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SUMMARY
RCoin (RCN) is nearly complete, if not already done with its corrective phase. It's time to awake this sleeping Altcoin! Below is RCN/BTC pair and the correction is counted in multiple ways and all just about show the correction almost done, if not already! The subwaves of the final red c is pretty much in so expect an impulse anytime! Target is 0.0002940 BTC
Here is the RCN/ETH pair. I'm forward discerning a rounding bottom and a handle for Cup & Handle pattern. The Elliott Waves are aligned so that the handle will be wave 4 so most likely it won't be a deep retrace for the handle formation. Target is 0.000767 ETH!
Here is the RCN/BNB pair and the downward pointing bullish symmetrical triangle is uncanny! I've counted the final sub waves of wave c and so there is high confidence that the correction is complete. The first target is 0.1426 BNB but higher target at 1.65 BNB also resides above!
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
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.**
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Well said have a great weekend!
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Beautiful! Thanks
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Can anyone confirm what exchanges this is on? On coinmarketcap it says it's only available on yobit.
On Binance there is also an RCN.
The Yobit RCN is listed as RCoin but the graphs don't appear to have any action.
Can anyone confirm if the yobit coin is the same one as here? the code is RCN (RCoin)...
Much appreciated.
edit: I think Haejin has accidentally labelled it R Coin when really it's the ripio coin
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You are correct the name of the coin is Ripio, and the code is RCN. As far as I am aware there is no coin called Rcoin.
Exchanges: https://www.worldcoinindex.com/coin/ripio
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Bittrex
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What's is going wrong?
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Haejin, although this coin has taken a different path it is doing well. Could you please update where you think it will go from here? Thank you.
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Hi @haejin, can you please help me understand this. Currently RCN is $0.000146. As per your prediction it will go to $0.45 cents. That is a huge impulse. No disrespect, I just wanted to make sure I got it right. If that is right, then an investment right now makes a lot of sense.
P.S. in you graphs you mentioned the target as 0.0002940 BTC. I think you meant 0.00002940. Ignore if it’s not a typo. Sorry about that.
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I think it must be a typo. .0002940 BTC is like $4 USD.
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Yeah. I think so too
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See this man: https://coinmarketcap.com/es/currencies/ripio-credit-network/ and this: https://coinmarketcap.com/es/currencies/rcoin/ . Haejin made a mistake with the name of de coin, but his analysis is great!
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Upvoted. Your truly a inspiration, have done a few trades on your advice, verge is up. have noticed someone mention Viacoin in one of your posts in the cup and handle stage, sad i missed out of that. One of them could set you up big time with the laddering technique.
Checked Viacoin and seem this formation, only new to elliot waves so excuse my basis techique but is there some here.
Got the books you recommended, heavy reading but very very interesting stuff.
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excellent publication !!! At this moment it depends on altcoin, it is a good time to invest
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This coin is Ripio Credit Network ! great future here! https://ripiocredit.network/
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On the wave of growth Bitcoin, all currencies can begin to grow very quickly
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Hi haejin thank you so much for your continuous work! Just yesterday your recommended books arrived. Already started to dig in. Also discovered a gem eventually, https://coinmarketcap.com/currencies/chainlink/? Is that a cup and handle trying to break out? My goal is to finish the books and then book a coaching. :) exciting times ahead. Craving Kimchi now. lol
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RCoin is definitely a 'shit coin' but it doesn't mean the price can't go up...and man...2,587x according to haejin! You invest $10 and you get $25,874 🤑🤑🤑The only problem then is selling it back :)
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Hey @Haejin, could you please take a look at this? I tried to label the current BCH correction, but I'm having a hard time trying to discern it. Thank you very much!!!
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I like the wxy, but those need to subdivide as wxy of lesser degrees not into 1,2,3,4,5
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Oh yes I see, thank you very much for the feedback!
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have you switched from poloniex to binance as your primary exchange?
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jsut was working on bitcoin chart and popped over to youtube to check your video morning update, A B C D E, where next, picture below!
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Brother, this is not RCOIN. Please see this: https://coinmarketcap.com/es/currencies/rcoin/ and then: https://coinmarketcap.com/es/currencies/ripio-credit-network/
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BTW, you are great!
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Good analysis, I see that it has potential but I am out of this. I checked their site and it looks very primitive to me, I couldn't even figure out what this coin does.
http://www.rcoineu.com/
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Wrong website. This is the correct website. https://ripiocredit.network/ Hurry up an buy! :)
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you sure? Haejin has said it's R Coin. not ripio.
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I think it is Ripio coin.Ripio Credit Network (RCN).
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yes I think he made an error. Even the Crypto God makes mistakes! :D
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Thanks friend!
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its not about about what the coin does
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Agreed but it doesn't make any sense to buy something which doesn't exist after sometime. Looks like I was referring to another coin.
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i liked this post
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Hej everybody.
Could you please check that I am counting right and that we are only on the top of wave 3 of 5 on the BTC chart, and on the handle on the ETH chart. I am still an newbie at TA and would love constructive criticism to improve.
Thanks!
RCN/BTC
RCN/ETH
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