SUMMARY
After an initial impulse of five waves (blue 1,2,3,4,5)Civic (CVC) spiked as high as $2 and since has morphed its handle formation into a larger downward wedge pattern. It could be in its final wave down to mark the red c corrective completion of abc. IF so, the circle represents a potential ladder cast zone and once the wedge pattern completes and becomes confirmed, an impulse wave would signal the trend reversal.
The CVC/BTC spiked to an impulse as shown by the blue waves. The current correction is likely to become a complex sideways type and a lower low. The exact level of the Z wave will probably be pegged to the BTC.
Legal Disclaimer: 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.
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When extraordinary things happen, extraordinary people appear too. Sr @haejin is one of them.
Yah he really is extraordinary.
This explains why Bitcoin dropped again: https://steemit.com/bitcoin/@investingtips/why-i-see-another-crash-for-bitcoin-and-the-general-crypto-market
And who cares about CVC at this moment exactly?
CVC itself is not required for their system, so it's a token to get money for their founders. See the structure during the ICO.
Damn... you really know a lot about charts!!! Go for it, most of your predictions end up being right! 👌👌
Just don't look at the one a few weeks ago saying its going to $11.
Sorry but if you only count the hits and ignore the misses you end up with bias results.
Just started following him 4 days ago... but thanks for the advise
Wow, cvc update(shocking)
@nikko2192
your statistics are very useful
Yeah baby!
YEAH MAN
THATS WHAT AM TALKING ABOUT
Thanks for the TA @haejin!!!
One of my favorite movies!
It’s happening...
what I wanted to hear
The whole post are very informative.I know about crypto.I hope many dream from it .
Thanks for giving such a news
Feel the burn! Those alts you didn't get out of before the crash.
thanks, for sharing sir @haejin
I think it is a very appropriate analysis. Thank you.
Thank you so much master Haejin for this update!
greetings and good post ,,,, as always giving my support I wait for you in my blog to receive yours, thanks
I hope this is correct. I am a huge fan of the protocols that the Civic (CVC) team have brought to the blockchain world.
"There is seldom any clue given on the one chart containing the Triangle to tell in wich direction prices are going to break out of the pattern until that action finally occurs" - Chapter eight: Important reverseal patterns : the Triangles (TECHNICAL ANALYSIS of STOCK TRENDS)
Yes, that's why I combine it with Elliott Waves. The two often resolve such situations, but not alone.
I am going to buy CVC @ .25 cents
Esperemos a ver lo que pasa.