SUMMARY
Can a coin rise in the midst of a correction? Yes, because each coin stands on its own with regards to drivers of sentiment. Yes, there is a uniformity of sentiment and the fact that Bitcoin is also the moon that moves the tides of the Cryptosphere. But, given how price is a reflection of sentiment, IF pattern and Elliott Waves display a bullish scenario, then such call is made.
Here is an example, RAIN/BTC. The corrective a,b,c waves are complete given how five subwaves of the red c wave can be identified. Recall that Technical Analysis does not output certainty but rather probability. Given how RAIN/BTC is beginning to rise; Elliott Waves and pattern show a target of 2,400 Satoshi. Should there be a lower low, then that would reset the impulse; but not necessarily the target as then it would be a different pathway but same destination.
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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