I am new to Elliot wave analysis and fibonacci retracement. I would like advice from people who are more experienced about where I should be placing my projections - please help me if I am wrong here!
1 thing to note is that with cryptocurrency, there seems to be a lot of "hurry up and wait" happening... this bullflag/fractal forming could become rather extended before skyrocketing to projected pathways.
Komen
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Potential ABC correction to 864 satoshis (note to self - please keep in mind that I am doing this to teach myself EW and patterns, and looking for guidance from more experienced traders).
Komen
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It corrected very close to my target for about 1-2 hours (under 864 satoshis). If all goes well, you have bought in and will continue a huge uptrend for the next day. See you all on the moon? It IS possible that the correction is not over, and we may see a lower low before taking a moonshot, but I think its over for now.