I gave up on Elliott Wave years ago when I realized that the market was being artificially propped up and corrections that were naturally 'due' according to Elliott Wave patterns of 1,2,3,4,5 just did NOT work.
Now it seems that Bitcoin and other new currencies are following the Elliott Wave pattern.
Here are a couple of good charts:
https://www.tradingview.com/chart/BTCUSDT/4ep40XuE-Bitcoin-Elliott-Wave/
What are Elliott Waves?
Here's a great explanation:
http://www.investopedia.com/video/play/understanding-elliott-wave-theory/
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