Feather Coin (FTC) is quite amazing! The Cup fractals are a twofer! Two of anything bullish is that much better as you can see how the price has reacted. I've labeled the impulse waves up and five waves have completed. Elliott Waves states that after five waves, there is a requisite a,b,c correction. I've drawn out a likely a,b,c,d,e triangle which is what BTC, Verge, LTC, etc are currently carving out. This means that a very deep retrace through a,b,c waves might not be required.
Here is the FTC/BTC pair. Talk about taking it to the excessive! FOUR fractals of the Cup formation. Look at the first blue box containing two cup fractals. Price exploded soon after the second was complete. The second blue box contains the latter two cups and the second one is about complete, if not already. I wonder what price might do? Hmm.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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