LTC BTC totally ignorant elliot wave analysis...

BTCE:LTCBTC   Litecoin / Bitcoin
203 2 1
So, I really no nothing about elliot waves to be honest, but just looking at the monthly chart this popped out at me as the standard 3 waves up 2 waves down then A-B-C pattern...for those who actually know what they are talking about I would love your input. Am i onto something or is this totally off? Would this mean we are in for the next cycle to begin with wave 1? Apologies if not. Would love to hear your thoughts. Thanks!
abc would be similar size and C would be lower target than A for corrective structure. But who knows eh. Broader picture depends on what BTC decides it wants to do.
btc_joe lowstrife
Ah that makes sense, ya now thinking about it I remember that c is usually the lowest. Thanks man! But ya I totally agree, very much dependent upon btc, so well see what happens.
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