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RE: BitShares (BTS) Revised Target to $1.83
Great analysis master :)
I just posted my take on BTS here:
https://steemit.com/bitcoin/@benkalashnikov/bitshares-bts-analysis-224-potential-profit
Great analysis master :)
I just posted my take on BTS here:
https://steemit.com/bitcoin/@benkalashnikov/bitshares-bts-analysis-224-potential-profit
Remember, wave III cannot be the shortest wave(;
Thank you for the feedback, that is 100% true, however, I could count it differently and still make the same target. Like this:
I really don't feel like this is correct. You have 1 overlaping with 4 which is not correct. Also, we would have to be within vawe 5 of a higher degree, in order to have such a massive dip as your A vawe suggests.
It's a little difficult to see but Wave 4 is slightly above. I wouldn't focus too much on my correction count at this point, but thanks for pointing it out!
the 5th waves looks alittle extended.
Yeah I know, my take is that given BTS history of having a huuuge extended 5th before, I think it could well happen again. Look here:
That's my view too: https://www.tradingview.com/chart/BTSBTC/P7gd9trf-Bitshares-starring-in-CUP-CEPTION-Target-16000-SATS/