Siacoin (SC/BTC): Symmetrically Skewed Fractals

SUMMARY

Siacoin (SC/BTC) is in progress to complete a smaller fractal of a rounded bottom formation. The below chart shows that the first fractal (white) contained the C wave of the ABC correction as shown by the blue subwaves. The symmetry is a bit skewed to the left; however, the symmetry of the blue fractal displays the same; and that's what makes it a fractal! The "Your are Here" marker shows the approximate locale of current position in development. The circles (white and blue) also show the same for MACD locale. I believe after a minor correction, higher highs should be seen.

The blue Elliott Waves show that blue wave 1 is complete and 2 is in progress. The red abc show that wave 2 could require a minor retracement towards 246 Satoshi before resuming the uptrend for blue wave 3. The MACD should also dip a bit (blue circle) before commencing to support the rise in trend reversal.

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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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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