This thing is about to BREAK. And don't feel to pressured to buy in just yet. I don't feel a lot of pressure for it to bounce up right now. A true hard off of the 55 is still possible. I don't know how high it will get just yet, there may be a possible false break out. So watch the volume! But it's going up soon. Look at what the chart describes. Just by eye balling it, I think we are on course for a subwave 5 and we finished 3. But if this thing breaks with I will update on a wave count and give specific targets.
I noticed the lack of and nice little with a good support line at the 55 . I don't think it will go under the 3hr 55 until after this next outbreak occurs. I'm feeling very positive about this.
Alright, looks like this channel is going to match up well with Bitcoin's primary wave 3 up to around $20k
I expect it to retest the resistance and fall back to the support line. Good buy-ins in my opinion will ride along this lower support. But it's not going anywhere until Bitcoin is done. And yes, Alts will see blood when Bitcoin corrects, again. Longer-term (1 week) I still think this coin will ZOOM.
Hold UR HORSES. I'm seeing signs of a freaking rocket. There is a possible 5 wave confirmation from a C correction wave. We are getting bullish divergence and there seems to be a very small accumulation phase going on. It has spent "enough" time under the 55 EMA all while Bitcoin is losing juice.
IF this thing starts to take off and does NOT retest this new support line, then I think we are on our way for wave 1 and it's up from here.
I call this scenario 2.
Still really really pissing me off that this thing is not in USD on here. If anyone can find this chart in USD please let me know. I say this, because this thing has been fighting off the BITCOIN bug and has kept its value regardless of Bitcoin tanking. So if you entered in at sub 550 Sat, you really haven't lost anything, nor have you gained much.
So, that being said, I think we're on track of 1200 Satoshi. I don't know how much value added this will be, because I still see Bitcoin correcting for much longer. But with that being almost a 200% gain, there's no way in hell Bitcoin can retrace more than 100%. So expect at least 100% gain here if it hits 1200.
All I did here was a fib extension from the very first impulse wave and its descent. We've already hit nearly a 1:1, so I'll look for us to come short of a 1:1.618. SOS I NEED DOLLAR VALUE
I'm waiting for entry after Bitcoin hits double bottom. Entry should be somewhere along the lines of the bottom support. Probably couldn't go wrong with entry right now.
Long term I probably won't own this coin. I don't like coins with bad names. If the name sounds unprofessional I probably will stay away from it. That's all of the fundamental analysis you'll get from me.