SUMMARY
Rcoin (RCN/BTC) is getting ready....to break out of the Handle formation of the Cup & Handle pattern, as shown in below chart. Once confirmed, price should first tag 7,563 Satoshi as wave 3 and then 8,214 Satoshi for wave 5. The result could be 201% profit potential. This pattern is a classic, vintage bull case....I'm casting my buy ladder!
Well what do you know! The RCN/ETH has near exact same pattern. When inter pair sentiment is so similar; it lends greater credence to the projected bullish outcome. The target is 0.00148 ETH for wave 5.
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?
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Legal Disclaimer: 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.**