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RE: Spread Coin (SPR) Update: Short Term Target $0.60 (79% Profit Potential).
Elliott Waves states that news or events shall arrive to justify the forecast and never the reverse. This means news don't or events don't make the market but rather the market makes the news and events.
This also means that technical analysis begets the fundamentals and never the reverse. It's hard to believe or conceive this but as a TA, the biggest error is not understanding this.
Hi Haejin,
Thanks for all your analysis; follow them quite religiously on Twitter.
The Spread story is interesting given how badly battered it is despite most other Altcoins having gone up since the Segwit news came out. How do you play Spread now? HODL? Or sell and use that cash for another Altcoin?
I had analyzed this:
https://busy.org/bitcoin/@haejin/spreadcoin-spr-target-usd4-01-1-000-profit-potential-the-elliott-waves-are-form-perfect-for-this-trade