SUMMARY
TokenCard (TKN/USD)'s chart at first looks messy but this is when Elliott Waves and Chart Pattern Recognition clears it up. The chart below is a very nice a,b,c correction followed by an impulse of five waves. The rounding bottom goes well with the blue Elliott Waves and together, they could hit or exceed $4.13 or 190% Profit Potential.
The TKN/BTC is as expected, behind in price progression when compared to the TKN/USD pair. I'm now seeing the /BTC pairs lagging the /USD in just about EVERY altcoin! TKN/BTC has just completed its very long a,b,c correction and man was it long! Talk about a perfect execution of the "Hurry Up & Wait" syndrome! Still, if the TKN/USD pair's recent price action is a leading indicator, then TKN/BTC has some fireworks coming up!
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!!
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
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.**