have attracted my attention for long time. Obviously at hight the 9th of December 2013 was an extremum level with maximum interests for cryptocurrencies. After the interest are getting down for long time and has reached the minimum price at 162. During this time cryptocurrencies does not attract for investors. This falling looks like a wave ((II)) "..investors are thoroughly convinced that the bear market is back to stay. Second waves often end on very low volume and volatility , indicating a drying up of selling pressure"
(c) Elliott Wave
Principle By: A.J. Frost and Robert Prechter
Subwaves in wave ((II)) looks like a combination w-x-y
, where is wave y
looks ended too. At current time I may suppose that wave ((II)) already ended and wave (( III
)) is working now. It is mean that this coin will have strong and fast rise with a first target at 1890-1900 = 1,618 x wave ((I)) and above. It should be looks like a "euphoric rise" in 2012-2013 years.
Altcount looks a different, but also does not cancel the rise scenario. Just are working wave ((V))
. One different - is targets. First target in this case will be at high in December of 2013 = 1095.