WALTON (WTC) Analysis: A Correction approaches quickly and target retrace could be as low as $5.50 or so. Here is my analysis.

in #bitcoin7 years ago (edited)

Walton (WTC) is working to place the final wave 5 (black) if not yet already. The subwaves of wave 5 (i,ii,iii,iv,v) indicate that a top is at hand. Once the top is in, the requisite a,b,c, (red) correction will retrace most likely towards the wave 4 price zone. The retrace could end around $6 to $5.50 or so.

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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.

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I was just thinking the same thing today!

Every youtuber I follow has been talking about walton for the last 3 weeks. Unfortunately for whatever unknown reason I didn't buy in.

I decided to check it out again today and was like WHOA gotta see a pull back soon then I'll hop in.

Hope your TA is correct 👍

The youtubers often get into a herding mentality. This is because they all try and seek each other's analysis to compare to theirs and at the end, each one's analysis is both good and original and contaminated.

Due to analysis contaminations which always happen when comparing or scanning others', the good parts of their analysis become not very original and the original parts end up being not very good.

lol very true and well said!

Hi Haijen, Can you please do an analysis of Binance coin (BNB)?

I posted in response to your earlier request in comments. It's not yet a cup and handle as the handle needs to still form. Its called rounding bottom and often doesn't become Cup & Handle. It could form a seconf rounding bottom or breakout after the first.

Thankfully I was holding WTC instead of NEO and it did outperform NEO. I sold all my coins yesterday. Guess I'll stick with NEO and SNM for a while. Thanks for your insights @haejin

I figured this was coming

Great one mate