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SUMMARY
Qwark is a cryptocurrency that strives to be the "Smart Money for smart people." From a Technical Analysis perspective, QWARK is a BUY! It has a Cup & Handle and could now be completing a second one. When combined with Elliott Waves, a target of $0.566 or 2.53x Profit Potential.
QWARK/BTC is as bullish and as expected, a bit behind the QWARK/USD pair in price progression. The below chart shows a bullish downward pointing symmetrical triangle is about to be breached at any moment and the Elliott Waves map out a probable price pathway to 0.00009116 BTC or 4.56x Profit Potential.
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: 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.**
God everytime you post I have to convincr myself not to swap invrstments to your newest post. Such great posts. Can you do an analysis of REQ? Debating whether I should hold it or put it ARK or IOTA
brother your post is so cute
There seems to be a common pattern, in which bullish alts are hyper bullish on BTC pairing. This is bearish BTC/USD, is it not?
I don't think so. It simply means that the /usd cycle is ahead of the /btc cycle. This is why perhaps the usd/cycle coudl be used as a leading indicator for the /btc cycle.
Got it. Thanks, Coach.
Your coaching has very clearly saved me from a colossal mistake. How nice to able to learn the lesson without the pain. I have a lovely basket of popcorn - 24. I can hear them popping now.
Interesting analysis about this cryptocurrency.
Fantastic post thank you for sharing.
this is a longer term hold than eh? seems to be about the same as STEEM for time wise?
Well done @haejin! Congrats!