Edgeless (EDG/BTC): Broadening Pattern
SUMMARY
Broadening pattern is third most favored pattern for Altcoins. Edgeless (EDG/USD) has been in this pattern since May of 2017! Price has diligently moved from the top trend line to the bottom trend line. These price movements can also be traced using the abcde labeling. As price has most likely comlpeted the D wave, the E wave is on deck and perhap already initiated.
The subdivisions of each wave should be abc as shown by the blue and red in the chart below. The rise to the final E wave is expected to take price to all time new highs. However, price could still linger around the bottom trend line a couple more weeks or so as it had before the prior rise to C. Overall, bulish on the condition that the lower bottom white trend line remain as support.
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 shoud 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.
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Does this "Jaws Of Wealth" also fit inside impulses like this XVG chart?
The start inclines are too high. Usually, there needs to be a less inclined runway.
Okay, I understand what you're saying - thanks a lot Master Lee! :)
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Yes, as a friend.
Daily and Weekly In-Depth BTC/USD Analysis (New Bull Trend or Bull Trap?)
That technology has not yet been invented.
Irrelevant. What happens when you drop a pen on the moon.
What. So the lines can vary on the same diagram? Also, the lines mean nothing...
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@banjo, is he right?
And how do you know you are right?
excellent as always friend thousand blessings and much more success so that you continue to provide us with valuable information
What's that?
excellent as always friend thousand blessings and much more success so that you continue to provide us with valuable information
Yes because I am capable of intelligence.
getting better by the day,
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Just so you know, your downvotes disappear my blogs soon after posting and so you give me every reason to self upvote. I've explained this to you before and will again. Your downvotes also are the reasons why you see my downvotes on your blog.
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I have 24k followers and that's 40% of daily active bloggers. These numbers are accurate, check for yourself. My blogs consistently get 10,000 views within the first hour. Remember, people follow for good reasons and not bad. I've contributed qutie a bit and still am to the steemit community. You just disagree and that's not my concern.
Again, as soon as you leave my blog alone, you can continue your blogs and collect steem undisturbed. Until then, my reactionary downvotes to yours won't allow it.
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