I think many will be surprised over Bytecoin this year. The chart is certainly promising - target 0.0000017858 btc!
Zoomed out we can find a bowl forming, and thus even more profits awaits later on.
Comments are highly appreciated, and if you profit from this chart, or enjoy my post, please upvote, resteem and follow!
I have learned this profitable EW charting by @haejin btw!
These charts are done at Hitbtc exchange's BCN-to-BTC pair .
If you feel like buying me a beer:
ETH: 0x478c06b33f2b03892dcbb03cd353defba356bc26
LTC: LQ3Jc2bq46Dc8FBkdDoDKtAtYp6mNdLDSa
BTC: 1NXnrq9WcF2BoL2dwAgNg85MZ2qiwN5e1j
BCH: 1GTzQYiTn2EqNt3YVp9LoCbzVvouHiHJAD
The price 12 hours later have taken out the subwave 3 and turned down for wave 4. Wave 3 was spot on target, 0.000,000,7500 btc:)
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So now, we stopped at 1000 and went down. Should I understand it as end of subwave 5 and beginning of correction before new subtle in wave 5?
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Actually I think this was the 3.green wave, just a bit extended. Correction now would then be the 4. green wave. Target for the last green will probably extend as well IMO.
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That would be nice! Let's see. :D
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When you zoom out and see the bowl forming. You zoom out in BTC, the value from the first half of 2017 might create illusion of the bowl forming. But I think you won't find it on BCN/USD chart.
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It is no illution, the chart is forming. Trying to not think of fundamentals and onl Elliot Waves and chart patterns here.
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Actually reading about sentiment in BTC pairs vs USD pairs in @haejin's XDN post made me thinking to trade more against usd.
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bcn will pop this year period
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But until it pops, it grows...
IMHO, whole market is up for the correction this year.
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