Waltcoin Chain (WTC) Analysis: An Expanded Flat Combination Could Bring in $43.43 (144% Profit Potential)

in #waltchain7 years ago (edited)

SUMMARY

Waltcoinchain (WTC)'s correction can be encased into a symmetrical triangle labeled with abcde waves. IF this pattern is correct, then waves abcd seem complete with wave e still pending. However, once the full five waves are placed; breakout is to be expected. Two rounds of bull wicks can also be identified.

The blue circled abc waves show how this correction can be a corrective flat where the b wave is higher than the origin of blue wave a. Flats are often indicative of a correction that is intermediate in the progression of a trend. IF so, then a breakout would lead to higher highs and likely all time new highs.

Elliott Waves (white impulse) are drawn to project a probable future price pathway. The target could be $43.43 once wave 5 is placed.

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.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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Being added to Exodus should supply a little bounce. We'll see if it can sustain this rally.

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the post in question: https://steemit.com/ita/@stea90/start-mission-power-up-selling-my-cryptocurrencies-to-invest-in-steemit

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Thanks, very good post !!!!

Awesome Work!

Keep it up!!!

@cryptoinvestinfo

Thanks, very good post !!!!

Awesome Work!

Keep it up!!!

@cryptoinvestinfo

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So what you guys trying to say in real sense? That market will crash the more?

Do you guys think this is a good time to buy?
Great post by the way!

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