NaturalPatterns
Long

Possible 100% gains on Monero XMRBTC

BITFINEX:XMRBTC   Monero / Bitcoin
Hi All

Looks like its time for this forgotten coin.

Chart says it all.
Looks safe.

I use a stop loss, and add several sell targets up tp 2X

Does this look like a chart that deserves a like ? Thanks ! :)

Comments

I don't understand the counting on this chart. A lot of tops and bottoms skipped.
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@klos, If you mean the subwaves within the larger waves, you are right i didnt label them. You can definately put an abc or abcde in them if you like. Just looked at the major pivot points. I think they makes good sense with fibonacci numbers.
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klos NaturalPatterns
@NaturalPatterns, The tops you picked seem pretty arbitrary. That's the biggest problem with Elliott – everybody counts waves differently.
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@klos, this is a pretty standard elliot wave count. Theese are the major swings, and they are supported by very accurate fib targets. This leads me to think a lot of ellioticians would count it like this.

No major pivots are skipped in this count, That is not true.
With your criticism not backed by any concrete points or suggestions, I suspect you have little or no experience in counting EW.

The problems you bring with different EW counts, of course.. We All know this. We re-label All the time.
Nobody is claiming to know the future. EW is a great tool.

Over and out
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Love it
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Probably forgotten for a reason.
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and xmr is the single other crypto that has something bitcoin is likely unaable to provide anytime soon, if ever: fungibility.

btc isn't fungible. Monero is.

Lightning on BTC already beats any 'blockchain', and even Visa and banks on transaction speed and volume. but even though lightning is itself anonymizing, for large amounts of value, it can't do that
Reply
NaturalPatterns cryptostuffdude
@cryptostuffdude, thanks for your insight, very interesting
Reply
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