WAVES Is Riding the ELLIOTT Waves towards >100% Profit Potential!!
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SUMMARY
So, at first sight, you can probably see how similar WAVES is to QTUM!! The similarity is uncanny. This means that the sentiment that drives both coins is quite similar. Most likely, many of the buyers of QTUM and also buying WAVES. The chart below shows WAVES completing an a,b,c,d,e consolidation and yes, WAVES also loves triangle patterns. Once complete, the target would be $24.83 or HIGHER!
The WAVES/BTC pair shows that it decisively broke OUT of the very long and large downward pointing symmetrical triangle. Now this triangle is bullish because it's pointing downwards. Why does indicate bullish propensity for price? From the beginning of this triangle, there are plenty of sellers. However, as the price decreases, the number of sellers decrease. The triangle also has a contracting barrier and this limits the degree of up and down price can have. As price continues to decline, the sellers are nowhere to find and so only buyers remain and that's why price explodes!!
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!!
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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 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.**
Been buying Waves since $2.40.
Good choice that's setting up for an excellent return. The question will be will you hold past the $24 or sell. In fact this is my question for all but a few of my positions. When should someone finally sell and take profits. I'm mostly holding long positions but am starting to dabble in some trades.
If you look at Apple or Microsoft at their beginning and would still be holding today, you would be up incredible multiples. Microsoft looks like it was $0.12/share in 1986. Today they are at $86.35/share. You would be up today 718X. I believe the underlying blockchain technology to all of these cryptos has a chance to repeat the big tech winners from the 80's.
I’m thinking same thing MICROSOFT 🎣📈🌊💰💰💰💰💰💰💰💰💰🚀🚀🚀🚀🚀🚀🚀💰🚀💰🚀💰🚀
And buy when haejin says to buy or wait for a big correction. Be a contrarian and you will do well.
But still can't know which will survive. I see cryptos being like the dot com boom. Many website IPO started but a very small percentage of them are present now. Many cryptos are available right now, but only a few of them will survive over time.
Go to coinmarketcap.com and start clicking on cryptos. When you go to one of their pages, you will see in the upper left hand side a link for their website. Look at what the business is behind the crypto and decide if it is well conceived, solving a real problem, creating a big opportunity to disrupt a market or it's simply a me too crypto. Only invest in the ones that have a real business in the making. I've read on some of the websites completely general blah blah blah and I run from those.
I remember those days :)
I remember them but was still in high school so not even a thought about investing in them back then. We have another life changing opportunity in front of us. It a great time to be alive and investing!
I agree with you, it is a great time to be alive. I invested a lot in WAVES and STRATIS in October. But now I have sold some of them to buy other coins like VIBERATE. VIB is my favorite coin at moment.
me to! Intending to hodl those for a long long time to come yet ;)
Could you please do an update on EOS? 🚀
Agreed EOS is such an interesting currency to follow
Great information sir.
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