I want you to find the Accumulation Schematic #2 in this link to "Basic" teachings of Wyckoff Methods: http://stockcharts.com/school/doku.php?i... and follow it to a tee.
Famous Wyckoff Quote:
”…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.”
Anyone listening to jsnip4 and so called "Trader Boss" on jsnip4's channel about buying CIVIC this very moment IS MAKING A BIG MISTAKE!!! We are about to fall into an accumulation phase within a trading range. We have much further to fall then jsnip4 and "Trader Boss" can imagine.
Here is the video to jsnip4 where he mentions buying CIVIC near the very end of the video: https://www.youtube.com/watch?v=78zeR4P_...
He said he was going to "gamble." Well, you have no business sitting down at the poker table with gamblers if you have no idea how to play the cards you're dealt.
I will follow up shortly with another chart that includes indicators to explain further WHY we're going down further.
If' you believe your "Fundamental Analysis" (FA) by understanding it's UTILITY and believe there will be a high demand for it IMMEDIATELY; then be my guest and stay in.
I personally believe Whales have already accumulated pre release. IF NOT, I still believe it will react similar to the way ZEC did when it was released. Why did I mention ZEC? Because IT WAS NOT PRE-MINED!!!
So, if you want to stay in, be my guest. Greed is a powerful emotion that's hard to overcome. Learn to control it.
So again, THIS IS MY OPINION. Everyone is more than welcome to follow your own opinion and let your money do the talking. I'm simply sharing my thoughts. You can see if you find any merit to this analysis; along with analysis provided by others who have posted charts on this pair to see if you can find some kind of consensus before making your decision. I'm sticking with mine. Yes, I could be wrong. NO ONE IS RIGHT 100% OF THE TIME. NO ONE!!! Time will tell us soon enough what is to come of this pair.
2 Day TF:
I probably should update here. I'll have a look shortly. You should get a notification as soon as it's updated.
Yes, CIVIC "might" do the DECRED as I look at it more. I don't know if you remember what Decred did but yes, it's possible. I see BITTREX has A LOT MORE DATA that was NOT available on Poloniex.