LISK (LSK) Update: A Sideways Correction Needs a Lower Low
SUMMARY
LISK (LSK/USD) has been correcting since early January and as can be seen in below chart, price has been going sideways. When price has no particular direction, the WXYXZ triple combination label is used (blue). This count shows that the blue Z would require a lower low and price is likely travel as a 5,3,5 zigzag. IF this is correct, there should be a bounce for an abc (red) retrace.
A more simplified labeling is an easy red ABC. While technically correct as shown by the subwaves, this ABC doesn't exactly address the sideways meandering of the price. Regardless, the terminal end of wave C also calls for a lower low. The five subwaves of C are shown in the white 1,2,3,4,5. The lower low is expected to coincide with Bitcoin's current correction.
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Hey! What's your opinion on McAfee's project called Skraps? I just wrote an article on it and it looks convincing. May want to keep it on your radar.
I have bee noticing Lisk on a general downtrend. I am a holder and I do believe that it's gonna bounce back gradually.
here is a post of mine which looks at a mock portfolio based upon cryptos that haejin said would go up, it also links to the portfolio. I would like to notice that the portfolio itself is not doing so hot and that if someone had put $100 in each of these cryptos (in January) then the total value of their portfolio would be around $250 less than what they spent. Haejin's past predictions were only considered good because it was a bull market where everything was going up and you could roll a super special 52000 sided die (each side with a different crypto on it) and chances were the crypto in question would rise in value.
So, HODL for sure but I would really recommend that you do not use the advice of Haejin.
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 207.64 SBD, based on the pending payout at the time the data was extracted.
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Vote to vote follow me 👆
I really could use VOTE from people like you.
i am not agree bro
https://steemit.com/blockchain/@cryptosingle/lisk-lsk-coin-upcoming-4-hot-events-march-2018
Doi you know about crypto coins? I am looking for other people to learn froms too. It's never good to just trust 1 person. You need info from many sources.
I follow you follow me please. And I upvote you everyday.
Last upvote here: https://steemit.com/@underworld24
I check the comments.
I could use some of those. I am very new to steemit. I am trying to save up so that one day I can have a LAMBO because of #HAEJIN.
Coins mentioned in post:
Found about your blog and I really love your analysis about some known and unknown coins. I am also a diehard crypto lover. Though i found steemit during January but it took me to some days ago to really know it usefulness. I am focusing my blog post around crypto and blockchain and I will be very super happy if you could expose some of my post that I include in the comment I will be making on your posts. I won't mind connecting with you personally either but I can clearly see you are a busy person but I can assure you, you have gotten a loyal follower. More success Sir.
Interesting Symmetry. It's a very useful tool that not too many people use.
It looks like a backwards N. Do you think it could stand for N. Korea? Like some secrte code from the Illuminatis or sumting>?
lol you fo'real?
Me like to make funny jokes once & a while. I am #Haejin Top Supporter. I come here everyday now & upvote all his post & tell those joksters to go away from his blog. I kind of like work for Haejin but for freee. I wish he would give me a few more upvotes. HE gave me a nice one then took it away. SADFACE :(