RISE Analysis: Target $1.07 (328% Profit Potential)...Don't Stare at this Gift Horse on the Mouth!!

in bitcoin •  7 years ago 

SUMMARY

In a recent RISE update, I had presented the below chart with a target of $1.07. The Elliott Wave count and target are still valid but it lacked a chart pattern component which is vital for the algorithm to work well.

Below is an updated chart with pattern plus Elliott Waves. The pattern is clearly an a,b,c,d,e triangle and the very last e wave is either complete or near so. I've place purple e?? as a potential but not required. So what does this mean? It's time to LADDER IN! When is the best time to buy? At the terminal end of a correction. At what lifespan is this correction at? Infancy? Middle? Or Terminal? Target remains $1.07 and at current $0.25 price; that's a 328% PROFIT POTENTIAL!!

Here is the RISE/BTC pair. DAMN! Can you say BULLISH??!! As I've written before, when the /USD and /BTC pairs display a near exact bullish pattern and Elliott Wave count do you sell or buy? BUY!!! Target is 0.00020632 BTC....BOOYAH!

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
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
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:
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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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loving the tutorials. big thanks for those!

Rise looks like it's ready to blow. This is a great call. I remember last time Rise Bullish, it took off. Lets hope history repeats itself.

@haejin thanks! will Rise/BTC rise at the same time?

maybe not exactly in loc step but yes.

what is the deal with BTC? is the fork about to happen? Is it still on tract to fulfill the head and shoulders pattern?

All time new highs Dead Ahead!
The H&S could be invalidated.

Hi Haejin, If you have a chance, I'd love it if you could comment on these charts for OKcash and Whitecoin:
OKcash
and
Whitecoin

I like!

Thanks, appreciate the feedback!

Another project using Dan Larimer's (of EOS) DPOS technology.

Yup ... its 1.0 stuff

I been looking at this one in the past. I forgot about it! That's how long i been waiting/ Thanks for bringing it back in the radar!
Definitely going in on this tonight. There is also supporting chatter across telegram chat rooms indicating people's interest in RISE.

Thank you @haejin, especially after my disastrous count! And a special thank you to @scarlet7 who has helped me through the fall of RISE and potential rise of RISE!

This coin has it already in it's name "RISE" :-) ... Looks like an interesting project, too ...