SpreadCoin (SPR/USD): Is NOT a DEAD COIN!
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
Thanks Philakone, always good to see another Elliotician!
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!
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
I like spread, like my portfolio 😃
we need a steemcoin!
@Haejin can you please do a chart on music coin (music) thanks :)
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
Thank you sir :)
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.
Do you have the direct link for that thread?
Sure I do: https://bitcointalk.org/index.php?topic=1045373
you are right is not a dead coin...well detailed information
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?
Having cash at hand from profits is ideal to enable one to buy the corrections.
Bought some more BTC couple hours back! makes you feel better about a correction for sure!
It will go moon