SiaCoin (SC): The Extended 5th Wave Will Likely Not Allow a Quick Correction but Probably Force Time and Price Extension
SUMMARY
Siacoin (SC) has a historical evidence of a rounded price formation that took not weeks but 6 months, as shown by the below rounded price formation. The current ABC correction also looks about half done as a whole. The bear flag has also been active in generating lower lows.
The extended 5th will shown in below chart is quite massive and vertical. This type of move requires quite a bit of time and price churning in an illiquid Altcoin. While the liqudity maturity of SC is better than last year, I believe expecting a quick turnaround might be a bit premature. The final C wave is also likely to go more sideways as a wxyxz complex type. Likely not until late April that an impulse will onset to build the right wall of the rounded price formation.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
Very important updates. THANKS a lot for sharing.
Siacoin SC is interesting beyond its price https://siastats.info/storage_pricing
Make sure you downvote all of @Haejin's scammy post!!!
YOU CAN EARN MORE MONEY ON STEEMIT BY DOWNVOTING @HAEJIN
VISIT @FLAGAWHALE FOR MORE DETAILS
Price stuck in between weekly demand and weekly supply. Once we break the $0.02 zone and the $0.03 level (yellow line), buy on a pull back.
WE ARE THE RESISTANCE!
You are bullied by @GrumpyCat on your post.
@The-Resistance is here to stop this and protect the weaker ones from the tyranny of @GrumpyCat
Join our bot We-Resist to protect minnows https://we-resist-bot.herokuapp.com
Come to our house to meet with the community https://discord.gg/qMWCbWR
@GrumpyCat, to your tyranny WE-RESIST
The Resistance
Thank you mr.@haejin on his post, so I can know about his progress
I like your post
greetings from me @nunis
success will always be with you sir @haejin
please vote it ,,, because I'm new in steemi
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 130.31 SBD, based on the pending payout at the time the data was extracted.
If you do not wish to receive these messages in future, reply with the word "stop".