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RE: Bitshares (BTS) Update: Ascending Right Triangle Pattern Spotted!! $0.90 Short Term Price Target
Hi Tim, what do you make of that candlestick at (D), shooting star? is this further confirmation of bearishness and so another low? how did you get .25 as a target? correlated with BTC price action?
Honestly, I'm not too much experienced with either charting, nor elliott waves.
Also, theese are no longer valid. There seems to be an ascending triangle pattern going on. But then again, I really am not sure if the lines can be breached while testing the resistance.
This is only my opinion, make of it what you wish.