The reason why Altcoins prefer the Cup & Handle, Wedges and Broadening patterns for their corrective paths is because of their inherent syndrome to be as lethargic as possible in the corrections. This is the condition of the liquidity immature Cryptos. They don't have the rate of churn to process the prior vertical move which went vertical because there was not enough liquidity. Now, when a financial instrument does acquire the higher liquidity level; the process is inverse in that price climbs much more slowly while corrections are very quick. You often see this in the equities where indexes could take years to acquire 200% in gains but nearly 50% could be wiped out very quickly on a downward correction. Case in point the 2008 Financial Crisis.
For SALT/USD; the vertical move ups and very slow, lengthy corrections are likely to repeat into the current correction given that its network effect is yet minimal. Take for example the below chart showing the blue, rounded bottom formation. The left side of the pattern had a vertical move that required the lengthy consolidation phase. The current white correction could require another round of bowl pattern that could take until April/May time frame.
If the blue fractal's impulse can be a guide, the white fractal shows projected impulse waves that could complete the right side of the cup pattern. Therefore, for Altcoins that are immature in liquidity, there is ample time to incrementally accumulate through effective laddering in preparation for the next vertical round.
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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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?