Bitcoin/Blockchain adoption may indeed change the world we live in..
But the phycology humans display when attempting to value an investment will never change.
Very similar Fractal to the dot com crash cycle.
Descending wedge pattern landing on the 88% retrace common spot for crypto to bounce, Look for breakout above down trending resistance and expect volume pop with it. Not a day trade patience will be needed, Conservative target aiming to sell back up at the 0.618, never forget your stop.
Now we wait, relax : )
Positive signs displayed in this coin, Broken down trending resistance, Volume coming in, nice rounded bottom formation.
Expecting continuation to the upside.
Using the USD chart for more accuracy, Take profit at the dollar targets on the BTC pair.
Now we wait :)
Painting clear signs of a new impulsive market cycle being born here with this coin. Its been a long time since this market has felt some positive emotions flowing through it, Opportunity to get in early as this market matures.
Trading plan, Enter this coin with the mindset of holding for at least a couple months, patience will be rewarded...
DGB looking very similar to the BTS chart. Expecting more impulsive waves to extend higher and play out this market cycle.
Be patient, patience is the key in this game. Wait for the impulsive moves when others want into this coin so bad they will pay top dollar,
acting on emotion. This is when you hand them your DGB happily and walk away.
Neo coin presenting a nice profit opportunity, Currently experiencing a triangle correction which could be nearing completion. Expecting more impulse waves up to higher targets. Let the coin play out its emotional market cycle and take profit on the greedy 5th waves, sell into the crowds fomo. This coin is hyped it could be the next coin to behave like ripple is...
Bitshares (BTS) is now painting a very nice path on its new market cycle, attempting to paint a much larger carbon copy of its younger fractal in the previous emotional cycle.
My goal is practising the ability to use the Laws of Elliot wave theory and chart pattern recognition in harmony together as a powerful algorithm to help predict the future price pathway....
Ahhh yes Bitshares is becoming strong with the force now.
After the first Massive 5 wave impulse we experience the typical drawn out ''crypto'' ABC correction. Finally breaking out of a falling wedge pattern and resuming a new line trend up.
From here I predict it wont be long before we start impulsing again.
Targets are based on Elliot wave theory using...
Bitshares Displays a perfect Market cycle with a very strong impulsive 5th wave followed by a long drawn out ABC correction.
Bottom is in at support and we are now trending up in the start of a new market cycle.
First Target 0.20 Cents and then new all time highs incoming.
Little known Facts:
Fastest Chain in the world, Can process faster than Visa and...