Haejin Not seven days ago, I had provided an update on Ripple (XRP) and elaborated on how cryptos just LOVE the triangle pattern. The below chart was used to show an a,b,c,d,e pattern when only the a and b waves were complete. I had indicated that given the two white trend lines, the likelihood of the remaining c,d,e waves completing was high. I call this level of projection "Forward Discerning".
@MaximBar, If too many people sells their btc for xrp maybe it can happen in that sort time.
VanBenno
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I think this coin is profoundly overvalued. I'd expect the price to be below 1 dollar. Honestly, the majority of the markets have become too expensive for their own health. BTC isn't the only one anymore.
I hate imagining it, but I think the *Big* correction is coming. Making 300% + gains on random coins with no tech, no platform, minimal "anonymous" dev teams, etc. is a fairly clear sign that things are getting out of control. People are starting to buy these things for absolutely no reason at all. Coins that were created as jokes are increasing by several thousand percent.
That scares me.
cryptocamp
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@VanBenno, Obviously you haven't done your research on this "coin"