Ok so it took a while to work out, but once we hit the new all time low, our 'fears' were confirmed, and what we thought was wave 1, was invalidated. Turns out it was a wave 4 correction of this ENORMOUS, huuuuge, ABC correction's 'C' leg.
You can see the 5 subwaves (light blue) of the C leg's 5th and final wave which we are completing now, before we start the route upwards in what looks like it will be a giant cup and handle . Once the handle completes, we'll then start testing new all time highs. It will get here quicker than you think because these impulse waves upwards will occur very quickly (within a matter of days).
It also means we are likely going down slightly more. Perhaps between 4000 and 5000 satoshis.
given the relatively low supply, and the already huge 250 million user market that this token will serve, I personally think it will be worth at least $15-$20 during the peak of Bitcoin's next primary elliot wave (wave 3 upwards!), this current price is an absolute bargain and I will be adding to my bag if we go down.
And remember, 'news' and all that hype bullshit doesn't really effect the alts too much. They run on a market cycle. This coin had huge gains as soon as it was listed on binance, so it needed a huge correction so whales could get back in on the action.
Good luck, stay patient. Remember Bitcoin's primary wave 3 is only just getting started.
Does anyone know what 2.618 x $20K is?
$50K bitcoin baby. It's coming.
You can see the 5 subwaves (light blue) of the C leg's 5th and final wave which we are completing now, before we start the route upwards in what looks like it will be a giant cup and handle . Once the handle completes, we'll then start testing new all time highs. It will get here quicker than you think because these impulse waves upwards will occur very quickly (within a matter of days).
It also means we are likely going down slightly more. Perhaps between 4000 and 5000 satoshis.
given the relatively low supply, and the already huge 250 million user market that this token will serve, I personally think it will be worth at least $15-$20 during the peak of Bitcoin's next primary elliot wave (wave 3 upwards!), this current price is an absolute bargain and I will be adding to my bag if we go down.
And remember, 'news' and all that hype bullshit doesn't really effect the alts too much. They run on a market cycle. This coin had huge gains as soon as it was listed on binance, so it needed a huge correction so whales could get back in on the action.
Good luck, stay patient. Remember Bitcoin's primary wave 3 is only just getting started.
Does anyone know what 2.618 x $20K is?
$50K bitcoin baby. It's coming.