Coin went crazy last few days and finished last wave. It has to correct a bit now to continue further up-rise.
Entry levels based on last wave.
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Solid game with on-going development, coin is expected to retrace up a bit after dumping together with most alts. Buying around the green zone is good for longer hold. Game: beyond-the-void.net
Alt market has bottomed, vertical momentum is now turning into horizontal momentum and when these coins are done consolidating expect bigger pumps! We will see some huge retracements again like early alt-market bloom, not as high but certainly a good percentage. SC currently trading at 65 and expected to go to 150-200, that's +100%-300%. Way more gains than...
Currently in final wave III, which will likely end between 2800-3100. Going short at 3100 with large position looks like an ideal plan.
Bitcoin is still not fully functional for micro payments whereas litecoin offers lower fees currently and faster transaction times. They both have a history together and litecoin is left behind pricewise. Personally I think it's price is a bit low compared to other coins and has some room to grow. Let's see where the future will take this.
12241 USD would be the 1.886 extension like it has repeated twice already. This would be target is we break up in log channel.
All in nature resonates in ratio's and geometry is my tool to reveal the secrets that govern it's growth.
The symmetrical pitchfork where bitcoin's trend plays in. This chart is to give a better understanding which trends being respected, hope you find it useful! :)
New way of Technical Analysis based on radial ratio's, angles and more.
Currently there are two major perspectives, either that we topped of at our current ATH, thus setting is in a deeper correction towards 4700 level or that this large wave was only wave 3 and there is still one more wave to come (bringing us between 6600-7300). What worries some is that bitcoin is slowly becoming more centralized (Goldbug has a great read on...
The future is an echo of the past. Understanding how time works, what patterns repeat, within what bounderies reality or trading plays is key to predicting the future. TA is not a golden ticket to know the future, it is an excellent tool to provide us with a good rational idea of where potential resistance and support in the future may lie. Apply some probability...
If we don't make new ATH this chart should stay valid. The time levels will stay relevant nonetheless.