I have been looking hard at XLMBTC lately and by my count, we are starting the 5th wave on the Daily. I have illustrated some minute counts (purple lines) for taking quick small profits (really just for fun and to work on my counting system). Overall this daily 5th wave is apart of the larger Weekly 3rd by my system of wave counts. In other words, you wouldn't...
I think many, including myself, called the correction on XVG a bit early (shown as blue count on the graph). It appears though that XVG is following a nice ABCDE correction, but just on a longer scale (orange count on the graph). I think it is sometimes hard to separate news/events from your TA. I think that the rush to call the correction over was timed nicely...
XLMBTC has appeared to end the final wave of its correction on the most recent run-up. I have also included a pic that pulls back so you can see what appears to be a nice cup and handle formation. Is this correction signaling the formation of the handle? If so prepare for a large bullish move. - Good luck
BTSUSD forming a falling wedge. Looking to complete the last leg over the next couple of days. Should keep a watch on a break over the falling resistnace.
