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  • #5101
    BJay
    Keymaster

    A three-wave move in Wave ((A)) or ((W)) which is ABC ZigZag in this case, constitutes a Flat or Triangle for Wave B. Yes, you can almost predict Wave ((B)) or ((X)). The weekly chart below shows that the correction in crypto is not complete; in fact, Wave ((C)) or ((Y)) can be the worst to the downside.

    Weekly Chart of XRP
    Weekly Chart

    I tried to label this chart as best as I can before making it convoluted.

    Let’s bring your attention to the triangle pattern in Wave ((B)) or ((X)); some technicals are-measured by the height of the largest part of the triangle for the height or depth of Wave ((C)) or ((Y)). Now, as we know there’s nothing about the market absolute, this is a pretty good computation, with most technicals.

    On this Log Scale Chart, you will see the dotted red arrow that measures the triangle’s height. I duplicated this arrow and placed to the contracting part of the triangle; you will see it runs off the screen. This is still the same measurement in height; it goes to sub-zero levels. I am not sure if this will happen but this is interesting and time will tell or not.

    Regardless the correction does not appear to be over. And look, I don’t want any smoke but this is just what I see.

    Daily Chart Part 1Daily Chart 1

    Daily Chart Part 2Daily Chart 2

    • This topic was modified 11 months, 3 weeks ago by BJay.
    • This topic was modified 11 months, 3 weeks ago by BJay.
    • This topic was modified 11 months, 3 weeks ago by BJay.
    • This topic was modified 11 months, 3 weeks ago by BJay.
    • This topic was modified 11 months, 3 weeks ago by BJay.
    #5160
    kabeba4922
    Participant

    An Initial Coin Offering (ICO) is a fundraising method used by blockchain projects to raise capital. During an ICO, new projects issue and sell their own tokens to the public in exchange for established cryptocurrencies like Bitcoin or Ethereum. These tokens represent various forms of value within the project’s ecosystem. ICOs allow projects to secure funding for development, marketing, and other operational needs.

    Importance of Investing in Cryptocurrency: Investing in cryptocurrency holds several potential benefits:

    Diversification: Cryptocurrencies offer a new asset class that can diversify an investment portfolio beyond traditional stocks and bonds.

    Innovation: Investing in cryptocurrency provides exposure to cutting-edge blockchain technology with transformative potential across various industries.

    Potential Returns: The volatile nature of the cryptocurrency market offers opportunities for substantial returns, though it also comes with higher risks.

    Financial Inclusion: Cryptocurrencies can provide access to financial services for unbanked populations, especially in regions with limited banking infrastructure.

    Decentralization: Cryptocurrencies operate on decentralized networks, reducing reliance on centralized financial institutions.

    Should Cryptocurrency Be Regulated or Not?

    #5283
    BJay
    Keymaster

    Should Cryptocurrency Be Regulated or Not? yes

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