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