Psy have a perspective on this market.. Bitcoin/Lisk 11:11:11

in #bitcoin6 years ago

It's not going to happen overnight. Interestingly enough the overall bear market trend for LSK:USD seems to end right on November 11th, 2018. 11, 11, 2018(2+0+1+8=11) 11, 11, 11 - @flauwy brought this interesting date to my attention. Ironic isn't it.

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Lisk does look like it is heading into down a bit more, with the overall market trend of course. Currently this entire market is influenced heavily by Bitcoin. It is #1 and has never been displaced. Until something like Lisk, EOS, NEO or Ethereum can at least displace it temporarily than the whole market will be dominated by the Bitcoin moves.

Screen Shot 2018-06-13 at 7.44.49 PM.png

A closer look into the LSK:USD chart - we are in a falling wedge, highlighted on the left with light blue. Falling wedges typically end with break outs. Psy have drawn some retracement charts and noted the 3 potential percentage gains.

Screen Shot 2018-06-13 at 7.58.53 PM.png

Screen Shot 2018-06-13 at 8.11.17 PM.png

The price range for the accumulation zone is $3.70- $7.30 with a average price of $5.40

The 30% and 45% gains are from entry points at $7.30 to the next two fib levels highlighted in pink. Also noted in Pink is where the our wave will meet downtrending resistance.

Screen Shot 2018-06-13 at 8.14.36 PM.png

Short term target $12.65

Midterm $20-$26.60

Longterm $53.53

The market will move again with Bitcoin

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Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin6367.910$-3.26%-16.8%
EOSEOS10.206$0.28%-26.42%
ETHEthereum479.145$-3.4%-21.21%
LSKLisk6.375$-5.46%-28.09%
NEONEO38.337$-7.76%-29.11%

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