Pivx chart looks like Elliot wave!
There is a large move up followed by a corrective three wave down. The first and third of the three waves is broken into 5 clear sub waves. The middle wave is three clear waves.
If I am reading this correctly, then Elliot wave theory would predict an upwave similar to the last upwave should occur. It could add $60-$100m to the market cap.
I have no idea if this will happen. I get these wrong all the time and this isn't trading advice. It's just an observation. I don't even understand why the waves would be predictive in any way. I also don't have any data on how often the waves work out or if I am reading them correctly.
So what do you think? Is pivx about to reach a new high, keep falling or something else?
Note: I do own pivx coins.
Sorry, but PIVX looks like had hes run and overpriced already, i think there before next run first we going to see below 20k sat
PIVX will be better than monero...
remember XMR strugling at 1.5$ 1.8$ and than taking off to 15$ and now to 30$ :))
PIVX has the support good idea and good team to surpass XMR and Litecoin together and even DASH ... :D
Could happen! We'll see!
@meraz ~ No such thing as an 'overpriced' long-term investment. All but the very worst of investments pay off fairly well at some future period when held onto.
I chose PIVX as one of my long-term investments and moved most of it to my wallet to support the 'staking' process, even though it isn't enough to earn anything except over years of time. OTOH, when PIVX makes a major upward move I transfer it back to Bittrex, sell it at a tidy profit and then replace the amount I had + 10% at the first significant dip and transfer it back to my wallet. I end up with cash in my pocket and more PIVX than I previously had in my 'investment' wallet.
I have no problem with 'replacing' my investment PIVX at a higher price than the original portion, because it has already paid for itself. There is no real 'loss' from pulling it from staking because any possible return would be much lower, anyway, and the transfers back and forth are negligible when there is a guaranteed significant return.
This is one of the things that makes cryptocurrency an ideal investment. You can't instantly sell your house overnight when prices rise, and then buy it back a few days later when prices fall, but you can do that with CYC.
As well, the current state of the market means that 'overpriced' just means that your investment will take a little longer to return a profit, and I have found that I haven't had to wait more than a month for any of the CYC's to return to a level where I can profit between 5% and 10% because the 'gamblers' move from currency to currency and everybody gets a turn.
For now we see i was right, price went down from 60k sat to 40k sat, so in halfway to 20k sat.
Now by the price is better choise is #xvg - verge, is only 40sat and have anon, not better coin, but better option to buy. Easelly could be pumped to 400sat, even 4000
@ender ~ The Elliot Wave gets remarkable results for those who 'find their stroke' with it. And everyone who is successful with it seems to have found a 'co-relation' that is significant to themselves, regardless of the 'systems' others build around it. My understanding, from a friend who successfully uses it for a variety of dissimilar investments, is that you learn how to uniquely apply it to each situation simply by making your own observations over a period of time, and once you have found the 'pattern' that is meaningful to you, you have 'found your stroke' and can use it with full confidence.