SUMMARY
Polybius (PLBT) is labeled using the triple combo wxyxz and its subwaves have been filled in. IF this count is correct, then PLBT could be in the final stretch of this very long and drawn out sideways movement. The white subwaves provide a potential direction for the one more lower low.
The PLBT/BTC is showing a nice descending triangle pattern and price could be starting to impulse and if so, the demand for the coin could exceed that of the rate of change in 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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