BitCrystals has broken the trend line drawn from the October 26 peak.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe BitCrystals has completed one cycle from the June 21 low. The five wave advance finished on the September 12, and the three wave correction ended on the November 1. If this wave count is correct BitCrystals should be heading next towards the September 12 peak.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, BitCrystals is currently most likely in the wave three (sub-wave iii). The wave one started in the September 2015, and finished in the March 2016. The wave two correction ended on the June 21.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long BitCrystals.
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