SUMMARY
ALL/BTC is a thinly traded coin, so it would be unwise to empty one's wallet into this coin. What is a thinly traded coin? It's when the daily volume is very low and when the bid to ask prices have a wide spread. Often, thinly traded coins are listed in limited number of exchanges. However, it doesn't reclude such coins from potential. Often, when Technical Analysis shows sizable gain profit potential, neither does it call for it to be ignored. The Cup & Handle pattern looks near complete and confirmation would be ideal in the form of a price breach of the upper white line of the handle pattern.
The closeup of the corrective retracement shows an abcde potential and the abc subwaves of the terminal C would signal an attractive buy ladder time. The impulse red waves also indicate the first impulse series for a trend reversal but also is a bit behind other Altcoins that have already put in the impulse five.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It shoud not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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