BITBEAN (BITB) Target $0.0185 (720% Profit Potential)

SUMMARY
BITBEAN (BITB) is analyzed using Elliott Waves and Chart Pattern Recognition. The below chart shows that BITB completed an impulse set of five waves (i,ii,iii,iv,v white). Elliott Waves states that after a five wave impulse, there is a requisite three wave correction. There are three types of corrections, a zig zag a,b,c; a flat a,b,c, and a triangle. I believe BITB is completing a triangle a,b,c,d,e type of correction and if correct, prices could surge. The first set of five waves (i,ii,iii,iv,v white) are sub waves of a higher degree wave 1 (blue) and the a,b,c,d,e triangle waves (red) are sub waves to a higher degree wave 2 (blue). After any wave 2 in an impulse is a wave 3 (blue). In an impulse, wave 3 is never lesser than wave 1, therefore at about 1.618 the length of wave 1 (blue); wave 3 (blue) would target $0.0185 or so. I storngly recommend you view the video analysis as it contains tons of details with good Elliott Wave introduction and other price pathway possibilities.

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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.**