SUMMARY
ByteBall! What a name! Can't help but chuckle whenever I get this coin analysis request!
Now, take a look at the below chart. Which one is Byteball?
You get my point. I want to drive home the "All the Same Market" concept. The very high pattern similarity is only because sentiment is very uniform throughout cryptosphere! I'm confident of this because the similarity index is being driven by three types of patterns: Cup & Handle, Downward pointing bullish symmetrical triangles and Jaws of Wealth broadening patterns. The fact that there are SO MANY of Altcoins displaying one of these VERY BULLISH patterns is also why I'm convinced that Bitcoin HAS NOT TOPPED! The Altcoins need to get their day in the sun and Hulk SMASH UP!
The below chart is for ByteBall which placed vintage impulse white circled roman numeral impulse of five waves. The purple red a,b,c represent the flat type of correction. Purple a,b,c are the subwaves of red wave a; the blue a,b,c are the subwaves of red wave b. I've also put down the five subwaves of red wave c. As you can see, there remains one more downer for circled white wave v. Then the green impulse waves should take price to new all time highs.
Talk about a "Hurry UP & Wait" syndrome for cryptos! ByteBalls is executing it perfectly. Observe how the white circled roman numeral impulse waves were completed with haste! Then the slow, drawn out correction which is FINALLY about to complete. Bullish on ByteBall! Now, when is the best time to ladder in? At the END of an a,b,c correction. Are we at that stage? YEP!
Please review these Tutorials on Laddering! and Buy/Sell Setups!. These books: Elliott Wave Priniciple & Technical Analysis of Stock Trends arehighly recommended!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - d2e60e9856c36f34
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
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.**