SUMMARY
Rounded price formation is the most common amongst Altcoins and much of it is rooted in the lack of liquidity or network effect or Metcalfe's Law. It doesn't matter what form of liquidity; if it's a lack, then it will require a very time and price extended correction. The below chart outlines an event where the impulsive waves over accelerated and the resulting correction thus will require a price and time extended correction.
Even subwave placements indicate that the correction will likey require an extension in time. The most probable pathway will require the bottoming formation. When projected with such, would an entry ladder be cast in haste? Patience and discipline have no regrets. Forward discernment is a de-risking strategy.
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It seems to be a very long way before it goes bullish again. I'm hoping for bullish markets in April and in summer and I wonder how this one fares. I don't rely on the news since it's hard to pinpoint any specific cause and there's no point of prediction from them. They're just making people more emotional. This tech analysis worked for me before but I also can't rely on the symmetrical pattern assumption. We'll find out when we get there. Thanks for sharing your data points.
BitCoin is now the richest player
nice work friend
good post, Fall in the price issue may be the issue that got the bitcoin limitation standard, whatever the story because it really depends on the world sales...
Sir, Good work
😘Thanks
I wish you MAAAAAAASSSSSSIVVVE PROFITS!! #BitcoinToTheMoon
Very nice work done
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Nice @haejin
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wow is it time for buying?
Price of Bitcoin recovering
I have been thinking, when will the market get bullish? Though I believe it will, by April but it is just a speculation and hopes from us.
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Thank you for this post. it help me a lot understanding the dynamics and process. followed you so i can hear and read more of your informative post. thanks for extending your helping hands to newbies like me in this social media platform.
buying time?
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