TENX (PAY): Invalidate the H&S Top? How? This is how that can be possible.....

in bitcoin •  7 years ago  (edited)

Nice chart, finished 5 waves up (1,2,3,4,5; black) and now correcting.Is the correction almost done? Per the abc (red) and their subwaves abc (black), the last c wave has bit more dipping to go.

So, what can be a concern? Once the abc is done, it clear skies higher...right? Take a look at this graph. There is a very prominent H&S Bearish Top pattern and shouldn't be ignored. This means that prices can correct to about $3 per the minimum price move of H&S Tops. If so, then the c (red) wave of abc correction can decline as much also.

Can this H&S Bearish Top be invalidated? Yes, if prices rise above the Head (H) level and I've seen those happen.


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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.

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Thanks for sharing

TenX is the future of everyday Cryptocurrency-debit card usage. One of the best investments that is still starting up and is still undervalued. We needed this innovation to convince everybody who said they couldn't purchase anything with bitcoin except other crypto. Now you can literally purchase anything. :] Goodbye naysayers

thank you bruv. I will be on the rail watching this thing...

I wish you massive profits! Thanks for the read!

massive manipulation on this stock

Perhaps not. The reason is EW and chart patterns work pretty well with cryptos, unlike equities which IS manipulated.

Hello Haejin, thanks for the post. I appreciate you providing both directions TenX can take.
Some Exciting times eh?
Be well...

I wish you massive profits!

Haejin, what are your thoughts on Digibyte and Bitshares?

thanks!

Please use only to augment your DD. Here is Digibyte:
https://steemit.com/bitcoin/@haejin/digibyte-dgb-analysis-ready-for-wave-iii

Here is Bitshares analysis to be used only as augment to your DD.
https://steemit.com/bitcoin/@haejin/bitshares-bts-looks-like-digibyte-twins