_ArjunA_
Long

Is it Lisk time again?

POLONIEX:LSKBTC   Lisk / Bitcoin
Lisk got battered after re-branding event. It's is typical trader activity... sell the news. Lisk has been difficult to chart for months, notwithstanding the recent parabolic move up preceding the re-branding event, and subsequent sell off; but it was around this time last year that clear impulsive moves occurred, and Lisk 'changed category' so to speak. Now, it appears to be making much more discernible impulsive moves again. I've posted a lot of charts in the chat, on BTC and a few other cryptos. I've charted with some success using a combo of fib arcs, EW and Gann . It's a constant empirical experimentation process. But I've never felt ready to publish... Anyway. Thought I might start with this one... let's see how it plays out. Knowing Lisk, and past behaviour when it goes impulsive... it may put in some extended waves...

As always DYODD/DYOR (do your own due diligence/research). This is not professional advice. You know, risk and all that... the standard disclaimer. Charts present possibilities, not certainties.

Hari OM!
May 21
Comment: So, there's some sub wave stuff going on... - so now that count is correcting.. depending on what you take as wave a, wave c will be most often 1 x wave a. though at a glance it looks like it's doing 5 waves down.. 5th can terminate around here (which would be 1 x wave a, if you take the first bounce to be a), or continue to around the wave 4 zone of its count... that doesn't invalidate the bigger impulse.. yet...though looking at the 4h, there's still some resetting to do... there are a lot of resistance levels in this zone, given previous price action...
May 22
Comment: Now might be the time to buy in. The retrace looks complete. We have a green bars in the 1h AO, which seems to be rounding off... a green candle forming now at the 1 x wave a zone of the second leg of the retrace, which seems to be terminating in that zone between wave 1 and 4 of it's degree, and significantly it is a higher low. There is also a hidden bull div in the rsi,
May 23
Comment: We can see that the whole market is still beholden to what bitcoin is doing... So.. Lisk, along with many alts, is selling off again. I would suggest this only means more cheap Lisk. There's no fundamental reason for it, it's one of the most legit project in the crypto-sphere, and will, sooner or later, climb out of this funk. So, while this idea might be invalidated.. a new impulse trend up is only a matter of time.. I had an updated chart, but just lost it, for some reason it didn't save.. I will post again soon...
May 23
Comment: So I updated the chart last night, and drew it with the possibility that a wave 2 of higher degree was in progress. But it wasn't to be. With btc undergoing deep retracement to 7.4k, the sell off of alts follows.. and any impulse movement is thwarted. The market is as fickle as ever at the moment. With that in mind it's interesting that we got a big bounce off the zero mark of the last complete impulse, and the price is now making quite solid touches between the .293 and .382. (.293 when reversed is the .707 retracement level, sometimes called the 'Target Entry Point'). Is this bounce Impulsive? At the moment I can't tell.. But. there are some decent signs the bottom is in.... again... lol. We have green bar in the 4h AO, a lower low on the RSI (hidden bull div). There is also gann line support here.. If something more definite forms I may post it as a new idea...

May 24
Comment: So a hypothetical wave count has been added on a lower degree. At the moment the count remains provisional because BTC could well make another leg down from where it is now, which might affect this movement, but so far so good... The bull div and green bar in AO mentioned in previous comment have played out well.. let's see how it goes..
May 24
Comment: So we just saw btc retrace some more, as anticipated in my last comment. And so far the price movement on Lisk has come through without being too affected... I has formed what could be called a fairly typical looking wave 2, with a wick almost tagging the .382 (62% retrace, which is statistically common for a wave 2).

May 24
Comment: - still looking valid. A new high was made above the wave 1 peak. A little pull back after that can be expected without invalidating the impulse cycle. We have green bars in the AO, indicating positive momentum.. another good sign from here would be the RSI continuing its uptrend to break the 50 mark... If these signs continue.. might post this as Lisk take 2 idea :)
May 24
Comment: Just thought I'd add a screen shot on the 1h scale. It never ceases to amaze me how much price action obeys gann and fib arcs. The trick is finding how best to apply them..
Solid chart, I am tempted to jump in to some lisk.
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hehe, first on here
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coinwide coinwide
@coinwide, omg fck god, i think this will complete a full cup, means up to 160k Sats in time.

thx for your chart, god bless you
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_ArjunA_ coinwide
@coinwide, cheers! :D
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