Bitshares (BTS) is in the midst of consolidation within the boundaries of a symmetrical triangle. The below chart shows how now the waves a,b,c,d are complete and that leaves wave 3 to finish. HOWEVER, you need to understand that not EVERY triangle always has a,b,c,d,e waves. It's most common to do so (about 60% of the time) but there are about 40% of instances where the triangle busts out just after a,b,c,d! So, let's see what happens. Me? I;m targeting to adder in a bit more IF wave e decline happens.
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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