SUMMARY
Two days ago, I had said to BTFD the Upcoming Correction. Has my stance changed? No. Why?
First, the below chart shows a correction to be very healthy! If we are now enaged in the long awaited wave 4, and as the day comes after night, wave 5 up is next.
Again, the Bullish Speciation of Altcoins in the three primary Chart/Elliott Wave patterns as shown below, is expected to support higher highs. Bitcoin crashing with such Altcoin Bullish stage is unlikely.
I present the Cup & Handle Species:
I now present the Jaws of WEALTH species:
And the Bullish Symmetrical Triangle Species:
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**