QTUM Analysis: How many more waves to go?
The abc (red) correction was very deep but complete. With wave i and ii placed and iii already if not very soon complete, that leaves wave iv and v.
I've also labeled this as a potential Head & Shoulders Bottom. Note the Left Shoulder (LS) and the Head (H) which is pretty deformed, but it's ok. If the wave iv dips and contributes to complete the Right Shoulder (RS), then the Neck Line can be drawn. If this count is correct and wave v extends, the H&S pattern provides a minimum target of $23.02.
The RS needs to first form and price needs then rise above the Neck Line (green horizontal). Given waves i,ii,iii are placed, this scenario is probable.
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
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.
wow. i have faith in this one. you are a Legend sir. Sending some BTC your way for all your hard work. Keep an eye out. Enjoy the weekend my friend!
Thanks! I'll be posting updates throughout the weekend.
Always appreciated. Iv'e been holding Steem and RLC for a while now with great patience and am looking forward to when they finally make their big moves. I am hedging on the theory that BCC becomes a china darling, so your updates have been very great roadmaps. I am going to order the book you suggested and try and join the knowledge club. Cheers!
just sent and confirmed!
Thank you!
its looking strong
Thx haejin! Like your tech anlysis
Fundamentals are also good if anyone wants to check! This is a go!