SUMMARY
Simple Token (OST/BTC) completed an impulse five wave up (blue) an has been correcting eversince then. The Hurry Up & Wait syndrome has been in full effect. This is when the impulse moves near vertical and the correction phase slows to a crawl. This is one reason why triangles are quite common because it allows the price to become time pacman.
The red ABC waves have been labeled and the subwaves fall well into place. Still, there is a scenario for a one more slightly lower low if price wanted closer proximity to the Apex.
A breakout is very likely and the purple Elliott Waves project an impulse rise to 8,012 Satoshi for wave 5. This would be a 280% profit potential. Will this happen overnight? No, it'll happen in a five wave impulse.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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Essay: Is Technical Analysis a Quantum Event?
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