SUMMARY
I have now been stopped out of SPR TWICE!! As a newbie many years ago, such would get me upset and emotionally wrangled. Now, these do not phase me in the least. Why? I follow my Technical Analysis and for Spread Coin (SPR), charts are showing an uber BULLISH outlook.
Look how the white impulse waves were completed as classic, vintage Elliott Waves. The subsequent a,b,c correction was definitely a Flat (3,3,5) type. I believe the bottom for wave c is in and if not very shortly.
When is the best time to buy? Those you have viewed my Tutorial videos on this should know precisely when to buy. The most ideal time to buy is at the terminal END of an a,b,c correction. So, is Spread Coin at the beginning of the a,b,c correction? The Middle? ""IT'S AT THE TERMINAL END!!** So, LADDER IN!
For anyone who happens to pour all their wallet into a single coin I recommend....NO BUENO. Newbies often do this because whether they know it or not, the "greed" sense compells them to take such actions. You must first consider DIEVERSIFYING your holdings. This will also allow you better chances to catch those projected altcoin explosions.
The cynics who have thrown negative jabs on my analysis in the comments most likely dumped their whole wallet into a single recommended coin that happened to correct or flick around and they probably didn't ladder in, either. These are the innocent and the idiots I often refer to. They are either totally ignorant that "greed" is driving them or just too impatient to try and learn Technical Analysis and prefer to shoot from the hips hoping to hit a profit. Such an approach is a surefire way to bring an account to zero or negative if dangerous margin is used. However, I extend my blog especially to them because I believe I can help and do no harm.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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.**