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RE: BTC update 05.07.18
I have it too. The risk reward is insane @ 16 cents and below. But I would not be too greedy when it comes to coins that are just worth a few cents. Some of them will go through the roof, but not all. Chart pattern looks like a cup @ 1 $ could happen.
Do you mean when it hits $1 that would form the pattern to rise from there OR you mean the cup pattern would potentially take it to $1?
Could take it to 1$, then I expect a correction for the handle of his cup.
I understand, in EW traditionally is there an upward movement expected after completion of the handle ?
It is a chart pattern which has nothing to do with EW. But yes after the handle the upmove is expected to continue. But we know from some examples that handles can retrace very deep in cryptos, so I am goona take profit a little below the alltime-high unless it just explodes up. if it's shaky around the ATH I am going to sell.
Ah I see, I saw someone else’s chart recently.
Their thoughts were similar up to around .70 then down hard to around .09 then after completion of that correction up massively..I know Haejin previously had a crazy long term view on it! I don’t follow him anymore however..
I do enjoy your analysis I must say 😊
Thanks, check out my new post.
Ah will do..