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SUMMARY
ReddCoin (RDD) is setup! A Red HOT Bullish SETUP! After placing five impulse waves, RDD/USD is nearing the completion of its correction and Cup pattern. Now, the handle is next, most likely. If so, this could coincide with wave 2 and so a good time to ladder in!
Here is the RDD/BTC pair...this is a VERY BULLISH setup! The price is at the Apex (the point at which the two lines of the triangle intersect) and it's ready to POP!!
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.**
Looks like another great set up!
Love it
It's on the Move !!!
maybe someone can answer this for me?
Im a little confused when it comes to BTC vs USD in trading....
If you use BTC to invest in ALTS .... When the ALT goes up I see that BTC is down.... Which means that if you sell back to BTC you have to wait for BTC to go up... right? IDK for sure, Can someone please explain this to me?
So for example... Buying EOS with BTC ( EOS/BTC )
When EOS goes up you make more BTC.... but them BTC went down... so did you really make money? it just depends on if BTC didnt go down as far as EOS went up.
How about buying with BTC... then selling the ALT for USD ( when available )
THEN buying BTC OR ALTS when ever they are at the lowest??
Again, Im not sure about all of this, can someone who understands it better please explain it to me?
Thanks!
@haejin , @Solisrex, @Scarlet7
Hi @cryptosuf,
In my opinion, it's better to focus on increasing the amount of BTC we have because in the long run BTC as it has already proven will keep going up for years to come if Crypto Currency stays there.
If bitcoin won't go up what's going to go up in Crypto world?!
People who are new to Crypto Currency what they hear about is BTC and the way to get into Crypto Currency is mostly by buying BTC.
Altcoins can be used to increase your BTC balance or if they're good ones they might survive and with BTC going up it will actually take all the altcoins USD value up.. But is this what you want?.. or focus on increasing your BTC which can be worth more than $100,000 one day?
Again, this is only my humble opinion!
All good information and the community helping each other to make more :)
thank you very much
You're welcome :)
Personally I just stick with USD value as a primary measure of my performance. I look at BTC as a secondary pat on the back when I beat its performance.
Just forget about Bitcoin.
More % gains with altcoin.
Doesnt matter what you gave up to get an alt coin, all that matters is that you have X amount of a certain alt. Then that alt will have price in both BTC and USD. If youre a USD based investor simply check USD price of your alt and see if you can now get more or less USD in exchange for your alt. Its as simple as that.
nice i've been buying and staking rdd
RDD was the first crypto trade I made from buying Bitcoin. Made 50% within a few hours. Never again though, junkcoin. If you want a cheap coin that will rise, try Cardano (ADA). It’s the roughly the same supply as Reddcoin but with a marketcap of 207,682 BTC over RDDs 2,868 BTC.
I've seen over and over some junk getting pumped like crazy. BTC is the best example of them all. RDD is a piece of garbage trying to ride on social media networking. Guess what, NEM is coming to WeChat. That's about 900 million active users who are already used to pay with the app. STEEM is a social media with its own currency and BAT and Brave browser allows you to reward content creators while paying you for watching ads while blocking ads and trackers from 3rd parties. RDD barely has a future. But cryptos are new. So if @haejin calls bull, it would most probably go up.
First! Thanks @haejin
This is a fantastic post...loved it. I have a fair share of reddcoin....hope it pops soon
All my REDDHEADs...It's about to get real...the waiting is over...let's get it...Crush that Upvote button for maximum impact...
Very useful information.... now lets hope for some more up action one more time !!!
Thank you
it's making a move !!!
Thanks haejin for the great TA as always...just realized i wasn't on 100% power up this whole time..sorry friend...will make up for lost time...cheers
Hahaha love you man. We seem to like similar coins xD appreciate your work.
Been waiting for redd.
Better hop onboard boys and girls, look at the price action!
Owesome man RDD profits started today!
Good post. I just started a position with ReddCoin earlier this month. Recent days show increased volume, better overall price action. I keep accumulating more. Only a matter of time and ReddCoin should have a nice spike.
Thank you Haejin for massive profits!
lots of cryptocurrencies are slugging it out with BTC. Bitcoin remains the biggest coin.