BTS breakout or middle of larger ABC correction?

13 ม.ค. 2018

My initial thinking was that this correction on Bitshares was simply a bull flag (ABCDE) which would mean today we broke out of it. However, as I recount the waves (something I've just been learning to do in past few weeks so high probability I'm wrong in my count) this could be an ABC correction after the completion of wave 5. That means price could rise to around $0.70 (wave B) and then drop (12345) to around $0.45 area to complete wave C. I'm brand new at this and would appreciate your thoughts. A shout out to "just-joe"... I'm posting this for you! Thank you for helping me learn. By the way, for full transparency, I bought Bitshares at around $0.53 and am still holding it as I ride this emotional rollercoaster (and yes I know we aren't suppose to have emotion in trading but I'm not a robot... yet).

Cheers all, and happy trading.
p.s. this is clearly not investment advice... I'm just an beginner student of Elliot Wave and chart patterns. If you want to follow someone who knows what he is talking about, check out "just-joe".