SUMMARY
Bytecoin (BCN) was recommended three months ago when price was about $0.0155. The below chart was used:
The current chart shows how BCN surged out of the Downward Pointing Bullish Symmetrical Triangle. This is how Elliott Waves provide the needed precision and the chart pattern confirms the direction to enable greater confidence for charting the future price pathway. The target of $0.0065 reamins solid!
Here is the BCN/BTC chart...PRICE EXPLOSION IMMINENT!! It's as we now know, usual, that the /BTC pair lags the /usd pair. Target remains at 0.00000265 BTC. Price is so close to the apex (the point at which the two white lines of the triangle intersect) that I can only imagine the pent up energy getting uncontainable to explode!
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
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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.**