SUMMARY
In the course of putting in the downward pointing wedge, AION had completed a bear flag. The current dilemma is as to whether this price rise is yet another bear flag or not. The pattern has now put in an overall abc (red) correction that subdivides quite well.
It's interesting how a Bull Wick was put in and so provides a differentiator to the first bear wick which was NOT preceded by a Bull Wick. My primary count is shown as an impulse wave of blues. This is with the caveat that Bitcoin doesn't start running downwards.
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
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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