I like this coin. Really like it. This prediction is VERY conservative. Like the bottom levels of where I think this coin will hit. But I am always conservative on my targets because you would rather have your target hit, than for it to fall far short due to over-optimism. Targets often fall short, and I think it's very likely that these will be hit.
We have a long-term position building up here soon, as I think this wave is pretty much done. So the next update to this post will be where is the next best entry. I am also looking to take advantage of wave 5 here and placing a re-entry position similar to Verge. Now I will definitely update on the progress, and I'm nearly sure that this wave 3 is too short - I'm just not going to change it.
We have the jaws of wealth forming here, and if you want to miss this coin. Then good luck to you.
Target 1: $0.707
Target 2: $1.048
Target 3: $1.356
Like I said, I will update with short term projections and entry levels. Expect one coming up very shortly. Also, the freaking satoshi on here... I just converted the values to USD. NO IDEA what it will be in terms of satoshi. But I have an idea on USD (if it followed this same "satoshi" pattern" and that's what these targets represent. The time frame is also viable to shorten on this. Always react to price, never time.
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Guys, It is literally a DIFFERENT WORLD doing wave analysis in Satoshi. So I calculated the dollar values of the past impulse waves and retraces and they are NOTHING as they appear. After wave 1, Cardano only retraced about 35% in its run, NOT 72%, it just got extremely outpaced by Bitcoin.
Right now, it looks like Cardano is still sitting around its ATH.
NOPE! It's high was around $0.59 and its currently at about $0.47. It's already retraced 20%! Someone PLEASE save the crypto community and create a USD based cryptocurrency that we can use for transactions and fully TRUST it. LOL.
Anyways, I will do my best to continue to convert these prices to USD. I advise you all to get apps that have the USD pair for every coin.
So I'm looking for a retrace between $0.34 and $0.27. The $0.34 target is looking like the best bet here.
This is probably one of the most attractive risk to rewards that I've had yet (in the instance that you pick it up at $0.27.
(Check graph for values in Satoshi - all Satoshi values are as if Bitcoin does not change in price) Entry: $0.27 - $0.34 Stop Loss: $0.22 Target: $0.707 Target Range: $0.647
RR: 10.08 Chance to Gain: 166.4% Chance to Lose: 16.51%
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Cardano reached our target box a few days at $0.31. But you would never freaking know *cough cough *SATOSHI cough*. However, we've dipped down a bit here, and it's possible we can even go lower. But I'm opening the trade because I think we're hitting our bottom for this correction. It's just really hard to tell with satoshi guys. TRADING VIEW SAVE US. Good luck!
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Anybody else feeling this big explosion coming? Might not, but it's showing potential. Hit our buy box twice and is showing a lot of potential! No idea where it will be satoshi wise, but dollar value has this thing hitting at least $0.65.
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Resistance is broken on BTC. Short-term target is 4000 Sat. Up 15 cents from entry point. How do we file proposals for dollar value calculation to tradingview?
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Looks like Cardano just became available for Tether trading on Bittrex. This is the start for our move towards $0.70. USDT paired charts where you at??
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USDT paired charts don't have enough information for me. I've seen Verge, NXT, Ripple, Stellar, and many more hit extended 5ths after their extended 3rd waves. This is possible here.
Expecting rejection at each fib level. Around $0.74 is likely, $0.86 is possible. Staying in after targets are reached is dangerous
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BOOM! PERFECT HIT! Best thing yet? We're not done!! This was only wave 3. One thing I've learned about Cryptos is that they liveee by the peak, this peak was very sharp and we're on our wave 4 correction. $0.86 here we come!
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Trade closed: target reached
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Welp, We're looking like we are in the ABCDE forward bearish pattern for wave 5. In other terms, I THINK we are topping out. This can very well go north, and I will buy into the strength, but now we are playing a risky game and I will take profit.
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Forgot to say, Congrats to those who got in! We're looking at a 100% RETURN in just a FEW DAYS from when this trade was active. We surpassed our big target of $0.70 and we are on course to hitting the $1.35 target set for the first half of this year. A lot of money to be made on this coin!
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Hey, I don't think we're done here. Let's get another 47% to add onto our big gain. Thank you Pisces for that helpful information. Our target date is 3 days. Very sure this will happen. We should shoot for at least 7k Sat (If Bitcoin remains stable, lol).
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OMG LMAO. Guys, let me just give you all a peace of mind. Everything this okay. We're back to the nornmal days. I think Bitcoin is done correcting LOL. We've only lost like 2 cents on actually dollar value. Bitcoin is just raging. I'm still in on this trade and I am not leaving until we reach my target of about 86 cents or so. I do some calculations after this is done so we can see where we're at.
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This is why trading in Satoshi sucks... Anyways, If you are a long-term holder, this is probably the time to look into taking profits and re-entering at a lower price (once this target is reached).
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Remember that target of 7231 Satoshi? Seems a lot more likely now. That would put us at a $1.09 valuation. I don't know about all of that but Its not NOT likely haha.
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Continues to crush expectations! $1.09 is a real target? Let's hit it!
Trade closed: target reached
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BOOM!! Another Perfect hit!! 7231 Satoshi!! It ended up as a market average value of $1.07. Now this thing can even go HIGHER! But I'm taking profit and closing this trade, this is where things can get risky. It could probably go as high as $1.15. But this is why you don't stop analyzing after targets are reached! We hit $0.86 and stayed through for the extra 20 cents! Now, I'm just going to be wise and risk losing out on another 10-20% profit rather than losing a lot. Another post will likely be a correction target for Cardano that could very well set up long positions.
this expects a long bearish market... with how things are going now it's not so likely, is it?
vandad80
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@vandad80, i am talking about your bottom levels :)
Elijah_Trading
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@vandad80, I wouldn't say my bottom levels are bearish, but more-so a base case. If I was bearish, I'd probably be looking at a shorter 3rd then a shorter 5th. But yes I agree! I'm expecting 2018 fiscal (from this november) to probably be one of the biggest years in crypto. So its actually likely the 3rd wave is more extended and it hits the $1.25 mark and my projection could jump another 20-30 cents in just the first half of 2018. I just don't ever like to be too optimistic :D
UnknownUnicorn995743
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@vandad80, they are updating their roadmap in less than 6 days. I wouldn't sell just yet. see what happens after their road map is released.
Elijah_Trading
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@pisces38, No doubt in my mind that this is a "buy the rumors sell the news" play going on here. Thank you for that info, we may not see the big drop until that happens.
UnknownUnicorn995743
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@Eball8, I believe in this project. and I beleive TIME IN the markets is far better than TIMING the markets. People may sell the news but i'll be ready to accumulate at discounted prices.
Elijah_Trading
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@pisces38, No you are very correct! That is why investors typically outperform day traders. I just like to take advantage of volatility!
kmPCLkjW2Ww
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cool
UnknownUnicorn995743
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I don't think TA alone is enough to determine the prices months out this far. you don't see meteorologists forecasting the weather for June 2019. Having worked in investment my who professional life it behooves to let people know on here that TA DOES NOT WORK THIS FAR OUT. let alone place trades confidently using Eliot Wave theory. Fundamentals ultimately will tell you more or even using Metcalfe's Law is a better measure. Either way we are in uncharted territory.
Elijah_Trading
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@pisces38, Distant projections are guidelines, not set in stone. I react to price, not time.