PlexCoin (PLX) is Having a Healthy CorrectionsteemCreated with Sketch.

in bitcoin •  11 months ago

SUMMARY

Is the sky falling on the cryptosphere? Seeing how some of the permabears are trying be more right than a broken clock is a bit amusing. I've said it many times: Corrections are healthy! They are absolutely require to progress upward in the form of a two step forward and one step back procession of price waves.

The below shows not an exhausted PlexCoin (PLX). It isn't about to crash, it isn't about ot collapse but rather correct into a minor Handle formation of a Cup & Handle pattern. The Elliot Waves show that most likely the handle pattern will coincide with wave 2 of circled 3. The blue outline depicts a larger Cup & Handle pattern and its interesting to see how the smaller, white one is embedded within the blue one. Such impregnated patterns often result in sizable upswings.

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.**

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great found! thank you!

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Because of this post I just put $5000 into PLX. I hope your right or my wife will divorce me

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Hhahahahha......

Look, guys, it is going up:
plex.PNG

Scam news all over, no website, no any announcements.
As hard as I tried, I haven't found anything at all to justify that price raise... WOW!!

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Well done! I bet you can die happy now :) haha...

FOLLOW ME HAEJIN IM A HUGE FAN!

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I WILL ALWAYS SHOW LOVE YOUR ON MY STEEMVOTER TOO

Amazing performance. Maestro - Bravo! But still You sleep ever?

Thanks Haejin!

@haejin is TRX about to breakout now ?

corrections are not only healthy but they are necessary. They happen in every market. Since the crypto market is very much still in its infancy, people will talk more and skepticism will pour through every little hole whenever there is a chance for it to

this is oke and have a building bitcoin

You're a bloody legend, mate.

Lost first again, lol.

Nice Post Dear Steemian. Thank You For Your Effort
Shared LOVE With My Upvote. How about you Share some Love too?
Cheers and Have a Peaceful, Profitable Year .
Keep Posting and Get Rich ;) :)

How come there was no talk about VeChain (VEN) that coin exploded in orgasm...

I remember the Plexcoin ICO, They launched and ICO, website got shutdown a while later, then launched again under a different domain name, I even wrote about it in my Post in detail. I believe it is more of a pump and dump situation, invest in this like a hit and run robbery, just my two cents :)

Nice post.
I have a question,
The main question in my head is this: All the money that we are pouring into cryptos... some are reducing savings, some are moving their investments balances, others are taking debt to buy more coins... this can't go on forever. Perhaps cyrptos will takea significant hit when people need to cash out (i.e. sell coins) because of a recession somewhere in the world?

Any thoughts on CND?

bitcoin will pass a swift ascension !!!!

Super post. Thank for your Information.

Excellent article, thank you for posting this. I feel all these pull backs in prices of Cryptos are a buying opportunity.

Great, thanks dude.

I never heard about this crypto. It's very good to know new altcoins to invest. Thanks for the post.

@haejin, thank you for teaching us and showing us your thoughts. However, I think you should do atleast a small amount of research on any coin before posting these predictions. PlexCoin is a KNOWN scam, and the founder was fined and jailed for it. https://motherboard.vice.com/en_us/article/qvzkx7/plexcoin-scam-founder-sentenced-to-jail-and-fined-10k

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Update your info please: https://t.me/plex_live

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BTW, I am in Canada and this is what I get where I try to open their site (I am not in Quebec, but close to it) http://prntscr.com/hzbf7n
Oh and they are already listed in CoinMarketCap :-)

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He does'nt care about the news, just the price so the chart.