VIACOIN (VIA) Just BUSTED OUT of a Downward Wedge!!
VIACOIN (VIA) is very bullish because price has decisively broken out of the descending wedge pattern. This is very interesting because such breakout is not an accident and is the result of most sellers having sold and left the bar. That leaves none but buyers and so price explodes. The higher degree of trend Elliott Waves show 0.001981 BTC as target or 4.65x Profit Potential!! VIACOIN does not have a /USD pair; but when buy; I always translate the price to USD from the /BTC. At the end of each day, the net liquidiation value of my portfolio is measure in USD and NOT how many BTCs. I'll write an essay soon as to why it's a bit of a moot point to try and trade only to BTC with the only objective of increasing the number of Bitcoins.
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.**