Bitshares Technical Analysis: Are you able to see the HANDLE formation?

Hello everybody!

I decided to write this post about the CUP and HANDLE formation of BITSHARES since I got some questions regarding the HANDLE formation (ie @patrickzhou ).

The HANDLE is taking a reasonable time and so, I don't recommend you sell on panic now :-)...

Have a look at the following 1d-Chart and tell me, What can you see?

Seems that BITSHARES is perfectly attached to the plan, isn't it?

• Let's have a look at the theoretical ''HANDLE'', zoom-in at the 4h-chart:

OH shit! is falling!!!, yes, it is, it is following the plan, to draw the handle, of course...

• Now, let's apply a Basic Elliot-waves (ABC) correction:

Well, seems that also is following the plan but, is the correction finished? I don't think so...but it is very close.

• The ABC correction can be composed by the following sub-waves:

So, a 5-3-5 correction...

• Ok, fine, but, tell me when will be the best moment to buy?

My answer is ANYTIME!!! of course but, if my Elliot-waves counts are correct, as soon as BITSHARES touches the bottom (wave (V) in dark Blue), the 1st wave of a BULLISH Cycle will start, as follow:

The ''conservative'' target is 0.32 USD in relatively short time for this first 5-impulsive waves, so 150% more than today's price. This target is traced by extrapolating the depth of the CUP to the top of the HANDLE.

@toofasteddie (proud to be a STEEM, GRIDCOIN, BTS and EOS dreamer and believer:-) )

*This is just my personal point of view, please, do your own assessment and act consequently.