I bought into this one from 335 after reading a post from @TheCryptoLabs and working an Elliot Wave count on the chart. Do you guys think this can possibly return 400+% ? So far I am up 43%..and I am seeing a bullish wedge forming to continue our uptrend. If it gets to my wave (3) I plan to short it (from myself, not margin) to pick back up at the end of wave (4)...
I have mentioned it before, I love trading channels! So far this channel seems to be holding up quiet nicely.
This chart is textbook Elliot Wave. We have currently just finished wave 3 of a larger timeframe which also completed wave (v) of a shorter fractal wave. I am looking at a .38 retracement to complete a wave 4 which will then go on upward to wave 5. Remember retracement waves such as 2 usually take an a b c... pattern down as seen in the chart for waves 1 to 2....
I decided to post a new topic since I have been posting screenshots of my BTC channel trades in my Onward Dasher post. The descending wedge outlined by yellow finally broke out. Right where I had my blue support line drawn from what I saw as a possible break out line the chart was creating. The breakout seems to have stalled out right at the 1 Fibonacci line...
Dash was one of my earliest picks due to the organization behind their community and development team. I first added to this coin back when it was at 338 and it has since performed quite well. Dash has quite a few use cases and has already penetrated the transactions market. Most importantly Dash's quick recovery even gains during the past few days says much more...
Seems we just completed wave 3 of a larger time frame and wave (5) of a smaller time frame Elliot Wave. We are now looking to complete wave 4 which may end in an A B C D E correction here if the current C wave does not break out. And If 1550 holds support we should continue upward to wave 5 of the larger time frame between 2000 and 2136. What do you guys think?
BTC is currently in the midst of a major correction which I felt was imminent when I wrote my Oct 21st post. Since then I had bought into BCH when it completed its double bottom back at $400 (wish I bought more). It has since been a crazy ride and I cannot say I saw that run to ~3k coming. Right now BCH is in the midst of a well needed correction. I do not believe...
There is no doubt BTC is in an uptrend right now! But the question is for how long will this trend last? Markets have cycles, nothing will go up continuously and BTC is not excluded from this fact. Right? Being relatively new to the cryptocurrency markets I have always wondered if I started too late? And the answer is no, the technology isn't going anywhere a...