virtualmonkey

OMG in B wave of correction?

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BITFINEX:OMGBTC   OmiseGo / Bitcoin
Not sure on this one because of that enormous spike in price last night.
Looks to have completed 5 waves down for the A wave. 1 and 4 do seem to overlap slightly but only by a wick, which again makes me wonder.
The top of the B hits the blue box, which is both the 0.5 of the A (excluding the wick) and the 0.618 of A (if we include the wick).
The C wave hits the second blue box, which is between the 0.5 and 0.618 of the total upwards movement (excluding the wick).
Don't trade on this without your own due dilligence...it's just for fun and info
Aviso legal

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