You are viewing a single comment's thread from:

RE: STEEM is Showing a Bullish MACD Divergence

in #steem6 years ago (edited)

I have a question Haejin. You've shown and suggested many times that Alt Coins suffer or have a trait of having incredibly slow corrections.
Other than noticing extended 5th waves on breakouts - why do you have have more bullish counts on some alt coins (STEEM, ETH, LTC, EOS etc) but others you're adamant that they need multi-month corrections for wave 2?

I was thinking that perhaps if they're in the "Top 10" market cap you can assume the liquidity is higher and thus would need less of a correction.
Correct me if I'm wrong but is it not a poor technique to base future projections solely on previous trends (Hurry up & wait syndrome)?

Coin Marketplace

STEEM 0.29
TRX 0.12
JST 0.032
BTC 63645.37
ETH 3067.90
USDT 1.00
SBD 3.81