IOC/BTC is showing a unique chart pattern. It started with a double rounded bottoms that then impulsed and touched the top line of the larger Jaws of Wealth (broadening pattern) twice and then declined to touch the bottom line. IF this is pattern is correct, then the next likely move would be an impulse set of five waves towards the top line of the broadening pattern. The blue lines outline smaller version of the same broadening pattern. This type of impregnated fractals further connect the next direction to be up.
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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