Nice article seeking alpha! This is going down and hard. I'm out all the way first thing tomorrow. Maybe be back around .25. It's over here for the foreseeable future. Clay trader should show up any minute.
It's not weak ... It's still a Corrective Trading Pattern. It's the Mother of all Corrections with nice variation of the individual correction patterns: triangle then mini triple combo then a blood letting ABC.
Specifically, Primary Corrective Wave 2 is a Triple Combo W-X-Y-X-Z with 2 very distinct X-X Tent Poles ... AND a long Z Wave down that is a well seen corrective A-B-C down (counter primary trend). That means the primary trend continues to be up even though it would appear to be totally unbelievable.
The ratio of the Y Wave Bottom (Nov 2018) to the current price now (looking for the Z Wave Bottom here) is -0.764 (last stand Fibonacci). The MACD and RSI have very nice large positive divergences with PPS. Bottoms are made with these positive divergences.
If you believe that this a corrective counter-trend Primary Wave 2 down, then this is where you buy with blood in the streets.
News 
Market Data 
Discover 
