instead of 5 waves from EWT. From my expierience Elliot's principles are the mind killer. The market wavings behaviour is simple, especially in so young market as cryptosphere. In my countings ( i show only part of counting on weekly chart, there are many inner 3-waves moves on lower timeframes - there's not so much space to show this smaller waves on weekly chart). My principles are: 1. Wave A must be corrected by the wave B by minimum 38.2 Fibo (maximum 100%). Wave C should be minimum 61.8 of Fibo length in comparison to wave A (there is no maximum - wave B can be i.e. 4.618 Fibo, or 10x much longer or 100x - whatever lenght it have, must also consists in it 3-wave structure). What is with WXYXZ structures from EWT? There's no structures like this, it's illuson - waves like this can be described by only ABC structure. That's my theory in nutshell, but it is only theory - basically useful only for counting waves after some time. This theory - like EWT gives no 100% answers where to buy or where to sell. It let's me only build my price expectations - like on this chart above. I want cheap XEMs from market;) Maybe i will not get it, but dumps are welcome. NEM is longterm gem (in my personal point of view).
