SUMMARY
Following a meteoric 2,140% profit rise from $0.19 cents recommendation point, Spread Coin (SPR) has taken just as large correction which is still in progress. The blue waves show the near vertical uprise with white wave 5 being a bit extended. The deep correction is NOT because SPR is a dead coin; but rather an abc zigzag retracement is often the result following an extended wave 5. To demonstrate this, I've labeled the micro degree of trend (daily scale) as well as the submicro (subdaily degree of trend) waves. Given the current stage of the correction, the latter end of the subwaves of red wave C is in progress. If price is completing or already has put in the wave 3 of red C; then that leaves wave 4 up and a wave 5 down scenario as upcoming. I believe the bottom is nearby.
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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https://steemit.com/bitcoin/@philakonecrypto/bitcoin-btc-feb-1-in-depth-fundamental-and-technical-analysis
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Thanks Philakone, always good to see another Elliotician!
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One of my followers mentioned you positively earlier today, and I've seen you be helpful here before, so I'm now following you. Thanks!
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thanks for the info on Spreadcoin.
I tripled my money and now I am buying back in @ .36 cents.
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Great analysis - that makes sense. The techchat team recently wrote an article about why the crypto market is down right now... It's explained in the link below if you're interested!
https://steemit.com/bitcoin/@techchat/why-the-crypto-market-is-down
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I like spread, like my portfolio 😃
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@Haejin can you please do a chart on music coin (music) thanks :)
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Here is the analysis for MUSIC, please use only to augment your due diligence.
https://steemit.com/music/@haejin/music-usd-big-and-detailed-scores
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Thank you sir :)
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Haejin, your upvote matters. Literally. Into crypto abundance. Something this up and coming rapper sees in you. The power, the gift, the significant click, that is an upvote, from haejin. Oh Great Haejin. Please take good care of this platform.
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Do you have the direct link for that thread?
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Sure I do: https://bitcointalk.org/index.php?topic=1045373
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you are right is not a dead coin...well detailed information
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I have a newbie question about the current bitcoin correction. Would you hold, or sell and buy as it goes down to increase the amount of bitcoin you have?
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Having cash at hand from profits is ideal to enable one to buy the corrections.
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Bought some more BTC couple hours back! makes you feel better about a correction for sure!
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As long as a coin have a developer team that care for its improvemente will never be dead, it might go letargic, but at some point all the hard work done during the lethargic state will come up, probably like an explosion, or like a slow baloon, but the further we go in time, the more likely to succed with an altcoin.
Nevertheless somethimes suck being a bag holder.
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It will go moon
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we need a steemcoin!
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@haejin Dear Sir i have a question i want to know that Sbd is Going Down Is it good to wait for it ?Is there any chance it will Go up again or we need to change Our Sbds To The steem and the steem will Go high Please Guide me Sir thank you !
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There is a warning at bitcointalk.org about trading or investing in spreadcoin, as it became a Pump and dump in the hands of a few people.
https://bitcointalk.org/index.php?topic=1045373.0
The warning is dated January 3rd, 2018
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Hmmmm
I just don't know.
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I was not dead, I was partying ...
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I brought Spreadcoin when it was $4 now it is available at maximum discount, time to buy more the crypo bloodbath still continues. I think now I am back to where I had begun.
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Congratulations @haejin, this post is the most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 408 and the total pending payments to posts in this category was $12058.31. To see the full list of highest paid posts across all accounts categories, click here.
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Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 311.93 SBD, based on the pending payout at the time the data was extracted.
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@haejin, can you please comment on the head and shoulders pattern for the entire crypto market?
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Hey there - he already did mention that as something to keep an eye on in video in this post https://steemit.com/bitcoin/@haejin/bitcoin-btc-morning-update-an-alternate-count-to-consider-with-potential-for-wider-implications (somewhere around 15:00).
But I'm also curious what @haejin thinks of it now. Price painted nice H&S, but it looks like right shoulder is not confirmed by volume.
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Thanks for the help!
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