SUMMARY
Here is Bela/BTC; a very simple looking chart pattern. In it, the ABC corrective waves can be easily discerned while the rounded bottom formation (white arrow) is still in development, though slightly more than half done. What's next?
The white rounded formation is a sub pattern of the bigger (blue) pattern. This type of patternization is quite common in Cryptos...I've often called them impregnated states because obviously Bitcoin knocked up by Bitcoin...who knows! What's key here is the MACD and across the Cryptosphere, the MACD is becoming the key indicator. It's about to explode! Likely in the upward direction, too! This would allow the right wall of the larger blue saucer pattern to build the right wall side!
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Elliott Wave Counting Tutorial #1
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Tutorial on the use of Fibonacci & Elliott Waves
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Essay: Is Technical Analysis a Quantum Event?
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