RE: Bitshares (BTS) Update: Ascending Right Triangle Pattern Spotted!! $0.90 Short Term Price Target

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Bitshares (BTS) Update: Ascending Right Triangle Pattern Spotted!! $0.90 Short Term Price Target

in busy •  7 years ago 

Lower triangle line has been breached. The secondary count is much more likely now. We should see lower lows in the neighberhood of 0,25.

busy
7 years ago by

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      ·  7 years ago 

    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?

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        ·  7 years ago 

      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      Also, theese are no longer valid.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.
      Výstřižek.PNG
      This is only my opinion, make of it what you wish.

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