WINGS Broadening Pattern Shows Next Step Potential to be Up
SUMMARY
When price is sitting on the lower support line of a broadening pattern, I've coined it as the Jaws of Wealth. Why? Price moves in an ABCDE format and WINGS/USD is currently about to complete the ABC (red) subwaves of the red D wave of the pattern. This D wave is expected to terminate at or near the lower blue line. The next wave to expect after D is E and that destination is pretty high up on the upper blue trend line.
Wave D is not yet complete. The subwaves show a ZigZag about to finish as shown by the ABC (red) and subwaves. The final five subwaves of the C wave shows that the 5th could have just been initiated. Let's see what happens once this wave completes.
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Great
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I know you support TRX, it's a great project. What about OCN? It's due for a breakout along with TRX.
Thanks!
Great post! folow @bitcoincwb!
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Coins mentioned in post:
Go ahead
Are these analysis really going to work.?? Some people say that 40% of Bitcoins are in the hands of only 1000 people. So they can drive the market in the direction they want. These analysis generally work for stock markets because of high volumes but for cryptos....I don't know
Interesting. Can you elaborate?
Unfortunately I too don't know much about these technical analysis tools... yesterday I have seen a post where this discussion is going on....
I don’t daytrade. The only secret to making $1 Mil by day trading is to start with $2 Mil.
Wow this was really helpful :)
Thanks
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