SUMMARY
LEND/BTC looks poised to complete the correction. Bear in mind that for ALL Altcoins, the first abc is often NOT the end point of the correction. The first abc is often too quick and thus expect price to move sideways; thereby extending the time consumption.
The below chart shows an impulse set (blue waves) followed by a zig zag abc correction. Whenever wave A of a correction has five subwaves, it's a ziag zag type which differes from a Flat whic has 3 subwaves for wave A. Wave C is subwave labeled with blue and while wave v could be in; there is probable lieklihood of a one more low.
Here is LEND/ETH and it looks near identical. Likely the holders of BTC also hold ETH and so the sentiment uniformity is not surprising. The ETH pair chart is depicting the same analysis: correction completion is not too far away.
Legal Disclaimer: 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.
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I sold my LEND when the price was still good, so made a profit of it, and bought into other coins while they were really low.. now waiting for the coins to go back so I can do some more trading.. Successful trades help me build my holding without investing more fiat at this time.
Pepperoni
I think this is a double zigzag, not ABC
항상 유익한 자료 감사합니다
Good Work Sir!
upvote here yes once
Useful information for me and everyone, about bitcoin, thanks for sharing
Great analysis! Love the post!
I bought it in 0.02
BTS?
Yes it could be great ...
I see it Craaaaashing ... I'm afraid it will go even lower and given I put 5 times what I put in a coin I do not really want to buy more ... or only if it goes reeeeaaaaaallly low, like 1000 -1500 sat ... and I think it will ... but I'm no experienced TA ...
thanx to share with us.
help to upvote me
Bıkmadan usanmadan paylaşıyo mq adam.
Very interesting and helpful postings, especially beginners like me. If possible, I want to absorb knowledge from you from my friends. thank you very much for that all
how can I get this indicator?
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Any update on this? It has dropped since the analysis - do you still see the analysis as valid?
Its a really valuable information. Its helpful to the steemians. thanks for sharing.
That would be nice. Ready for the correction to be done so I can buy. LEND is cool. I got some as a surprise airdrop in my Eidoo wallet. It'll be something I watch closely now, and I look forward to buying some outright.
Nice analysis. Could you do an analysis on XRP/BTC, BTS/USD and ETC/BTC