Patientory (PTOYBTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Patientory began a wave one advance on September 4. The wave one finished on September 6, and the wave two correction ended on September 11. The wave three advance finished on September 14, and the wave four correction ended on September 21. If this wave count is correct, Patientory should be heading next towards the September 14 peak in the wave five.
(Chart courtesy of Tradingview.com)
Looking at the daily chart, I believe Patientory is currently in the red wave three (blue sub-wave iii).
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Patientory will takeout the September 14 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Patientory will drop below the September 4 low".
If you think Patientory is in a range, upvote this post and upvote the comment "Patientory will stay in a trading range between the September 4 low and the September 14 peak until October 29".
You can upvote the comment until 3 PM EST September 29 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
