BitShares / Bitcoin
Updated

[First analysis, feedback encouraged] $BTS preparing to bounce

253
It looks like (on the 2h) BTS is preparing to begin wave 4 of an on going Elliott Wave formation, before presumably bouncing to complete the formation (that is, if it doesn't continue to break the pennant, which will signal a reversal)
Note
Tiny little final correction wave formed right at the end of the pennant (where the lower channel should have been placed), then promptly reversed as predicted.
Trade closed manually

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.