StoneyStark

SCBTC In leg 2 of 5 in a major elliot wave?

Panjang
BITTREX:SCBTC   Siacoin / Bitcoin
Please do not take these charts as advice - I am just learning and using the publish feature to store my charts to see how I can improve.

We need to break out of these triangles to begin wave 1 of leg 3 for the Elliot wave theory to stay in tact

  • Got a good elliot count
  • Price last made a new higher high but RSI shows a lower low showing hidden bullish divergence
  • We are at the end of wave 2 which means up from here
  • Histogram upticking
  • MACD crossing over

I am a beginner with these things so please don't take my advice as this will more than likely be nothing like what is going to happen :)

Good luck trading

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