XRP Elliot Wave Analysis

BITTREX:XRPBTC   Ripple / Bitcoin
Having a look at XRP's recent up and down, it seems like an impulse wave has finished and there are two possibilities.

1) As above, there is a Bull Flag with 5 point correction wave. We are beginning the downward portion of the E wave and we should bounce from ~11,000 sats

2) If we have completed an ABC correction, then the recent spike (CD) is the beginning of a new impulse wave and we can expect a breakout from the flag sooner rather than later.

Pls comment and leave feedback, I'm always keen to improve and learn :)

Komen: b
There are so many people claiming the opposite, what makes your chart reliable ?