Bitshares (BTS): Lower Low was Marked; Is a Breakout Next?
SUMMARY
Last Bitshares (BTS) update had called for a lower low as per below chart that was used:
As the lower low had completed and price has is rising, we need to now get a full impulse set of waves that would ideally take the price above the top white line of the wedge pattern. Should a decisive breakout take place, the onset of a sizable rally would be due.
Should price be repelled by the upper wedge line, the abcde wave action would be likely and so a lower low of $0.13 or so would be targeted. However, this is the alternate count and not the primary. Much depends on how price behaves at the point of the upper wedge line.
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Would be nice to see Bitshares turn around from here.
Thanks for the update @haejin, let’s hope it busts through that white line!
Another great update thanks for sharing
Faith is not belief without proof, but trust without reservation. I have faith in Bts.
I'm happy either way. If it is repelled I can sell some and pick up twice as many, or the sooner it shoots up through the wedge the sooner we get back to ATH's
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Buying as much BTS on this bottom as possible. $340 target in 3 years:)
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