SUMMARY
Where else can an investor realize a 99% profit in a little more than 2 months? Stocks? Nope. Bonds? No way! Only in Cryptos are such returns possible. The below is a chart I had posted on March 10th and it projected about a $13 bottom for the correction. Price declined to $13.10 before recovery 99.07%......not too shabby.
The longer term view of ETC shows that price has been and still is traversing within a definable broadening pattern. When price sits at the bottom trend line, I've coined the term "Jaws of Wealth" and it is very applicable here. Note how price bounced off the lower white trendline at near precision touch. I believe ETC is impulsing upwards and teh white Elliott Waves show the higher degree of trend towards the $77.237 target. Timeline is a bit unsure as the whole move can become vertical and very rapid.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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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Elliott Wave Counting Tutorial #1
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thanks for your good perspective
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Now that is a nice L$$king chart
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Good analysis
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sory to destroy the bubble you are good in this but what if you were wrong and it was -20%
no one can realy predict anything can happen
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Good post. I made quite a lot of money before the fall in January. Then gave money to my wife and she bought again after I sold. She bought eth at 1000$. Shit, I have to wait, but hopefully not long now.
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Thanks for the usual perspective
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Ethereum classic is a strong project. Good for long term investors
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classic is very good
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