five waves, a requisite retracement in three waves takes place. The below chart shows that a,b,c correction could be complete and at worst, one more, smaller but lower dip could be needed; but not required. I've added the forward discerning Elliott Waves to show the next price steps. It would be ideal for BTS to attain above $0.10 price level and sustain it. Short Term target is $0.113 or so.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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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
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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.**