SUMMARY
I shall christen Black Coin (BLK) as the "BASIN of WEALTH"!! Check out the wides, longest Cup & Handle pattern I've seen! The price also breached out of the handle formation which was a bullish downward pointing symmetrical triangle. I've posted the Elliott Waves showing a probable price pathway towards $0.98 of 206% profit potential.
The below is that of BLK/BTC pair and a very unique chart with triple consecutive triangle consolidations. Its time length clearly matches that of the BLK/USD pair. I believe the upside can be significant as shown by the target of 0.000638 BTC or 14x current price.
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
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.**