Spank Chain (SPANK): The Bear Needs a Bull Spanking

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**SUMMARY**

Note: Rightfully reposting as the trolls had made it invisible.

The countours of the very large saucer pattern you see in the below chart of Spank Chain (SPANK/BTC) is being adhered to quite closely. The wxyxz (white) labels show that Z finished as a combination to a symmetrical triangle (blue lines). Regardless of the size of the rounded formation, there are still three parts, the left wall, basin and the right wall. I think the right wall assembly has started. The MACD is also supporting that projection.

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The impulse waves show that wave 1 is complete and likely wave 2 is in progress. Once wave 2 completes, wave 3 starts. The MACD is almost ready to resurface into a sizable breakout! Rallying into July.

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**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. </center>

Please consider reviewing these Tutorials on:

[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)

[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)

[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)

[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 

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