Recently, we used the work of Jesse Livermore to catch the move in Bitcoin (BTC) to $7500. Jesse Livermore was a technical analyst from the early 1900s. He was featured in a famous trading book “Reminiscences of a Stock Operator.”
We have been using his ingenious construct called the Livermore Speculative Chart. This chart structure shows an upward sloping zig-zag consolidation usually comes just before a big parabolic move up (Figure 1).
We have applied his work to a variety of big coins. Our conclusion is that upside potential is massive. The list below are the Livermore charts and upside targets for a variety of big coins.
Livermore analysis shows Ethereum (ETH) could move to $400 (Figure 2).
Livermore analysis shows EOS could move to $10 (Figure 3).
Livermore analysis shows Monero could move to $115 (Figure 4).
One of the biggest moves could be in Ripple (XRP). Ripple’s chart is shown in Figure 5. The upside target could be $1.20.
The upside target in Stellar (XLM) could be 0.35$ (Figure 6).
Bottom Line: Based on Livermore’s work, the rally in crypto is only starting. Based on these charts a massive parabolic move is set to begin in big coins. Nobody really seems to be talking about how much these coins could move to the upside…nobody except us.
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