MONACO (MCO) Correction Almost Complete; Target $32 (415% Profit Potential!!)

in #bitcoin • 7 years ago (edited)

SUMMARY
MONACO (MCO) is nearly complete with its deep a,b,c (red) correction. Given that the fifth wave was extended, the retracement often reaches towards prior wave ii price region. The Bullish Wick is when price pierces the lower support line but quickly returns inside it. This often presages a trend turn and for Monaco, it would be UP! Please consider watching the video in its entirety as tons of additional info are in there. In the video I discuss the personality traits of cryptos with regards to Elliott Waves and also detail out the primary as well as secondary price pathway options. Target of $32 by end of year.



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Legal Mumbo Jumbo: 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.**

#monaco #cryptocurrency #blockchain #money
7 years ago in #bitcoin by
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     7 years ago 

    ok so i usually go by 5 min charts since i like to day trade this coin..but i am holding a fair ammount for when it does go past 25
    Thank you for this

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     7 years ago 

    Aside from trading for profit, do you have any input as to why Monaco is a good investment for a hold (better than other alternatives)?

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     7 years ago (edited)

    Thanks for visiting my blog which has only one aim: to help and do no harm. I provide zero cost Technical Analysis to help others augment their due diligence.

    Elliott Waves states that a news or an event shall arrive to justify the forecast and NOT the reverse. This means as a Technical Analyst, I believe that Waves (sentiment) beget the fundamentals and not the reverse.

    So, I only offer Technical Analysis. I have thus far made 88% money making calls.

    I diversify my coins to the best profit potentials per Technical Analysis.

    [-]
     7 years ago 

    Does it include a significal dip that should happen to all alts during possible, deep BTC correction You anticipate? I wonder if it's time to enter any alts if BTC correction seems imminent.

    [-]
     7 years ago 

    I also have similar concerns. We might see the dominance of BTC on the Alt-coins reduce over time. Especially the new entrants will be exposed to various new coins and move their BTC profits.

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       7 years ago 

      great post,
      nice video ,
      thanks for information in bitcoin.

      [-]
       7 years ago 

      Thank-you @haejin! Have a great weekend.

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         7 years ago 

        @cryptohustlin has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

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           7 years ago 

          Good Morning @haejin. Thanks for the MCO update..

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             7 years ago 

            @reported has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

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               7 years ago 

              thank you so much for this :)

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