SUMMARY
On February 26, the below chart of Monaco (MCO/BTC) pair was posted. It projected an abc (red) correction that had a potential of completiong and thus a trend reversal as noted by the impulse waves. It had also been generating a higher low for wave 2 which confirmed a potential trend reversal.
The current chart shows that price zinged to tag as much as 454% PROFIT!! In just over two months, where do you get 454% profit? So, what's next? I believe the impulse will continue, primarily because the MACD is still poised and coiled to breakout and sustain it. The blue wave 5 target is 0.0062133 BTC which would provide MASSIVE profits!!
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
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
to the moon baby! to the moooon!
Coins mentioned in post:
You're the best !
Thanks for this. God bless. Am new to steemit and bitcoin too
Great article! Resteemed.
I remember when MCO dropped their deal with visa and the coin plunged. It was time to buy. Great platform and project.