PTOY: Pump and Dump !!!steemCreated with Sketch.

in #bitcoin7 years ago

Boy, you see these in many of the ICOs...a pump and dump!

Be careful on the ICOs and the thinly traded penny cryptos.

On the shorte term scale, an abc correction should take place as shown.

However, wave c (red) could be deeper.


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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.

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Thanks for sharing

jeeez i got got ty

As always, another great and helpful chart! Iv'e been watching this one all day wondering if it would ever make it's stellar return to the dollar mark.

Thanks for the read. Please review my most recent: The Greater Fool blog post on Bitcoin
https://steemit.com/bitcoin/@haejin/bitcoin-the-greater-fool-theory-are-you-the-greater-fool

and what do you think of this evaluation for PTOY? Would you agree that her charting is accurate? She is very optimistic and generally provides great analysis.

https://twitter.com/NicTrades/status/896080355458859008

NicTrades Nicola Duke 🛢 tweeted @ 11 Aug 2017 - 18:46 UTC

Patientory is a thing of beauty.
#PTOYBTC #Bitcoin #altcoins #altcoins https://t.co/CGn9rozIRt

Disclaimer: I am just a bot trying to be helpful.

I believe her analysis is focusing on an upswing that correlates to my a to b (red) rise. Her first target could equal the b level and after then down to c. She uses good TA techniques but EW is abscent. Fibs and trends often self congratulate each other but EW critics them.

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