SUMMARY
SLR/BTC started with an impulse of five waves up (white). As is often the case, the subsequent correction was a ABC but with some complex price movements as shown. The key is if the breakout is a true breach of the upper purple resistance line. With the backdrop of the Cryptosphere correction, it would require a bit closer look.
Here are the subwave counts as shown. Wave C five waves are showing that completion could be near since 1,2,3,4 are well placed and 5 remains to complete.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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