ETC/ETH Binance 15:1 Retracement Entry, Elliott Count for Bulls

Working above the large step change, I count 1 completed 5 wave with 1 completed correction. The next 5 wave impulse is building, we are in the 1-2 of the 3. Reload at smaller 2, sell at smaller 5, reload at larger 4, sell at larger 5. Looking for a pivot at around 0.0375 to increase the confidence of the count (that is vs. loading up at the larger 2 - completed). Set the stop tight under ~0.0368.

Chart was de-cluttered for ease of viewing.

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All, just an assumption that the impulsive human nature of this chart didn't start till the 10-11th of Feb. Starting my Elliott from that point on.

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Count is still valid. We got another push higher for a higher 1 than I reported above. The 618 is holding now, stop limit has moved up and the potential upside has grown. Expect the nearest algo sell off attempts to be at .042 and .04 with targets down at the 786 on the largest wave (shown above). I expect alts (including ETC) to fail if ETH fails to hold above $750-800 today. We need ETH to bounce up setting a higher low compared to the last V bottom, same for BTC.

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Count is still valid, 1-2 in and looks like a 1-2 being put in, stop moved up

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Red dashed lines are major algo sell zones

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4hr, stop moved to 398

Trade closed manually:

Idea updated.