21 Million (21M/BTC): Time to Take Nibbles!!steemCreated with Sketch.

in bitcoin •  2 years ago 

SUMMARY

Here is 21 Million (21M), an Indy Media Production company token. First, it's thinly traded and so taking on a massive position would make no sense. Thinly traded coins have lower liquidity and thus makes it very difficult to enter and exit whale sized positions. Such actions are what at times cause price to spike up or flash crash. So, if considering to enter a position into 21M; perhaps small nibbles might make sense.

The below chart shows that 21M/BTC completed a common, downward pointing symmetrical triangle. It broke out in an explosion which had to be consolidated through a Cup & Handle which it is currently processing. The handle formation is nearly complete. To me, such represents an attractive buy entry. Since two patterns are coupled to this; the likely bullish scenario looks that much more robust.

Here is the price projection for 21M/BTC. A combined effect of two bullish patterns allow for a sustained run up. To this end, the Elliott Waves show a target of 79,844 Satoshi. Bear in mind, that there are two ways a /BTC pair can run. First, as BTC rises, the rate of demand for the altcoin must exceed the rate of rise for /BTC. The second is when BTC declines, this would raise just about every /BTC pair.

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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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
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ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf


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.

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He is the best analyst out there and his tutorials are free of cost !

Not free to me.

@haejin , keep on posting ! We need you and support you !

This is how capitslism works. If I see value in something, I pay for it.

Capitalism includes a concept called Price Discovery. On this platform, part of the process of price discovery is flagging when something is over-priced. Like @haejin's entire blog.

@inertia Jealousy is a Curse !!

Is that right?

Still hanging around here, acting obnoxious? Lonely? Needing attention again?

It should be interesting to see how BTC performs in the new year, especially with all of the setbacks it's been dealt.

Thanks Haejin!

Are you going to ignore the drama bernie is trying to incite?
Wish you the best of luck

another great one. Thank you so much!

nibble nibble

Thank you as usual!

Many of the smaller alt coins have very poor liquidity, making it difficult to buy and sell at stated prices.

Have you had a look at LIFECOIN? Looks interesting but again, very low liquidity!

  ·  2 years ago (edited)

I took a bag of Life, I have the impression that there is a project behind it, so good probability for me that trading volumes will increase soon.

Agreed. Seems to be a decent project with use case and roadmap etc. Should pick up with publicity!

  ·  2 years ago (edited)

Could you please analyse Gulden (NLG)?

Nice analysis. Low volume plays always make me a little nervous but there is no doubt that you can make massive returns if the coins pump or get listed on popular exchanges.

Where can you buy 21M?

If anybody interested then they can check this out here.

Website:- https://www.21million.co.uk/

Is this coin only available on Cryptopia?

yeah , looks like it ! I am in !

16000 Followers Done

@haejin Apparently this Bernie guy hasn’t had enough and wants to start the flag wars again. But should we even bother with them waste our time and effort or just ignore them.
I know all the troops are on standby but is it worth it. Bad for community i think.
Bernie just cant let it go.

Btw what happend to the bs agreement? Bernies breaking the peace time.

  ·  2 years ago (edited)

who the F is Bernie. Weekend at Bernies ;)

YOU ARE THE BEST. AGREE?

how do you think about the price of sbd and steem that is getting more and more the price,
how do you think about it

Muy buenos análisis

thanks

lol, that's a really small one

First again!!!!

What is considered a whale position in this case? $1k, $10k, $100k?

  ·  2 years ago (edited)

I have learned so much from you. Thanks for sharing!

OMG! This is SUCH an AMAZING post! Thank you for sharing! I give you a vote !!

Hi, what are your thoughts on the following icos
3d token
Gitcoin
Well
Cappasity
Steamr
house token from nareig
Travel flex
Insurepal

yeah!! thank so much for your great information!!!

we all are waiting what's going to happen next!
69fbf7240f42620c870bdc173856ead82781e930db2ac505e941931fc2c24ea1.jpgt

Excellent publication friend @haejin thank you for this great work you are doing with tremendous information ... !! now if things will be better .....

Please take a look at Pakcoin (PAK)
thanks

Two good points by haejin here, 1) careful about buying "thinly traded" coins.

But 2) also often forgotten or overlooked is the following...

"...are two ways a /BTC pair can run. First, as BTC rises, the rate of demand for the altcoin must exceed the rate of rise for /BTC. The second is when BTC declines, this would raise just about every /BTC pair."

Beginners would do well to take notes.

where can we get it?

boom up 80% on cryptopia

lets see

Already mooning, at .00011000 , Cryptopia!

With a volume of 4 BTC and 16000 people following @Haejin, dont you think it would? I think I'll pass on this one.

Could we have an update on Pillar (PLR) please?

Yes, Pillar please and Everex.

Congrats on 73! :))) Well deserved.

Sangat saya suka

Nice chart!! thank you

Big fan here Haejin! Was curious if you can take a look at FunFair (FUN), that would be much appreciated.

haha let's see how this is going to work out :D glad I had some bucks left on cryptopia to throw away :-)

혜진씨 항상 많은 도움 받고 있습니다.
혹시 시간 나시면 AMB (암부로서스)라는 코인 한번 봐주실수 있나요?
우연히 알게된 코인인데 아이디어가 너무 괜찮아 무턱대고 아주 살짝 무리해서 투자해 버렸는데 갑자기 걱정이 되기 시작합니다. 손절을 해야하는지 아니면 계속 보유하고 있어도 될 코인인지 기술적 분석을 한번 부탁드립니다.
그럼 2018년에도 건강하시고 또 많은 도움 받겠습니다. 꾸벅

Looking into this now!

Thinly traded meaning this post definitely punped it

Thanks Haejin!

Try to start posting with the tag "vincentb" it will give you a lot more upvotes. It is a program that Vincent Briatore (you tube crypto guy) is using to generate upvotes for everyone. See how it works...

@haejin, you are the bestest. I follow all your analisis. Can you do a analisis of SiaCoin? Please

Dear, @haejin! Can you make update on 8bit coin?

Small cap crypto here!

does anyone kno how i can invest in digibyte before its "too late"

I buy on bittrex but here is a list of exchanges that have it ... At the moment DGB is at 10c or 720 satoshi. still a reasonable entry.
https://coinmarketcap.com/currencies/digibyte/#markets

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