IOTABTC on 4-hr Chart. Just sharing my thoughts on the possible next move....
Please do not use this as a recommendation to go into a trade. If you want please go into the details of the TA by yourself. Everything now depends a lot on BTC and Market Sentiment. We have seen so many impulse waves get shortened after the 3rd because there simply isn't enough volume for buyers to push. As a result the impulse becomes a failure wave frequently by Ending Diagonal and the Elliot Wave count is invalidated causing it instead to become an extended correction usually into a Triangle or Wedge pattern.
Please note : It is now in between the 0.786 and 0.618 so very likely this is still in a corrective move although it appears as an impulse 1st wave at this point in time.
Please do not use this as a recommendation to go into a trade. If you want please go into the details of the TA by yourself. Everything now depends a lot on BTC and Market Sentiment. We have seen so many impulse waves get shortened after the 3rd because there simply isn't enough volume for buyers to push. As a result the impulse becomes a failure wave frequently by Ending Diagonal and the Elliot Wave count is invalidated causing it instead to become an extended correction usually into a Triangle or Wedge pattern.
Please note : It is now in between the 0.786 and 0.618 so very likely this is still in a corrective move although it appears as an impulse 1st wave at this point in time.
Trade active
Buying opportunity with reasonable Risk to Reward ratio. Contrary opinions are welcome. Trade active
NO SIGNS OF DIVERGENCE, BETTER NOT TO ENTER AT THIS POINT. I WOULD SUGGEST TO WAIT AND WATCH Trade active
It's taking three weeks to get here. Trade closed: target reached
Delayed . But Target Reached Trade active
First Wave Retracement at 50% Fib, took a long long time to get here :-D 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.