SYSCOIN (SYS) Analysis: After five waves up, what happens?
This is a nice chart. Waves 1,2,3,4,5 were placed in a textbook Elliott Wave manner; nice abc (red) correction. Waves i,ii,iii,iv are also complete and v if not yet, will complete anytime. Once wave v completes, then five waves will have been placed. This means a three wave correction will be due as shown by the red lines. Once this correction is complete, the up trend is expected to resume as marked by the green arrow.
I believe the abc correction as outlined by the red lines will coincide with the Bitcoin Bear.
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
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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.
Hello again...any idea what is causing everything to rise..thought all was to go in reverse?
sentiment and a bounce to wave B (green circle)
Thanks. Thoughts on bitshares? I like it as a platform play
Here is the BTS update, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/bitshares-bts-can-t-get-better-than-this
what do you think about District0x (DNT)? Thanks
Here is the analysis for DNT, please use only to augment your due diligence.
DISTRICT0X (DNT) Analysis: Ascending Right Tringle Pattern
wait, the red line is, where do you predict it going? do you see it going as low as likw 55? or lower?
Usually retrace is to leve of prior wave iv.
Hi Haejin, has it vompleted the abc correction now?
Hi steepio, no, wave v has still a little more up to go before abc down correction starts. I'll update regularly.