Loop Ring (LRC) is Heading Towards 0.000265 BTC (254% Profit Potential)
SUMMARY
Loop Ring (LRC) is just about to initiate the handle formation of the Cup & Handle pattern. It likely will coincide with wave 2 and so the most ideal time to cast the buy ladder will be at the terminal end of the handle pattern. The reason for such commonality of these Cup & Handles is mostly related to the uniformity of sentiment across the cryptosphere. The Elliott Waves show wave 3 to target 0.000233 BTC and wave 5 to tag 0.000265 BTC or 254% profit potential!!
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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Legal Disclaimer: 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.**
Congratulation on 13K followers. With the speed STEEM is growing you'd be getting at worst 1K followers each week. Pround to be around while you had only ~1000 followers :-)
Loopring will loop out to $ 3.06
Thank you for your forecast. I hope you are right! :)
I'm new to your blog and like what I see so far. Just curious if you take any of the actual tech or purpose of the coin into account when you are analyzing? Or is it strictly technical analysis and trends? If you don't take any of that into account, do you hedge yourself in anyway for coins that maybe the purpose/tech isn't actually worth anything?
Thanks! @haejin
Only TA. News follows to justify the outcome. He does not look at the coin "tech"
Thanks! After posting I went further back and watched more and more of his analysis and picked up on that. Live long and prosper!
I've been meaning to buy some LRC for awhile! Thanks for the reminder!
Just a too small rise in comparison to SUB, WINGS and LEND, which make me happy at the moment...
is this coin good for 6 months holding
Don’t forget that you will receive free LRQ and LRN for the LRC you are holding ! Huge project with a huge financial opportunity for the investors ! Gotta love this baby <3
If you want just buy&hold then choose yourself coin that you really like by fundamentals. Maybe this strategy would be interesting to you https://www.tradingview.com/chart/SCBTC/dLeXDSvW-How-To-Profit-From-Any-Coin-Simple-Strategy-4-Beginners/
A thoughtful question and I wish it could answered by an expert
I know this sounds silly but if you could put your ideal ladder rung prices in your analysis, it would be easier than guestimating where the end of wave 2 is on your chart (i'm using my computer screen and scrolling down as a straight edge :))
Thanks @haejin !
Thanks @Haejin I will check it out, looks like it is on Binance. These decentralized exchanges are really good this one has low circulating supply also.
Update:- @ascension Thanks, Circulating supply in CoinMarketcap is wrong. I will be careful with cs now with other coins also there.
See my comment below- circulating supply on CoinMarketCap is not accurate! Actual circ. supply at over 730m coins. Happy trading, best of luck!
Thnks
Thanks for the clarification.
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great post upvoted