PIVX: Could a Correctional Bottom be Near?
SUMMARY
The whole chart of PIVX looks very overlapping and thus a bit shaggy. I've included the impulse five waves. Elliott Waves states that after five waves, there is a requisite correction. This correction is often in the form of an ABC waves and in this case it's an Expanded Flat where wave B exceeds the origin of A. Expanded flats are more common in Cryptos than in Equities.
The close up using microwaves shows that the expanded flat has yet a few more waves to go. Since most likely waves A and B are complete, the C's five subwaves have 3 still ongoing with 4 and 5 on deck. What does this mean? IF this count is correct, a prospective bottom could be near.
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
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Tutorial on the use of Fibonacci & Elliott Waves
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Nothing matters but bitcoin. Until Bitcoin recovers all other cryptos will fail faster. The TA does not mean anything in this market.
You aren't a financial advisor... But your doing a better job than them! 😁
Lol. I believe most Financial Advisors telling people not to invest in cryptos are just going down the safe route. I mean, Google comes out and says we are banning crypto ads and the market falls, that cannot be predicted unless you had insider info about that news coming out. They don't want to ruin their reputation giving advice about this crazy market I think.
I agree with what, and it becomes information, I like his gratitude
this grite infection. I appcuite your. Crtycrrncy news ....
I agree with what, and it becomes information, I like his gratitude
Good Job
Keep it up...!!!
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@Haejin just wants your UPVOTES.
He don't care if you make any money on Crypto.