I think many will be surprised over Bytecoin this year. The chart is certainly promising - target 0.0000017858 btc!
Zoomed out we can find a bowl forming, and thus even more profits awaits later on.
Comments are highly appreciated, and if you profit from this chart, or enjoy my post, please upvote, resteem and follow!
I have learned this profitable EW charting by @haejin btw!
These charts are done at Hitbtc exchange's BCN-to-BTC pair .
If you feel like buying me a beer:
ETH: 0x478c06b33f2b03892dcbb03cd353defba356bc26
LTC: LQ3Jc2bq46Dc8FBkdDoDKtAtYp6mNdLDSa
BTC: 1NXnrq9WcF2BoL2dwAgNg85MZ2qiwN5e1j
BCH: 1GTzQYiTn2EqNt3YVp9LoCbzVvouHiHJAD
The price 12 hours later have taken out the subwave 3 and turned down for wave 4. Wave 3 was spot on target, 0.000,000,7500 btc:)
So now, we stopped at 1000 and went down. Should I understand it as end of subwave 5 and beginning of correction before new subtle in wave 5?
Actually I think this was the 3.green wave, just a bit extended. Correction now would then be the 4. green wave. Target for the last green will probably extend as well IMO.
That would be nice! Let's see. :D
When you zoom out and see the bowl forming. You zoom out in BTC, the value from the first half of 2017 might create illusion of the bowl forming. But I think you won't find it on BCN/USD chart.
It is no illution, the chart is forming. Trying to not think of fundamentals and onl Elliot Waves and chart patterns here.
Actually reading about sentiment in BTC pairs vs USD pairs in @haejin's XDN post made me thinking to trade more against usd.
bcn will pop this year period
But until it pops, it grows...
IMHO, whole market is up for the correction this year.