QTUM: A Complex Correction Nearing the End

in #bitcoin7 years ago

SUMMARY

QTUM is an model Altcoin with regards to corrections that just takes a very long time! I'm certain that many might have thought the initial red wxy was the probable end of the correction but given the nature of Altcoins to drage their feet, this sideways price movement was well extended. I've labeled it as WXYXZ triple combination with the Z as a triangle candidate.

However, IF Bitcoin does a lower low, the whole Cryptosphere will follow and so lowering the Z as shown below makes it the next alternate count. The blue abc of Z would extended as well.

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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Tutorial on the use of Fibonacci & Elliott Waves
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Congrats on 20000 followers...I think a good indication on the Bullish world of Crypto is how fast your followers are increasing...when I started following you, you had around 1500 :)

Your meme is making the lives of the singles difficult by ten folds. :)

QTUM HOT!

Thanks for the info Haejin,
I am ladder down buying QTUM @ $14 / $10 / $7

Thanks for the info. This is one to watch.

going back to 80 dollars soon

I agree, get it while you can at this price

Thanks. I'll be watching this to see how it plays out.

With QTUM having a satellite in space to enhance security and making data "unhackable" and also being from China, I can see QTUM going to the moon after this correction!

Great post!
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Much love viking333.

Thanks man good stuff!