SUMMARY

LEND/BTC completed a classic five wave impulse up with the 5th wave extended. What does this mean? Whenever, wave 5 is extended, you turn and take your profits and don't walk but run! The next bull run up could and most likely will be the same with a near vertical rise and an extended 5th. The subsequent correction has thus far been quite deep.

The WXYXZ seems nearly donw. While price can have further and extended sideways action; the subwaves show that the final Z wave's subwaves red ABC are nearly placed. The five waves of red wave C has well initiated with waves 1 and 2 complete. The remaining 3,4,5 are expected to generate a lower low but probably not in a crash scenario. The decline is likely to continue in a methodical and incremental steps.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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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