RISE Price Target $1.07 (282% Profit Potential)
SUMMARY
RISE is ahead of the pack with regards to starting a rise towards a new all time high potential. After putting in five waves (circled blue waves i,ii,iii,iv,v) in a "hurry up" manner, the requisite a,b,c correction was completed fairly quickly. Then blue wave 1 was completed as an impulse and the subsequent a,b,c correction to that blue wave 1 was classic "wait" speed. But, it did complete and so blue wave 2 was in. Then price did a geyser move. It shot upwards and marked the start of blue wave 3 which won't be meek or humble...it'll be a geyser!
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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.**
Very interesting observation: cryptos have personality traits.
Are these characteristics or symbols of the group which trade a specific coin?
Also, life lesson: the informed, the idiots, the innocent.
Also a very interesting coin!
Wow, EOS still going strong.
I think we will get used to saying that the next year. :D
One piece of feedback: including hyperlinks to the projects would be great. ;-)
Many thanks for this analysis :)
Hi Haejin, I watched this one spike live on Bittrex. Interesting all these coins have names like Rise, Vertcoin, Verge....(We're on the verge of something big , right?). I have a request for you to take a look at PIVX , and I'll buy you another beer with Litecoin. Cheers.
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Hopped in this morning on the dip. Charted a beautiful ABCDE triangle in the correction (It also lined up with the ABC correction) and it burst out of the triangle right on target.
It looks like Rise is currently in wave 4 of the upwards impulse (out of the retrace) if you want to hop in on the dip.
I don't know how good my EW technical analysis is, but when I saw things play out as they did this morning, it gave me a lot of confidence in my current RISE position.
Hey @haejin and everyone, read this .. it is a surprising intuition, and interesting incident and events that are occuring in the market that I have analysed.. RISE, BTS, OKCash, Verge..
https://steemit.com/bitcoin/@shrutisaagar/shocking-intuition-crypto-trading-investing-exponential-jumps-do-read-to-get-surprised-with-proofs
Hi Haejin, could you do a small quick update on RISE please?
Hi Sami,
You've been a long time reader of my blogs. I'll be happy to provide the update but can you post an Elliott Wave count and Pattern attempt? This will help you a lot. Thx
Hi Haejin,
Yep I agree!!
So I think!!! that we are on wave 3 (iii) - 1 complete, 2 complete, 3 (i),(ii) complete
RISE BTC Daily Chart
The A,B,C in white are my markings:
So a bit different to your original chart, but I do understand EW change through the process, thank you @haejin
Hi @haejin, Ok... bit of confusion, so as your ABC in white above is a correction after the 5 wave up, then are my markings correct below? Concerned about wave 2 position so close to wave 1.
Reason for confusion - in your video you say the ABC correction is done, but in your chart above the correction is different.
Would be great if you can point me in the right direction please.
As always, thank you! :)
ok... I've looked at this chart again, and I know it's wrong.. sorry.