SUMMARY
Just because it doesn't physically shine and twinkle doesn't mean it can be as valuable if not more than physical gold. Bitcoin Gold (BTG/USD) has already completed the A and B waves (white) of the retracement as shown in below chart. The subdivision of the C wave consists of wxyxz to take into account the lengthy time consumption. IF this count is an accurate projection then the final c of Z could land at around the $59 mark.
In any wave of the triple count, abc three waves compose the subwaves and each can be a zigzag or flat. Since C waves always have five subwaves labeled with impulse numbers, waves 1,2 seem complete with 3 in progress and 4,5 on deck. We need to get greater confidence in the terminal end of this correction and then project further future price pathways.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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Essay: Is Technical Analysis a Quantum Event?
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