WaBI (WABI/BTC) is displaying a classic, vintage impulse waves up. These impulse waves often occur well within a channel as shown in below chart. Waves 1 and 2 are complete and price is likely rising towards wave 3. Once wave 5 is complete, the target is 30,541 Satoshi. Yes, after these five waves are complete, a requisite a,b,c correction is expected; but more to come on that later.
The below is that of the WABI/ETH and it too is channeling between parallel lines. However, on this one, rather than labeling it as an impulse, 1,2,3,4,5; I've labeled it as a,b,c,d,e. This is just an example of different path but same destination...UP!
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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Legal Mumbo Jumbo: 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.**