Since 50% drop in less than one second is actually still possible in a multi billion dollar market cap coin, there is one thing left to analyse here..
" How long is Snoop dogs Cocaine line? "
Here is your answer @ close to 45%"
TLDR: Don't margin trade centralised scam coins :)
This is what i'm seeing, no signs of a reversal IMO..
I've counted for about 2 hours trying to see what works and this is my best and most probably case.
Short on trendline
Buy on 78.6
If you have a different long time frame Elliott counts i'm eager to see your views guys, thanks and be careful!
Ah Verge, who remembers the FUD on this coin back when it was in that symmetrical triangle?
I had predicted the drop to the ~400 area, based on the prior Bullish wave 2 back in December becoming a strong support zone.
My opinion is that every single Alt Coin should not be HODL'ed during a Bitcoin Bear market. If you are still holding your coins since december,...
This chart is completely based off the weekly chart, If we finish the week over 7300 then disregard this chart but as It stands, Bears are going to be driving this market to panic levels. As a trader I am In a short position of various alts, with a minor short position in bitcoin.
The low volumes indicates fear/uncertainty in the market and these heavy...
Shout out to Philakone teaching us how to make and set up plays like this:
This is my play~
Shorting: From the double top position to a $8150~$8050 target
Ladder Long Positions: $8150 -$8050 to a target of 1:1 ~ 1.68 taking profit as it progresses.
Good luck everyone.
Note: This is just my play for Bitcoin this week, if you'd like to give criticism I'd...
Here is my play for Bitcoin, Do I know for certain that it will reach below 10k? Ofcourse Not!
I see Indicators and signs leading towards this and I really do see this as a primary move for Bitcoin in the next few days/weeks. It also correlates with some of my other altcoin TA's which all show healthy corrections and is my main motivator in believing this...
75% of most symmetrical triangles are signs of an uptrend, Unfortunately 25% of cases incur a breakdown.
I've learnt my lesson in trying to predict the nature of a symmetrical triangle that is so heavily reliant on Bitcoins Influence!
All corrections in general are extremely hard to predict given the many different types of possible correction pathways it will...
This coin has been such a tease lately! We can put the blame on Bitcoin for now but I think the time has come to wave the red flags and let the Bulls run the show!
I am Very bullish on this coin as the indicators as well as volume levels all indicate to a major price rise soon, all the good bullish indicators are there!
Ignore the FUD and shills on...
So we didn't reach our higher goal of 0.00016000.. Does that mean everything is wrong? We're gonna crash???? CRYPTO WILL MAKE ME BANKRUPT???
It's as simple as taking a step back, adjusting your count and realising the alternate path POWR has taken. This is still a valid count!!
A strong theory I have right now is that POWR is moving inversely with BTC, which...
55-64 CENTS is my target for Verges wave 3, think i'm crazy?
I probably am! But these damn charts aren't, they're like that friend that's always serious and never laughs then suddenly says something and everyone else gets shocked. :]
Goodluck everyone! As always keep on HODLN`
Check out this analysis on POWR
All waves following Elliot Wave Chart pattern rules,
Targets are based on fibonacci retracements.
Please play the game at your own risk, this is merely a PROBABLE pathway the charts will take in a few days/weeks
Lot's of love, all the best and always be grateful ! <3
Hey guys, so i have been off on my latest predictions so I think I need to hit some more practice charts to see were this bad boy is headed!
Please give me your ideas and criticize the hell out of mine, greatly appreciate it! GL.
Note: I have held POWR since 0.00003500 and haven't been dipping in and out of these waves like i've hoped, but regardless I think the...
Hello guys, here is my Synereo AMP analysis using Elliott wave and Fibonacci retracements to predict possible 3rd wave movements !!
The correction could possibly take a number of alternate pathways but the end result will still be a strong wave 3!
I see BTC and alt coins are not currently in Phase atm. I also think this will change once the heavy resistance on...
My last idea was completely off due to an incorrect count on my original wave. This shows the importance of understanding Elliot Wave Theory to make sure you get the most out of it's potential.
Here is a potential pathway for POWR, sorry if it is messy but I wanted to show you the forest AND the trees so you understand what has been happening, and what WILL be...
Hey guys here is my idea for POWR, Likely to see a longer time period until the next motive wave with what i believe to be due to Bitcoin nearing/finishing its correction.
Please give me your views on this analysis I'd greatly appreciate them!