SUMMARY
Bitcoin Gold (BTG) was requested for an update. Whenever price moves sideways, as you can see in the below chart, complex Elliott Wave correction is most likely. As price moves sideways, it eats time and that is quite amenable for the Altcoins which process corrections very, very slowly. I've labeled a triple combination wxyxz and its subwaves. Per the count, there is a lower low expected to complete wave 5 of c of Z at around $118 or so.
More can be learned about Combination Structures.
Legal Disclaimer: 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.
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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