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BitShares (BTS) pattern is morphing from a symmetrical triangle to an ascending right triangle. The Elliott Wave labels remain the same and I've adjusted the position of the lines.
If you view the below daily MACD; BTS is a bit overbought. This means that buyers are dwindling and once might want to raise cash to redeploy to buy a dip. Remember, corrections are healthy and BTS is due a healthy one. I'd l ike to see BTS MACD dip lower and have that correction before going to higher highs.
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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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.**