Now that LTC took my previously alternate view to a break down below, we can count a confirmed top and try to calculate the likely bottom points. Corrections, particularly wave iv's are squirrelly beasts, so some of this can be folly. But I'll attempt it. The ideal a wave bottom is in the $20-21 region. Previously I called this as the bottom of the entire abc correction and that is still possible. But fresh calculations after the top being in, puts $16 as more ideal, and $12 as possible. Below $12 without recovery and I have to take a macro level change seriously. Note that the b wave bounce is not easily targeted and a direct breakout after the low $20's will be unexpectedly bullish.
A reference on how I trade: https://steemit.com/cryptocurrency/@wildtrader/how-i-trade-cryptos-using-elliot-wave-theory
Disclaimer:
Trading crytpos is like swimming with sharks. These are unregulated markets. While I'm providing some analysis, the risk is all yours. You can get hacked, raided, and scalped. These markets can be thin and predators lurk. Do not put any money in cryptos than you can afford to lose. Always use two factor authentication on your accounts. And, regularly take profits out and trade something else
ETH: 0x214100463968649031A9D6E6A6C5B9aDdE540e29
BTC: 14Y4V2hFUKzQZe3rVJ8cTphv583FiRvgqS
