SUMMARY
Previous update on Black Coin (BLK/BTC) had shown the two very large wedge patterns as shown below. However, since then, price has broken out of the blue second fractal wedge and generated a smaller wedge shown in purple. As most Altcoins have certain personality features, this symmetrical triangle propensity is clearly an attribute of Black Coin. Price needs to now break out of the purple wedge and that could happen anytime.
A close up shows the impulse (white) waves that took price out and above the blue upper line of the larger wedge. The smaller purple wedge pattern coincides with the the wave 2 of a correction following the white impulse waves. I've added the subsequent five waves that would enable price to generate the onset of wave 3 up. So, a decisive breakout is needed yet again but at a smaller scale.
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Hi @solisrex,
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Besides a sexy chart and the fact that it's an early POS coin... can someone explain BLK's use-case in terms of fundamentals?
im expecting a breakout with all the coins soon
Please update on $DNT breakout
Photos are very good and attract attention
Black coin sounds amazingly interesting to me
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Thanks om gonna check this out.
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breakout! unexpected but so good in the end.
lol
Blackcoin seems pretty underrated, one of the older cryptos it’s one of the first Staking coins you can earn interest on. It’s wallet works amazingly as well as performs very well since so many nodes are staking. TA wise looks like a great entry laddering on wave 2
Hope to see a sizable pump like vertcoin had.
To me it looks like it is rejecting these higher values.I'd feel more comfortable if we retested the 3476 satoshi level before putting any buy orders in
Thanks @haejin for the constant updates
I think blackcoin may have potential, I'll check it out. Thanks for sharing!
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I've followed your Youtube posts! Excellent content as always. Thank you for educating others. You are appreciated!
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Nice posts
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please voteback..
thanx
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