BTS to head up to HIGHER highs after this consolidation is over
Bitshares is consolidating after a great run up to ~90cents and consolidating to near terminal end of WAVE 2.
Based on its history and fractal past wave 3 tends to be and extended 3rd wave of a 3rd wave extension, which basically means its going to move up unlike other coins do during their 3rd wave up.
Normal fib ratios of 1.618 to 2.618 will be surpassed to extension height of nearly 3.618 x the height of wave 1.
During a wave 3 extension of 3rd wave extension here are some characteristics and clues to be looking for while its making its run up:
Extension characteristics:
-sometimes the subdivisions of an extended wave will be nearly the same amplitude and same time (unit) duration
-this will appear on the chart as a 9 wave series of movements vs the traditional 5 waves (since there are embedded subwaves to a lesser degree of trend within their greater whole)
**in stocks typically "extensions of extensions" occur most often within 3rd waves VS traditional commodities bull markets tend to see extensions of the 5th wave (also uncommon)
IN cryptos tho, extensions of the 5th wave are no stranger. So maybe we will see an extension of the 5th wave....which doesnt really matter as an extension of either wave 1,3,5 should yield 9 total waves.
mind you, time is not necessarily predictable and so this price climb could happen as soon as this weekend or move into next week or beyond
Based on its history and fractal past wave 3 tends to be and extended 3rd wave of a 3rd wave extension, which basically means its going to move up unlike other coins do during their 3rd wave up.
Normal fib ratios of 1.618 to 2.618 will be surpassed to extension height of nearly 3.618 x the height of wave 1.
During a wave 3 extension of 3rd wave extension here are some characteristics and clues to be looking for while its making its run up:
Extension characteristics:
-sometimes the subdivisions of an extended wave will be nearly the same amplitude and same time (unit) duration
-this will appear on the chart as a 9 wave series of movements vs the traditional 5 waves (since there are embedded subwaves to a lesser degree of trend within their greater whole)
**in stocks typically "extensions of extensions" occur most often within 3rd waves VS traditional commodities bull markets tend to see extensions of the 5th wave (also uncommon)
IN cryptos tho, extensions of the 5th wave are no stranger. So maybe we will see an extension of the 5th wave....which doesnt really matter as an extension of either wave 1,3,5 should yield 9 total waves.
mind you, time is not necessarily predictable and so this price climb could happen as soon as this weekend or move into next week or beyond