BTC is following the plan and will likely finish this correction soon. It looks like wave a and b are already done. Wave b could need another leg up but not necessarily. Wave c down will be next. Everything is looking just fine.
The next update will be when wave c is likely done... Stay tuned...
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
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Unique TA on Steemit that doesn't assume the price will every time grow, thank you for it. I don't know advanced TA, but it's interesting to follow technical analysts to complement my personal fundamental analysis.
These days I don't buy anything, I even have sold some coins (assuming strong correlation among cryptocurrencies) - concretely LTC, IOTA and DATA and I will buy on price level about 70% of current prices.
According to your analysis, I should buy on the higher level...
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My opinion is that fundamentals are completely useless in cryptos. Otherwise dogecoin should not be worth more than 1 cent because it is a funcoin and only a funcoin without any use. I have several more examples proving fundamentals irrelevant.
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Thank you so much for your TA, I love how the news often follows the charts and not the other way around. I do think fundamentals are a major factor although not the sole driver of sentiment, otherwise BCC would still be $300 lol. Doge (fun) coin has brand recognition and the entertainment industry is huge so people are investing in trends. In that way Doge rising makes fundamental sense.
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I don't think so...all right, technical or psychological analysis makes sense in short but in the long-term majority of investors (or rather speculators) will recognize good coins and bad coins...and whoever won't recognize he will lose money...
I think we're in too early stage of cryptocurrencies to make a conclusions. In this stage it's all about expectations (it reminds me e.g. Tesla).
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I really like your visual representation of the alternate scenarios still in play. I found similar Elliott waves, so I enjoyed reading your post even more!
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Some weakness expected after good rise with heavy volume supporting the uptrend. Will be interesting to see what price does when it retests key resistance levels again up to $12k. Thanks for the TA!
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As always, thanks for this great insight @ew-and-patterns. It's really great that you share your opinion with us!
I see that you have a lot of delegated Steem Power, I was wondering if you would be interested in talking to me about how you got it? I am aiming to really put a lot in to the SSI, and will be bringing in some huge names in the blockchain industry soon, once I get enough support.
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It's from minnowbooster when it was cheap. It will run out in the next two weeks.
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Is it often cheaper when the price of steem drops?
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Yes. I bought when I anticipated a rising STEEM price.
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Extraordinary information friend thank you I invite you to support me in my blog I will be grateful greetings
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