SUMMARY
Bridgecoin (BCO/USD) is VERY NEW and has very little price data. However, the below Cup & Handle pattern is a probable projection. Please take this analysis as tentative.
It's interesting how the BCO/BTC is showing a very similar pattern. I hesitate to project a target until more price data is available.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Thanks @haejin!
Please could you do an analysis on Blackcoin, nice cup and handle which just broke out?
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