Community post
BTS Summary since new year
Hello guys!
I wanna discuss with you the next moves from our beloved Bitshares.
I think we are currently in Wave 1 of Wave 3!
Why i think that?
Lets take a look at my point of view of the Correction from 3rd to 5th January
Now the past days!
If BTS goes down below 0.70$ i actually have no plan whats going on.
I opened this for learning purposes
Please share me your opinion on the topic!
As always big thanks to @Haejin for everything
Regards
Replies (10)
I think i found the reason ;)
Maybe in this case the BTC Chart is more accurate?
Or like that.. hmm
Biggest mistake people make when learning Elliot Wave is to try and do the counts on low time frames. Always start on the daily time frame and use the lower time frames to confirm your count.
Her is the BTS chart on the daily time frame.
[url=https://imgur.com/cOZaLjQ][img]http://i.imgur.com/cOZaLjQ.png[/img][/url]
Still need to finish waves D and E to complete the correction
Thats how i counted them, BTS finished E wave now and broke out of triangle. I think we are looking up from here again!
Unfortunately i cant post my TA here cos the flar war between Haejin and others destroyed my reputation :-(
Thanks for your opinion.
Usually i use 4h Chart for greater waves.
I have tried to do it on 1D Chart
Am i right if I say you can only locate major corrections on the 1D-Chart?
Because in the beginning of this correction it looked like it was just a small correction
Do you have experience at short time trading using elliot waves?
great evening
i looked at the chart from januari first until just now. I see a big triangle and ABCD and E finished! BTS/BTC Poloniex.
It actually didnt break out!
BTS is about 5000 Sats, down breakout would be around 4000 Sats
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