SUMMARY
KOMODO (KMD) belongs to the JAWS of WEALTH Altcoin Species! The pattern is uncanny with the two white lines imprinting the broadening pattern. The Elliott Waves outline the price pathway towards $6.42 for a 207% profit potential. The a,b,c,d of the a,b,c,d,e waves are complete and so the rise to $6.42 would complete the e wave, as shown in below chart.
The KMD/BTC pair belongs to the downward pointing bullish symmetrical triangle species. Within the larger triangle are two smaller progeny symmetrical triangles (blue lines). This is quite impressive as if the bullish outcome has triple support of three triangles. The white Elliott Waves outline the price pathway towards 0.00178 BTC target.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
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.**
Every time i have hope there always seems to be a let down with KMD... That big announcement they had a while ago looked like 3 guys in the back of a noodle shop, rather than a multi million dollar company.
dICO postponed because tech isnt ready... I just wish they took there time an delivered ! on expectations! No need to rush it
The project has a lot of good stuff. They've done impressively with Atomic Swaps. But the marketing just blew on their faces. What they are trying to do easily deserve more than @haejin's target. But their delivery is lagging. I really like their delayed-PoW which makes KMD more secure than BTC. KMD is the most secure PoW crypto on Earth thanks to a clever idea.
Hope so, have a close eye on how this first dICO goes!
I'm not watching it like a hawk. But I'm keeping an eye. They seems to be taking user experience seriously this time: https://blog.komodoplatform.com/announcement-we-are-delaying-the-monaize-public-dico-launch-to-allow-for-additional-testing-c4e60b4df5ee
So hopefully this will trigger @haejin's call and we'll see $6.42 KMD.
For me, Technical Analysis helps avoid the conundrums of fundamentals, events and news.
TA precedes them. This is why Elliott a Waves states news or events shall arrive to justify the forecast and never the reverse.
Hey @haejin, do you think GRS/BTC has a very similar chart?
Check it out below, I used support levels to try to map out the next impulse
And I labeled the previous impulse and correction accordingly. It also is forming and almost done with the same triangle patter KMD has... What do you think?
I think you already had a count on GRS, I don't remember it but if it wasn't this... what do you think about it?
Well Done!
Maybe way later. They are having lots of internal issues that won't be able to fix for a while.
Thanks for your hard work Haejin.
Very good post.
and very useful.
I have Resteem and Upvote your article for progress and forward together.
Steemit.
hey @haejin, is it correct to assume that the "jaws of wealth" patterns seem to be a way longer time to shoot up in oppose to other patterns like a simple downward triangle or a Cup&Handle?
I think they take longer, or maybe they're just longer term investments.
Also, On your laddering strategy post from 12 days ago I sent you a comment. Please check it out when you get the chance.
Lastly, does a cup and handle pattern ever get invalidated? It doesn't seem like it would or does, just wondering because (BTG) dropped a good amount and IDK if it goes low enough will it not break out??
Thanks! sorry for the long post
Hi Haejin, Can you please an analysis of BQX.
soooo many bullish Patterns, great to see you Keep us updated on most of them. Thank you for that. I have laddered in to CVC as I think its about to explode. Iam applying many things I have learned in your blog and came up with my Price target for wave 3. It puts CVC too about $1.20-$1.80ish (2.618 fib if extended). I was studying your TA on cvc with a Price target of around $7-8 on wave 3. I would be very greatfull if you could have an update on CVC if it fits into ur schedule. I have sold BCC too early and it stings. I would like to learn from this
Interesting wave and beautiful actually. What do you think of Rupee?
I really like your analysis, thanks for sharing them freely with all of us. Reading up on how to do TA as well, but will take some time for me. I had a request for you when you get time, can you again do a KMD TA? This was the most recent one I could find and its already more than a month old, can you please do another one for KMD please?
Nice post...
bcak me vote and Commenta...