BTS/USD
BitShares / US Dollar (calculated by TradingView) POLONIEX:BTSUSD
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
Chart update from the 4h to daily. We’ve gone below the accumulation zone and have been accumulating for the past few months. Wave 1 top of the micro cycle and wave 2 bottom has been found.
sub cycle wave 1 top: 0.17
sub cycle wave 2 bot: 0.017
Wave 1 top: $1.00
Wave 2 bot: 0.010
Wave 3 top: 1.25
We have been working towards impulse wave 3, I can’t predict time so who knows how long it will take. The sub cycles of wave 3 impulses are being played out with top 1 and bot 2 in.
