PARTICL (PART): What happens after five Elliott Waves?

SUMMARY

PARTICL (PART) is nearing a stage where five waves could be near completion. These stages are important to view from the perspective of the "Degree of Trend". While I often trade at the daily to weekly degree of trend, such five waves short, sub-daily degrees at times do provide opportunities to take profits. This is because ELliott Waves states that after five waves, there is a requisite retracement in the form of 3 waves. With a scenario as shown below, blue wave 5 represents a zone where above wave 3 could be applied for profit taking. Still, this is a very subdaily degree of trend and too much trading at these levels require a near perfect timing....henc, it becomes day trading. However, given that the Cryptosphere is in a correction, a close eye has to be kept on Bitcoin (BTC). IF the below chart shows price to cotinue impulsing upwards, wave 5 could be signaled at 0.004921 BTC and raising cash could be a good thing to do.

Legal Disclaimer: 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.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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