SUMMARY
WINGS completed two rounds of triangle pattern formation. Then impulsed five waves up. Following such impulse, there is a requisite correction and that is currently in progress. The WINGS/USD pair chart shows a clear a,b,c route and the subwaves of the c wave is shown as 1,2,3,4,5 (white).
WINGS/BTC has decisively broken out of a large, long forming descending triangle. This indicates bullish next steps as shown in the chart. The white waves have impulsed to complete five and after a brief minor correction, is likely to continue upwards. This upwards movement could indicate the one more lower low pathway of Bitcoin.
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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