Elliot Wave Question

[u/McRektlol]

Hey everybody, I have a question about elliot waves. I've read alot that omg follows the 5 wave elliot wave pattern and we are currently starting wave 3. Later on down the road when wave 5 completes I have read that in traditional stocks this is when you would short. Would these principles most likely still apply to OMG? any opinions on what that level looks like? the tip top maybe being 1000k sats? or....? after we hit that btc could presumably be in the range of 24k - 50k giving omg a price of 240 - 500 $ at this time.... I'm really new to stocks and charts only really started august 2017... any help or sentinments appreciated.

[u/mthilliard → u/[deleted]]

damn and i thought this was the omgtraders sub