Updated
Bitshares (BTS) Breakout
INTERPRETATION
$BINANCE:BTSBTC Elliott wave 3 bullish run possible.
BUY SIGNALS
-T&K bull cross
- Price-T&K bull cross
- Price-Cloud bull entry & breakout
CAUTIONS/CONFIRMATIONS
- Wave 3, 4, 5 target extrapolation incomplete
POSITION
Entry @ 4000
$BINANCE:BTSBTC Elliott wave 3 bullish run possible.
BUY SIGNALS
-T&K bull cross
- Price-T&K bull cross
- Price-Cloud bull entry & breakout
CAUTIONS/CONFIRMATIONS
- Wave 3, 4, 5 target extrapolation incomplete
POSITION
Entry @ 4000
Trade active
INTERPRETATIONPrediction of target Wave 3 extension using Wave 1 fib extrapolation. Wave 4 retracement prediction using Wave 3 fib extrapolation. Consider Wave 4 re-entry @ 4830. Re-entry at Wave 4 can be confirmed w/Wave 5 prediction.
POSITION
Entry @ 4000 (Target @ 5620)
Note
INTERPRETATIONAn alternative perspective can be considered in which the current position of the course is currently within the Corrective phase (or even completed Corrective phase). Until more data is shown, it may be difficult to establish the precise position & wave. Optimistic investors will stick w/the initial assessment while more conservative investors should walk away w/current profits/cut potential losses.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.