SUMMARY
Dentacoin (DCN) chart shows a part of a correction that almost goes flat and near horizontal price travel. This is common in Altcoins and is also an attribute of how they slow down the correction to a snail's pace. This type of price basing was a common sight ahead of the December 2018 impulse rises across the Cryptosphere. That basing is repeating this time again because it's the only way Altcoins that are immature in liqudity know how to correct. This is also the reason why there is a degree of commonality in patterns. The below chart shows a bowl pattern and this correction could last into mid May.
How could such a corrective price basing be labeled by Elliott Waves? It becomes a sea of complex combinations and abc subwaves. This is because price basing is effectively a sideways movement that can travel for months. The below chart shows a snapshot of a wxyxz as subwaves of higher degree wxyxz which are subwaves to an ABC overall. Even this type of correction has an end and that is often marked by the midpoint. I believe that midpoint is around now. At arund 2/3 completion of the second half of the basing, price is expected to start impulsing and these will be very rapid as per the Hurry Up & Wait syndrome.
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.
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Elliott Wave Counting Tutorial #1
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If you look at Altcoin prices recently, is not this all a hope for everyone?
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I am agreed with you sir. I have a little investment in denta coin and hope it will performs better thank you
Totally agree. There are weekly buyers at 0.04 Btc. If price can bounce off that level, 1st target becomes 0.17 Btc. However, we a a little bit of resistance at 0.10 Btc to overcome first.
You are talking about a different coin.
Haejin post is about DCN dentacoin.
Your chart is DNT district0x.
"Totally agree" :D
So many stupid fucks here!!!
My bad...lol
ok
I've seen before, but I have not found it
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Join @FlagAWhale if you are tired of him stealing your #Steemit Rewards
Yes. Ok
Excellent post.please upvote me please.
Good
@Haejin You do not provide any entertainment. I brought you some.
Dear @haejin
You have been flagged via the flag-a-bitch app. The reason is you have been found to be Raping the reward pool with a rate of around 2.133% of the reward fund. To add onto this, your TA's are so horrible that a simple check with a mock portfolio will provide a negative value.
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Thank you!
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@starjuno and @haejin are most certainly not duplicate accounts. Why is it so hard to believe that some people like @haejin's TA, and some of those same people have been quite successful and own a lot of STEEM?
I think you'll find most peopple shouting reward pool rape are jelous people bitter at the fact they arnt earning much or people who havent quite undestood the whitepaper
Having had interactions with a few of them like @thabiggdogg or @berniesanders(prick destroyed my rep for simply asking a question about his actions) it doesnt suprise me they certainly dont come accros as inteligent people
@Haejin You do not provide any entertainment. I brought you some.
Oh look, a troll loves other trolls.
He's a crossbreed of a troll with a yorkshire terrier carrying rabies on top
10 votes thank you thats more attention
Than i normaly get!
Get a life loosers!
And look its the BullShit goon squad again!
What happened to your leader did he go hang himself?
Would be good news!