Waiting, waiting..

The author did it several times. Trading too much. The opposite also happens: trading too little and missing this or that opportunity.

What is better?

The author believes it is more the question of how often you can do in-depth analyses of the market. Trading without clear understanding (means based on pure emotions) is a bad idea. In crypto we have it constantly. Waves of FOMO (fear of missing out) are plenty and here we are, with loosing position. Pascal Coin marks the latest example of it.. But if you can spend daily few hours of analyzing the markets and collecting the needed sentiment information, then you can also trade daily (the author did it in the summer). Now too little time is left (most of the resources are spent for santiment.net platform) so the author tends to follow the bigger waves of the “crowd sentiment”.

The author generally hopes that with the santiment.net platform the amount of “actionable” crypto market intelligence (be it analyses like the one you read, however not from only one author but from many different, or shared ideas, or anything else) will grow rapidly and it will become possible to make better decisions in a shorter time.

Ok, back to the current market situation and how author sees it.

In general (this article goes a bit deeper on it) there should be pretty strong rise in crypto in the year 2017.

If we take the present moment, then we will see the following two pictures:global_market_cap_trendline-28-01This shows the trend line for the crypto market in general. It holds pretty nicely for over one year now. One could expect that at some time the price “jumps” off it and this is exactly where we might see strong increase in the whole crypto market valuation.

And here is the separate chart for the so-called alt coins only:alts_market_capitalizationsAttention: Trying to count the Elliott Waves in the altcoin market is pure experiment at the moment. The author plans to add the sentiment analyses to it as we get more data on this level in the future.

If our count is correct, expect the following to happen: spike above the shown above resistance line. It should come together with some clear wave of crowd excitement. Good news or articles in the established crypto media are expected. May be one of the projects (be it ETH, XMR, FCT or you name it) will might achieve one of the milestones.

Let’s wait and see.

As soon as this top in sentiment will become visible, expect on this pages the words of caution and “possibly time to close some longs”.

For the moment the author stays neutral, it means keeping his positions without adding to or selling part of it.

Have good time and Happy New Year if you are in China now! (the author is)

The Elliott Wave Principle describes the behaviour of the financial markets. This Principle is build on the mass psychology swings from pessimism to optimism and back in a natural sequence. When these swings happen, the specific Elliott wave patterns in price movements are created and become visible. Each pattern has implications regarding the position of the market within its overall progression, past, present and future.
The purpose of our blog posts is to outline the progress of markets in terms of the Elliott Wave Principle.
While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will my posts make specific recommendations for any specific person, and at no time may a reader or viewer be justified in inferring that any such advice is intended.
Very important. Investing carries risk of losses. You should be aware of all the risks associated with investing/trading financial instruments. Information provided in this blog is expressed in good faith, but it is not guaranteed.
The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities.
This blog and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.
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Author: Ravno_108

Sentiment wave rider. Product creator. Yogi

One thought on “Waiting, waiting..”

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