feej

feej

This is follow up to my option 1 that I posted. In this second option elliot wave count, we are only in the corrective wave 4 of the larger 12345 impulse wave cycle. To me this means this may be a less deep correction and that the correction may follow a simple descending wedge triangle ABCDE pattern. Afterwhich, it will put in 5 impulse waves to reach what is...

feej

I'm putting out two different counts on NXTTF because I'm new at this and unsure of how to call the full impulse cycle. The way I see it, the ATH made in late December represents an extended 5th wave which means we are now heading into an ABC correction. In theory, it would be typical for this correction to dip as low as the last wave 4 which is down around $1.00....

feej

My initial thinking was that this correction on Bitshares was simply a bull flag (ABCDE) which would mean today we broke out of it. However, as I recount the waves (something I've just been learning to do in past few weeks so high probability I'm wrong in my count) this could be an ABC correction after the completion of wave 5. That means price could rise to...