REDDCOIN (RDD/BTC): Could Target Prior Wave 4 level

in #bitcoin7 years ago

SUMMARY

ReddCoin (RDD/BTC) has more than one way the price waves can be counted. The below shows my primary count and it is mostly corrective. The red abc means that C is like to be lower than red wave A which had already retraced deeply. The subsequent B wave was viewed by many as the new rise towards all time new highs; however red C has turned out to generate a lower low. The subwaves of C wave are shown in white and it likely tage the prior wave 4 level. Bear in mind that the direction and pattern could morph and any analyst needs to be at alert for that. Should the bottom be as near as suspected, the first sign of a trend reversal would be an impulse of five waves in the upward direction.

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.

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?

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I like RDD would like to buy more at .001 again.

What a buying opportunity!!! Anyone who gets RDD for 40 satoshi is going to be happy with a 1000% return!!

i'm in this and i believe in these guys

Based on what? Their platform? Their social media site? Or their post from september the 6th 2014.
OPEN YOUR EYES

REDD-ID & the highly innovative wallet that will make other wallets look old. Reddcoin has what it takes.

What do you mean by 1000% return

RDD = 400 satoshi is possible.

Reddcoin is a scam! Just read this as it is placed on their own website:

By laudney Posted on September 6, 2014 in General, Tip Platform, Wallet

Dear fellow Reddheads:

It’s been a month since the successful launch of PoSV, which marked the end of stage one of Reddcoin project. There were three main goals for stage one:

fair distribution of Reddcoin to common users (tipping), miners (mining) and investors (IPCO).
an innovative algorithm to secure the network and encourage ownership, participation and decentralisation (PoSV).
to build out a team of super talented and trustworthy developers.

The three goals have all been achieved so it’s time for us to enter stage two: the buildout of services to make Reddcoin actually useful.This is what Social X is meant for.

reddcoin is dead coin...

Your Loss. lol

I think it is still uncertain to know what happened, personally I think we should wait for another wave. @haejin that you could do a TRON (TRX) analysis please.

You are very effective with your opinion.That is very useful information.Thank's a lot.@upvoted and resteemed

Let's wait for the market to stabilize again and the alcoves begin to recover their valos.

Looking for some up movement across the whole market.

DGD NOW buy at 0.042, and sell more than 49, try

Can we expect another dip?

Yeah thats a pretty good analysis. Good buy from 40 satoshi.

I’m stacking some more RDD this evening too :) what a great time for buying