1. Justin Sun & CZ are hyping the coin: Buy the Hype 2. BTT Binance Trading Competition = More Volatility = More $$$$
The Motive Wave has already started on BTT and we are currently in the begging phases of the impulse wave. Always remember the following:
Wave 2 always retraces (gives back) less than 100% of Wave 1. Wave 4 always retraces less than 100% of Wave 3. Wave 3 always travels beyond the end of Wave 1 and is never the shortest wave
We have a previous high of 38, I think given the volume and hype, we will break the previous high by a couple of satoshis, correct, and shoot upward to high 40's - low 50's.
Your thoughts are very much appreciated -- Let me know in the comments below :)
@CryptoBoy_KSA, What is the reasoning for the placement of the bottom support line? It seems a bit random with only one touch. Though in hindsight, this micro 'pullback' seems to be respecting it.
DeadFly
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@losingup, how many touches constitutes a support line?
losingup
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@DeadFly, i believe the more the better. But you'd think it'd be at least two. Otherwise it's highly speculative.
But there maybe reasons. Fib level etc. Maybe something to do with the angle. Hence the question.
demoxbt
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so you think the market cap is going to over 2 billion for a coin thats been around for a month? okie kiddo.
losingup
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@agruener, Circulating supply is 80b right now, not 999b.