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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