It's during these corrections when it's most ideal to scrape the bottoms for the groundfloor opportunities. OAX/BTC fits the profile quite well. The symmetrical triangle a,b,c,d,e is either complete or is about to at any moment. The oversold nature of the MACD and the fact that the leading blue line is curling upwards shows a turn coming. Remember, Technical Analysis is not a game of certainty but probablity and so is driven by likelihoods. Given the confluence of triangle consolidation pattern being nearly complete and MACD at an oversold stage, it's quite attractive!
Here is the future price pathway projection. The target is 48,444 Satoshi for the top of wave 5. Please ignore the timeline as I don't project time because it is not a reflection of sentiment; highly unlike price.
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
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.