SUMMARY
No matter how much Trace Mayer wants to trash Bitcoin Cash (BCH), overall sentiment will be in control and not one person's opinion. Attempts to manipulate can bend or stretch the Elliott Waves; but the overall sentiment always calls the shots. Based on Elliott Waves, pattern and MACD indicator; they disagree with Trace Mayer.
The below chart shows a phenomenal rise in five waves and just like any other crypto; even Bitcoin, the correction was steep and long in time. However the breakout seems quite decisive! The corrective complex wxyxz (blue) waves seem complete. What's next?
Given that the MACD has broken out, it's expected to well support the coming five wave rise as outlined in below chart (white). I would like to see two rounds of an impulse to solidly confirm a trend reversal and the first round seems only done with waves 1 and 2. The remaining 3,4,5 should provide short term higher highs.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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Essay: Is Technical Analysis a Quantum Event?
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Trace Mayer is making a big mistake not getting on board with BCH. Bitcoin Cash!
Crazy vertical spike on MANA...care to analyse @haejin?
Also an update on Tron? :)
Here's my latest analysis on it:
https://d.tube/v/benkalashnikov/ialzn77q
Whenever you get a vertical spike like MANA just had 60%+ gains in lesss than an hour like Haejin says you should be running to selll becuase that is not sustainable.
Its gonna be hard to sustain that lol
Well, I’m not surprised. There’s a fork coming up in May, so the price is set to increase up until then. 👍
BCH fork ? Missed that what is it for ?
https://steemit.com/@thabiggdogg/found-ranchorelaxo-s-bitshares-account
I FOUND OUR STEEMIT MONEY
Account Opened December 19, 2017. @BernieSanders started the #FlagWars on December 20, 2017, because of @RanchoRelaxo's huge upvotes for @Haejin. Haejin & Rancho thought they could hide all this money. I found it. Now get it back. It belongs to us. The good people of STEEMIT!!! It belongs to all the people he FLAGGED over & over. @NED what are you going to do about this?
https://wallet.bitshares.org/#/account/ranchorelaxo2017
https://cryptofresh.com/u/ranchorelaxo2017
4/22/2018 Currently Worth At 0.26 a share: $5,660,146.0422
$5.6 Million FUCKING DOLLARS!!! That's OUR STEEMIT MONEY that has been scammed!!!
And we'll be sitting there for a while!
Always your opinions are very valuable. Thanks for the orientations.
Coins mentioned in post:
@haejin, the community is waiting for you to show love to them with your high steem power. 😎
Begging for love will at best only give you pity.
I was talking about the whole community not me in particular has you can see.
https://steemit.com/@thabiggdogg/found-ranchorelaxo-s-bitshares-account
I FOUND OUR STEEMIT MONEY
Account Opened December 19, 2017. @BernieSanders started the #FlagWars on December 20, 2017, because of @RanchoRelaxo's huge upvotes for @Haejin. Haejin & Rancho thought they could hide all this money. I found it. Now get it back. It belongs to us. The good people of STEEMIT!!! It belongs to all the people he FLAGGED over & over. @NED what are you going to do about this?
https://wallet.bitshares.org/#/account/ranchorelaxo2017
https://cryptofresh.com/u/ranchorelaxo2017
4/22/2018 Currently Worth At 0.26 a share: $5,660,146.0422
$5.6 Million FUCKING DOLLARS!!! That's OUR STEEMIT MONEY that has been scammed!!!
Thank you so much for this info. I'm learning everyday.
I welcome you to stop my Blog and view my artwork. I see that you are highly regarded here on Steemit platform with such a grand reputation. I aspire to be on your level.
Thank you so much for this info. I'm learning everyday.
I agree with you...
Please can you help me with some little steempower??
sometimes he should explain why the 3 and 4 is that much up (fib 4.236) there and not at the recent drop from 1150 level (feb 2.618)
LAS MONEDAS LO MEJOR DE LOS ÚLTIMOS TIEMPOS.
Decisive it has been. Price reacting to sell orders at $1300, but I think price once to move to $1600.
felicidades
BUENA INFORMACIÓN,GRACIAS
Great content i enjoy reading your posts. I am new to steemit so im still working out all the bells and whistles. I laugh at posts that people put actual feelings into because the crypto market is a business and business has no feelings.