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

in #bitcoin6 years 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?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

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
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
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.**

Sort:  

EOS
Triangle or Flag?

great found! thank you!

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

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!!

First! ;P

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

FOLLOW ME HAEJIN IM A HUGE FAN!

I WILL ALWAYS SHOW LOVE YOUR ON MY STEEMVOTER TOO

@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

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

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 :-)

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

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

You call it skeptic, I call it realistic.

Can you pay with RDD through Facebook: NO
Can you make use of the search-engine like Google on BitClave: NO
Did you ever pay someone with Verge because you didn't want anyone to know: NO
Is it normal to buy a picture of a cat on Cryptokitties for over $ 5.000,--: NO
Are cryptocurrencities really that cheap and fast to pay with: NO
On you last visit or your first coming visit, are you gonna pay your dentist with Dental Coins: NO
Did you ever play a game like Decentraland on a Nintendo, X-Box or Play Station: NO
Just check out this site with a market cap of $ 176.593,-- https://uetoken.com/

Sorry, but do you call it skeptic, realistic or just stupid? Ever heared of a Ponzi Scheme? There's a shitload of them going around here. Can you make money on it: YES. Do you have to pull out if you can: Yes, as soon as you made your money!

Useluess Token.jpg

All of that will come. You're right about one thing, some alts will crash or even never take value, like the startup of the internet 'bubble' (that was'nt a real one) but the tech behind crypto, so decentralisation by blockchain or hashgraph (possible next gen) can only become the standard imo.

About facebook, it can upgrade to include crypto by many ways, and if it does'nt others socials networks will come up (like steemit), same for youtube, twitter, etc.

Searchengine are free, but some says results are manipulated, a search engine on blockchain will be a google killer if done right, and it will come up for sure, maybe not next year, but one day.

Paying without any possibility to someone know will not be sustainable, problem is money laundering, but you can pay with any coin with a lot of privacy if you use multiple wallets and/or coins, it could be very difficult to trace transactions (atomic swap, that can make transaction interblockchain can be used for that, and can only be traced by people who really really want to know).

About cryptocats I agree, real cats are way more funny and costs less (even if veterinary and pet foods are not cheap, trust me I know :-D )

Paying dentist or other medical doctors can be made with some coins that will be issued by any social care, will be way more easy for them to handle people who tried to fraud them, just let them time to come up.
About video games, they are a lot of coins/blockchains that want to make networks for players, so they do not have to use the official ones, just google 'ICO games'.

We're at the beginning of the curve of the adoption of a new tech, we are early adopters, just wait a few years and take care about the coins you buy and holds, so just use common sense.

Agree with your points, but the deal is, we might as well start using crypto in our day to life and it needs some time and education.

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

Time to play

Coin Marketplace

STEEM 0.34
TRX 0.12
JST 0.039
BTC 69684.47
ETH 3531.05
USDT 1.00
SBD 4.73