SUMMARY
Factom (FCT) could technnically have put in a bottom but to me, it's too quick. The Altcoins are rarely so fast in correcting. Especially given the extended 5th wave (blue 5). I believe the a,b,c might not be done but clearly much of it depends on Bitcoin's pathway. If BTC sets up for one more lower low, then the current bounce likely would not complete a full impulse. That would be the alternate pathway.
One reason for such slow corrections can be summarized by a friend's remark that often people lose their minds en masse and regains it one by one. The euphoria or fear can cause a temporary loss of minds and regain is a slow process.
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.
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Elliott Wave Counting Tutorial #1
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Tutorial on the use of Fibonacci & Elliott Waves
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