Ok so it took a while to work out, but once we hit the new all time low, our 'fears' were confirmed, and what we thought was wave 1, was invalidated. Turns out it was a wave 4 correction of this ENORMOUS, huuuuge, ABC correction's 'C' leg. You can see the 5 subwaves (light blue) of the C leg's 5th and final wave which we are completing now, before we start the route upwards in what looks like it will be a giant cup and handle . Once the handle completes, we'll then start testing new all time highs. It will get here quicker than you think because these impulse waves upwards will occur very quickly (within a matter of days).
It also means we are likely going down slightly more. Perhaps between 4000 and 5000 satoshis. given the relatively low supply, and the already huge 250 million user market that this token will serve, I personally think it will be worth at least $15-$20 during the peak of Bitcoin's next primary elliot wave (wave 3 upwards!), this current price is an absolute bargain and I will be adding to my bag if we go down.
And remember, 'news' and all that hype bullshit doesn't really effect the alts too much. They run on a market cycle. This coin had huge gains as soon as it was listed on binance, so it needed a huge correction so whales could get back in on the action.
Good luck, stay patient. Remember Bitcoin's primary wave 3 is only just getting started. Does anyone know what 2.618 x 20K is? 50K bitcoin baby. It's coming.
@Cheesetoast,
Cheers buddy :)
Still got roughly 8x to ATH.
Looms like good project.
INDeedFx
⋅
Grecoiz
⋅
Wish i could share your optimism.I have an almost double position than yours at a medium price of 7.8K sat.But i am really not that optimistic.
kitkat16
⋅
@KiriakosSotVlahiotaraios, you will be laughing in a few months, honestly lol.
I have been around the block. I bought Bitshares at 8 cents and I bought 1 million Verge XVG at half a penny too. Trust me, without corrections there is no moon.
This coin is going to 80K satoshis minimum.
Grecoiz
⋅
@kitkat16, Yeah, i totally agree about corrections.Its just that it needs bulletproof guts to withstand seeing your position being massacred within a couple of days and not being worried. But to be honest since i am almost all in now with this coin, i have to keep it for the long run and see what future reserves. The thing is that i don't really believe it will get at such a price you think it will, although i really wish to. Or at least i think i won't ever manage to sell at such a price even if it stays there for long. Because in that case, i would have to quit my day job, which i am almost sure, will never happen. ^_^
kitkat16
⋅
@KiriakosSotVlahiotaraios,
mate I said the same thing about Verge XVG. I never thought it would reach such a price. I bought million coins at half a cent. I sold what I thought was the top at 22 cents (top was closer to 30 cents).
I bought bitshares at 8 cents, sold at 80 cents.
I quit my job. I bought more XVG and Bitshares and some other stuff in the recent crash. Going to do it all again and APPC is one of my coins now too.
lumanga
⋅
I'm seeing only -%XX every day!!!!
I'm at -40% !!!
kitkat16
⋅
@lumanga, so is every other coin. It's part of market cycle man.
You bought near the top.Just gonna have to wait. You will still double your money within. relax.