Bitshares Technical Analysis: Call me crazy but...15% more already reached in 1 day!!!
Today is the day of the Correcting forecasts!
Specially regarding my favorites cryptos, EOS and BITSHARES...
I've already posted a new short time target for EOS, correcting my first look conservative target from 1.5USD to a minimum of 2 USD in short!! and now is the time to review my forecast for my beloved BITSHARES.
What I said yesterday, see this post , was a short time prediction for BITSHARES of 0.12USD, so doubling its yesterday price.
What I see now in the 4-hours chart is a very powerful long third-impulsive wave, not finished and very smooth trend, I mean, a little less vertical than lately :
So, If my EW-counts are right, this third-wave should reach resistance at 0.087USD. Once reached, a 4th wave correction which hopefully will not be so deep as the precedent and then a last impulsive 5th-wave reaching 0.10USD.
But the analysis is not finished yet, if we watch a longer scale chart, i.e. 1-day chart, this 5th-wave in grey will become the completion of a third-wave ((iii) in dark blue) that will bring us still up! Possibly easy till 0.14 USD
Even more, and this is still more a hope than a fact, if everything goes as I said... What about the following pattern by mid-December?

BITSHARES FANS, looks the CUP and HANDLE pattern is coming!!!
@toofasteddie (a BTS and EOS dreamer and believer:-) )
*This is just my personal point of view, please, do your own assessment and act consequently.
BTS a trully decentralized spot will prevail!
great article @toofasteddie i am also mining some bts on eobot :)
Check your eobot account because they de-listed :-( . Hope you din'y lost so much...
Cheers.
Your post is very interesting.
I've resteemed your post!
:-)
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