EOS/BTC Analysis: Target: 0.00213 BTC (886% Profit Potential)

SUMMARY

EOS/BTC pair is presented with an anlysis of the past and forward projection of price pathway. Look how the "Hurry Up & Wait" syndrome has also played out here. The first set of impulse waves were completed in no time while the resulting a,b,c correction took months!

The a,b,c correction is further sublabeled with five waves for wave a and a symmetrical triangle for b and another set of five waves for wave c. So, as all sub waves seem to be complete, there is high probable likelihood that the bottom is in and finsihed. I've also drawn out what looks to be a cup & handle pattern as it would be very unusual for the pattern to morph into either a large symmetrical triangle or the Jaws of Wealth. The Elliott waves project 0.00213 BTC or an 886% profit potential!

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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Legal Mumbo Jumbo: 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.**