SUMMARY
Factom (FCT) could technnically have put in a bottom but to me, it's too quick. The Altcoins are rarely so fast in correcting. Especially given the extended 5th wave (blue 5). I believe the a,b,c might not be done but clearly much of it depends on Bitcoin's pathway. If BTC sets up for one more lower low, then the current bounce likely would not complete a full impulse. That would be the alternate pathway.
One reason for such slow corrections can be summarized by a friend's remark that often people lose their minds en masse and regains it one by one. The euphoria or fear can cause a temporary loss of minds and regain is a slow process.
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
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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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Original view on EW analysis... Fundamentally FCT is a very strong token with a very tight supply + a pile of well-established business ready to use its technology. Best way of profiting from it - just buy and HODL it for next 3 years. Less trading = more profits!
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Fuck off parasite troll.
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Is that a nerve? Believe it or not, my posts aren't actually all troll posts. I mean my 2 TA's are but the rest truly aren't
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He upvoted me. it was nice.
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sir what about your litecoin TA, Bitcoin TA , they going opposite according to your analysis.
at the moment @salahuddin2004 preditcions are going right
matt expert also doing good analysis , but you only know limited chart pattern only waves
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Do you think I am lying?
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why
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the only thing that looks like poo is your scores..
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This post has a low rating
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