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**SUMMARY**

This blog has consisently said to almost always expect an extended correction from Altcoins given their nature to rush the impulse waves while making the subsequent retracement seem like watching paint dry or the toaster to finish toasting. When price goes sideways in any correction, it should give alot of information regarding upcoming patterns and Elliott Waves.  The below chart shows the first downward wedge and it would be quite common to ask if that could represent the bottom of the correction. Given how the Hurry Up & Wait syndrome is prevalent across the Altcoins, suspicion should be the undertone of any conclusion that the correction bottom could be in. This is why alternate scenario counts come into play.

![](https://steemitimages.com/DQmPcCYsadA3WUwK1bbue6tSMP1jjgo1TKiWbv4dkaniGrf/image.png)

The ABC can easily be seen as the finishing markings of this correction and while still likely even as cofirmed by the subwaves, the length of the correction is a bit short in time.
![](https://steemitimages.com/DQmREKhxoSb4RgnojgjLY3bVmT6nQpmre8n7LCXg7zSx1FH/image.png)

The alternate count shows that the whole sideways movement could be labeled as WXYXZ complex combination. This means that the Z wave is likely not yet complete and unless price starts impulsing up like asap and start making higher highs; a lower low could be targeted.
![](https://steemitimages.com/DQmYqJ2kdBcRX48xjex9fLNSW7px3TNpypKL2MxDNgs9HNQ/image.png)




**Legal Disclaimer**: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

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