All this makes no sense. I hate to say it and its sad, All charts can be invalidated when china panic sells. That c was the same panic sell, bitcoin went down and took everything down with it. Do you think at this point TA doesn't hold much due to chinese panic going on. Now this news about closing exchanges from the same new site that announced ICO ban 2 days before it launched.
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Elliott Wave states that news or an event shall arrive to justify the forcast, and not reverse. Therefore, TA begets the fundamentals. Many non-believers can't conceive this as even being remotely true.