BitCrystals has broken out of the four-hour triangle pattern.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, BitCrystals has completed five waves from the June 21 low. The five wave advance ended on the September 12, which was followed by a three wave correction that finished on the November 18. If this wave count is correct BitCrystals should be heading next towards the September 12 peak.
(Chart courtesy of Tradingview.com)
In the weekly chart, I believe BitCrystals is currently in the wave three (sub-wave iii). The wave one started in the September 2015, and ended in the March 2016. The advance was followed by a wave two correction that finished on the June 21.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long BitCrystals.
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