Factom (FCT): Extended 5th Wave has Consequences

in factom •  7 years ago 

SUMMARY

Factom (FCT/USD) has gone more sideways after an initial abc deep decline. The prior wave 5 was quite extended and so the likely depth of correction is likely to equal the prior wave 2 bottom. Price is not too far from there.

The subwaves place best within the wxyxz (white) complex pattern. The white impulse waves of red (c) is about to complete 3 leaving 4 and 5 on deck.

Sentiment is quite uniform between Altcoins as expressed by the MACD and price patterns and Waves. I believe the month of April could represent a trend turning month.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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Awesome post! I like it :)

great post😊

It's Aprils Fools Day & I'm Giving @Haejin A Break!!!