SUMMARY
POET (POE/BTC) is completing the overall Cup & Handle pattern and the handle formation is carving out to be an ABC (white). The prior blue impulse waves completed the right side of the cup formation. The ke question is as to whether the bottom is in or not. However, with Altcoins, always be weary of a seemingly short or rushed correction.
The finer details of the subwaves show at least that the white C wave has the requisite subwaves in place. The larger white ABC is counting as a Flat and if so, then the handle portion is also nearly complete, if not already. So, a trend reversal is expected, however; understand that more sideways action is the top alternate count.
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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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