Where is KAI at? Let's look at the big picture.
Some of you may have noticed that Trading View took down over a dozen of my previous calls - including the recent kai - over a link in the description. Whilst they took them down without apology, they also proposed I pay additional monthly dues and they will allow me to include those same links in the future. Pffft!
We move on.
Today we chat about kai. There was an ATH of just over 5 cents in what felt like nano speed. We have now retraced to around 2.5 cents. Whilst this will have shaken out some weak hands, I can see that we are now bouncing around. This is all normal behaviour in a correction.
Elliot waves demonstrate to us with great accuracy what happens in a cycle. In order to show you what I see, I have used a 1 day chart. By zooming out, I can clearly and without doubt see the text book EW 5 waves up. I have marked them on the chart. You can also see the typical correction underway.
Those familiar with EW will know that there is also a bigger picture again with EW. In essence, the 1 - 5 waves I have drawn, become the 1st Wave with the benefit of time. Now it doesn't take a sharp mind to figure out what that would mean for overall price once you draw in the other four waves...
You may ask, "How long will the correction last?"
My answer is, "No fixed time. Corrections can play out over days, weeks or months". Unlikely in the case of kai. If I was to guess on timing, I would say anytime in the next few weeks. If it is longer...so be it. It will give me more time to pilfer some more funds from another token to 'invest' in kai.
The positive news is that kai needed to have this correction. The retrace is healthy and could go a bit deeper. No issues. It also allows kai to gather some much needed steam after what seemed like a marathon bull run. More over, the longer we correct, the more orgasmic the forthcoming eruption will be.
For me personally, my neck is swinging like a drunk giraffe right now. I'm in deep with kai but I don't have one regret holding. When the inevitable correction has had its day, I'm going to really enjoy this next run up.
The secret - in my humble opinion - in the crypto space, is focussing on the bigger picture. The previous correction occurred after our bombastic run from the genesis to around .007 all the way back down to approx .003 for those that remember. We know what happened after that. To go now from .05 to .25 or even lower is going to put a bigger smile on my face. You know what's next! Get ready to be the big swinging dick at the bar.
Over the next few weeks, I will find some time to chart the 'bigger picture' using EW so you can get an idea where my monkey mind is at.
Oh. I almost forgot. Q4 (Mainnet) is now 1 week away. Tick, tick, BOOM! Shake the room.
Remember, this is not Financial Advice. I am nothing but a poorly educated bum, who loves hanging out on beaches, surfing and making funny charts for crypto. Would you take advice from 'that' person?
Enjoy yourself, stay safe and don't take life too seriously. We are in this big room together.
PS: Remember, "People lie, Charts don't"
We move on.
Today we chat about kai. There was an ATH of just over 5 cents in what felt like nano speed. We have now retraced to around 2.5 cents. Whilst this will have shaken out some weak hands, I can see that we are now bouncing around. This is all normal behaviour in a correction.
Elliot waves demonstrate to us with great accuracy what happens in a cycle. In order to show you what I see, I have used a 1 day chart. By zooming out, I can clearly and without doubt see the text book EW 5 waves up. I have marked them on the chart. You can also see the typical correction underway.
Those familiar with EW will know that there is also a bigger picture again with EW. In essence, the 1 - 5 waves I have drawn, become the 1st Wave with the benefit of time. Now it doesn't take a sharp mind to figure out what that would mean for overall price once you draw in the other four waves...
You may ask, "How long will the correction last?"
My answer is, "No fixed time. Corrections can play out over days, weeks or months". Unlikely in the case of kai. If I was to guess on timing, I would say anytime in the next few weeks. If it is longer...so be it. It will give me more time to pilfer some more funds from another token to 'invest' in kai.
The positive news is that kai needed to have this correction. The retrace is healthy and could go a bit deeper. No issues. It also allows kai to gather some much needed steam after what seemed like a marathon bull run. More over, the longer we correct, the more orgasmic the forthcoming eruption will be.
For me personally, my neck is swinging like a drunk giraffe right now. I'm in deep with kai but I don't have one regret holding. When the inevitable correction has had its day, I'm going to really enjoy this next run up.
The secret - in my humble opinion - in the crypto space, is focussing on the bigger picture. The previous correction occurred after our bombastic run from the genesis to around .007 all the way back down to approx .003 for those that remember. We know what happened after that. To go now from .05 to .25 or even lower is going to put a bigger smile on my face. You know what's next! Get ready to be the big swinging dick at the bar.
Over the next few weeks, I will find some time to chart the 'bigger picture' using EW so you can get an idea where my monkey mind is at.
Oh. I almost forgot. Q4 (Mainnet) is now 1 week away. Tick, tick, BOOM! Shake the room.
Remember, this is not Financial Advice. I am nothing but a poorly educated bum, who loves hanging out on beaches, surfing and making funny charts for crypto. Would you take advice from 'that' person?
Enjoy yourself, stay safe and don't take life too seriously. We are in this big room together.
PS: Remember, "People lie, Charts don't"
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