BLACK COIN (BLK/BTC): Breakout Continuation

in blackcoin •  7 years ago  (edited)

SUMMARY

Previous update on Black Coin (BLK/BTC) had shown the two very large wedge patterns as shown below. However, since then, price has broken out of the blue second fractal wedge and generated a smaller wedge shown in purple. As most Altcoins have certain personality features, this symmetrical triangle propensity is clearly an attribute of Black Coin. Price needs to now break out of the purple wedge and that could happen anytime.

A close up shows the impulse (white) waves that took price out and above the blue upper line of the larger wedge. The smaller purple wedge pattern coincides with the the wave 2 of a correction following the white impulse waves. I've added the subsequent five waves that would enable price to generate the onset of wave 3 up. So, a decisive breakout is needed yet again but at a smaller scale.

Legal Disclaimer: 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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Hi @solisrex,

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If you'd like chat an hour with me, I can show you the secret sauces on how to better position the waves. Please let me know when a good time is. You can steemchat message me or contact me.

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Besides a sexy chart and the fact that it's an early POS coin... can someone explain BLK's use-case in terms of fundamentals?

im expecting a breakout with all the coins soon

Please update on $DNT breakout

Thanks for the info. You have just opened my eyes to information that I did not know. Always welcome your knowledge.

Thank you.

Photos are very good and attract attention

Black coin sounds amazingly interesting to me

I think blackcoin may have potential, I'll check it out. Thanks for sharing!

👍⚡⚡⚡⚡⚡⚡⚡♨️♨️

breakout! unexpected but so good in the end.

giphy.gif

lol

Blackcoin seems pretty underrated, one of the older cryptos it’s one of the first Staking coins you can earn interest on. It’s wallet works amazingly as well as performs very well since so many nodes are staking. TA wise looks like a great entry laddering on wave 2

Hope to see a sizable pump like vertcoin had.

See my post and vote my last 3 post and I will upvote you 100% in one hour.... No reply

To me it looks like it is rejecting these higher values.I'd feel more comfortable if we retested the 3476 satoshi level before putting any buy orders in
blackcoin1.JPG

Thanks om gonna check this out.

Hello,
I've followed your Youtube posts! Excellent content as always. Thank you for educating others. You are appreciated!
Cryptoexplode, pseudonym for Mathphysmed Young

Thanks @haejin for the constant updates

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Nice posts
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please voteback..
thanx

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