kitkat16

APPC Elliot Wave analysis (Wave 3 imminent?)

BINANCE:APPCBTC   AppCoins / Bitcoin
Hi guys, not sure if this is wave 3 or 5, but have been following APPC for a while. Looks like it's had a pretty extended wave 2 while BTC has been making up its mind. It even had a textbook head and shoulders reversal that was part of the ABC Elliot wave correction- very ugly for those that bought up there.

Anyway, we are about to enter wave 3. I'm new to Elliot waves but I'm pretty confident about this because we are also at the bottom of the triangle as you can see, and there is really no other place for this coin to go except upwards. Some are worried about it breaking support but that's very unlikely because this coin is probably on the higher end of 'undervalued' right now.

Looking at the whitepaper and roadmap this is a very professional project by a company that is already successful in their field (Mobile device applications). They also seem to have a working use case already existing which is great considering this is mostly a speculators market.

Anyway, I think *hope* my waves are somewhat on point. I haven't worked out how to properly measure targets for wave highs/lows yet so don't use these wave targets- PLEASE don't buy and sell based off these number markings because they will certainly be off.

If anyone has any suggestions/criticism/feedback about the general placement of my waves please do chime in because this is my first dabble with elliot waves.
My only concern is that this may be wave 5 we are about to enter, not wave 3 (if my initial wave markings are wrong, which they very well could be). Either way we are going up. If someone can confirm/correct me on if this is wave 3 or 5 that would be great :) (please explain what I did wrong too if I did make a mistake). Thanks!
Don't take as financial advice!
Trade active: So this is the other pathway, looking at it right now, I think perhaps this was the correct pathway. Hopefully someone with more crypto experience chimes in :)
that would be a MONSTER wave 5 if this is the correct pathway.

Comment: please ignore my last update.
Upon further study, the bottom of wave 4 CANNOT be lower than the top of wave 1. So this is completely incorrect. Please igore, I will update as I learn more over the next week :)
Already made a nice profit; trading this one. I'm following this idea, and will see where to taken profit, no predictions. Just bought in, but target 70000 in just 3 days seems very optimistic :-). Waiting for the volume to kick in. Stop loss at 11000 ?
Reply
kitkat16 vanoirbeek
@vanoirbeek,
hey mate, 3 days is not correct, it will be more like end of feb before we see 70K sats. I'm not even sure if 70k is the correct target yet for wave 5 either. I would say we are looking at least 2-3 weeks to hit 30K sats tbh.
Patience my friend.
Reply
puong kitkat16
@kitkat16, have no reason for appc come down again and again
Reply
vanoirbeek kitkat16
@kitkat16, Waking up and seeing the charts bleeding again, Stop loss reached. Another day, another change. ;-) Thanks foor the update.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out