BitCore (BTX) has All Waves Placed Except One

SUMMARY

Note: First day of Golfing here! Trying to catch up on analysis request before heading out for 9 holes!

BitCore (BTX) was pretty much botn into a correction as shown by the blue ABC waves of which 2/3 has been mostly a sideways action. The red abc subwaves have been labeled. I've for now decided to disregard the flash spike up and labeled it as blue B. The subsequent abc for blue C could be, if not already, be complete.

Closeup of subwaves show that blue 5 of white 5 of red c of blue C is almost complete. It's clear that many charts are giving a common message; that the correction of current stage is nearing an end. For BTX, this could mean just a sizable bounce or a genuine trend reversal. I believe Bitcoin's action will provide much leadership to help determine the breakout status.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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