Bytecoin (BCN) Ready to Breakout or Keep Moving Sideways?

in #bytecoin4 years ago

SUMMARY

ByteCoin (BCN/USD) completed a five wave impulse and the correction has thus far taken a downward wedge pattern within which the ABC Elliott Waves seem already complete. However, it would be surprising see the whole correction complete given that it is very likely to time and price extend. In other words, the ABC could morph into a complex correction with sideways moving waves.

The subwaves confirm that the ABC is a ZigZag (5,3,5) sequence and the subwaves thus far seem fully placed. If there is to be a breakout, then we need to see a full set of impulse waves up. That has not yet started and until then, price is primarily expected to move sideways.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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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I think in the short run nothing can be predicted

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Awesome post.
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Coins mentioned in post:

CoinPrice (USD)📉 24h📈 7d
BCNBytecoin0.003$-7.97%14.22%
EOSEOS6.572$-5.93%57.85%
QAUQuantum0.137$-1.7%2.14%
WAVESWaves4.662$-4.83%13.5%

upvote and resteem.....

Hopefully the charts continue to increase ....

Congratulations @haejin, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 49 and the total pending payments to posts in these categories was $2178.44. To see the full list of highest paid posts across all accounts categories, click here.

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Which is better than XMR?

I donor understand the charts and wave theory, it take few more months to understand it. Any how I have already sold all my bytecoins.

I donor understand the charts and wave theory, it take few more months to understand it. Any how I have already sold all my bytecoins.

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 132.25 SBD, based on the pending payout at the time the data was extracted.

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The Resistance

WE ARE THE RESISTANCE!

You are bullied by @GrumpyCat on your post.

  • @GrumpyCat is flagging innocent people and calling them "collateral damage"!
  • @GrumpyCat is trying to impose his rules by using your SP on ones weaker than him!
  • @GrumpyCat has rejected all the diplomatic proposals we have brought so far!

@The-Resistance is here to stop this and protect the weaker ones from the tyranny of @GrumpyCat

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Make sure you downvote all of @Haejin's scammy post!!!

Screenshot (85)_LI.jpg


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YOU CAN EARN MORE MONEY ON STEEMIT BY DOWNVOTING @HAEJIN

VISIT @FLAGAWHALE FOR MORE DETAILS

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