![Analysis_Logo Resize.png](https://cdn.steemitimages.com/DQmPGS4NFos8KZvW7KRjkYs21czufu92Vr9qooFwGNJm5vc/Analysis_Logo%20Resize.png)
### Due to many requests, I’m going to briefly analyze Bitshares. It’s actually looking similar to bitcoin's chart. They both are having complex corrections and both are reaching key support/demand zones. I believe Bitshares is completing wave C of a larger WXY pattern. It’s sitting on top of the $0.083-$0.073 support/Demand zone. It’s also near the bottom of the larger wedge it’s operating in. I wouldn’t be surprised to see price drop 1 more leg down to complete the larger ABC correction. If this happens, I believe a strong bounce is possible. 
![Screen Shot 2018-08-15 at 10.01.07 PM.png](https://cdn.steemitimages.com/DQmeKdBiFnNo6SAyaVcsCm562UaBbAkkC9yMhgv7rwmmv3S/Screen%20Shot%202018-08-15%20at%2010.01.07%20PM.png)
### The 4 hour RSI has developed a descending resistance line. If penetrated, that could signify a momentum shift towards the bulls.
![Screen Shot 2018-08-15 at 10.02.02 PM.png](https://cdn.steemitimages.com/DQmYdFdWD7AfinJH4MdyDFMvdGz1jndpMffxXPR7icWugof/Screen%20Shot%202018-08-15%20at%2010.02.02%20PM.png)
### In today’s video update, I discuss price movement, give you my bullish Elliot count, review key areas to watch and MUCH more. If you’re not watching my videos, you’re only getting a small part of the story. 
## Video Analysis:
https://youtu.be/flGC4sYOYWI
#### *If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or TIMM (https://mentormarket.io/profile/@workin2005?aff_id=Workin2005) in order to watch.*
### BIAS:
**Short Term: Neutral**
**Longterm: Bullish**

**I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!**
### *Workin*
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