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SUMMARY
TokenCard (TKN/USD)'s chart at first looks messy but this is when Elliott Waves and Chart Pattern Recognition clears it up. The chart below is a very nice a,b,c correction followed by an impulse of five waves. The rounding bottom goes well with the blue Elliott Waves and together, they could hit or exceed $4.13 or 190% Profit Potential.
The TKN/BTC is as expected, behind in price progression when compared to the TKN/USD pair. I'm now seeing the /BTC pairs lagging the /USD in just about EVERY altcoin! TKN/BTC has just completed its very long a,b,c correction and man was it long! Talk about a perfect execution of the "Hurry Up & Wait" syndrome! Still, if the TKN/USD pair's recent price action is a leading indicator, then TKN/BTC has some fireworks coming up!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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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.**
I've become a haejin addict...currently waiting patiently for my nightly BTC fix...don't know where you get your energy especially with all the travel you do...seems for a while now you have been seeing possible "explosions" in multiple coins...some have already begun their ascent...ETH and LTC seem to be following BTC's lead...IOTA finally had a pop...the "private" coins have all had a big run...most others are still in teasing phase...So I wonder if all the chalice of wealth moves are the result of a longer BTC rally or if gradually BTC begins to sell off with the money finding the altcoins...exciting times...thanks for making it more enjoyable and profitable....Go BTS...the dream continues...
@haejin. - resteemed
10k :)
Great analysis on TKN, thanks haejin for all your hard work.
@haejin, Can you please check out BCH and BTG? they seem to have dipped under wave one although it should be wave 4 finishing... what does this mean? could the waves be wrongly counted and the correct is the top of wave 5?
Please do POWR, looks like potent
What do you make of this crash? It's being delisted from Bottrex because of paperwork problems. I'm wondering if the price still holds. And it will be 4 days till the market closes there
exciting times ahead :)