SUMMARY
Bear in mind that a Cup & Handle pattern is a combination of two patterns. The rounded bottom and the bull flag. These combined provide a lasting goose effect on prices as a rally can be sustained for quite a while. With requisite minor corrections, of course. These corrections often are part of a two steps forward and one step back progression. So, in these cases, a correction is necessary and healthy.
The below chart of ArtByte (ABY/BTC) is actually showing a double rounded bottom within a larger Cup pattern. This is actually quite frequent for Altcoins and rather adds to the bullish projection. The handle formation represents initial thrust of bulls followed by profit taking; however, this is leading to a bullish downward pointing symmetrical triangle. The key is always in the decisive nature of breakout and that's what happened and set the wave 1 of an impulse that could take ABY to 641 Satoshi and 754 Satoshi...or HIGHER!
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Disclaimer: 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.**
Could you please do an update on 0X? 🚀🚀🚀
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Therefore, for every fall, there's a higher leap. With over 3.016x Profit Potential!!!
This is making me enjoy the corrections. I hope SBD do this too.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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it is on cryptopia .
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Of course, ArtByte (ABY) was added to cryptopia exchange last year August
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I hope this gives me massive Profits !
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Do you know the way?
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Please follow him on Stocktwits!!!! https://stocktwits.com/HaejinCrypto
)
![haejin master.png]
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https://steemit.com/cryptocurrency/@racoo/mr-zuckerberg-is-learning-how-cryptocurrency-works-racoo
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lol wat
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Another great example of profit waiting for investors! Be sure to follow me as well for detailed crypto profit examples.
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good post, please upvote my post ya
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Thanks Haejin!
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Please Like My posts I liked you
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Very thx for this analysis master, I think I will pass it!
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Excellent
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Mantap
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Cool analysis' you have. Have learned so much in general about trading again. One thing I did not understand, what is your target with bitcoin? One day you said it should be heading towards 26'000? Is this still your main opinion or you've changed your target towards bearish sentiment? Of course no one knows for sure, but in general. Thanks in advance !
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Thank you for your analysis. Appreciated!
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Credit where credit is due -- The new title is a nice change!
I say the following only as further feedback, not as criticism. I personally find the more standardized title you've been working with to be the easiest to read and comprehend at a glance.
e.g. "Kyber (KNC) Target 92,261 Satoshi (169% Profit Potential)"
The multiple wave targets, while appreciated, detract from the readability of the title -- if anything, I'd go with tweaking the standardized one. That said, the addition of all targets on the chart make for a clearer picture.
In general though, I really do appreciate your posts and the thought you put behind them. Cheers!
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i see this trend is going down.
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Thank you.I always read well.
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Te sigo, me gustan tus artículos, aunque son muy profundos para mi. Sabes donde puedo comprar ripple?
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What is your insight on XRP ?
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can you analiz dgb . thanks
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Excellent stuff!
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Not going to B.S here.
Bought 43753.87625 coins at around the o.23 cent mark, when this was first mentioned. Saw the TA and fundamentals of the coin looks good. Never read the white paper. Just wanted to invest by TA, and especially through Mr. Haejin's steemit post. Today, I opened up Bittrex, and saw the price hit around 0.40. Sold about 15000.87625 avg $6000. Boy am I happy. This is my first 10,000 investment based off on just pure TA and nothing else. I can't be happier. Almost made twice of what I invested in. Mr. Haejin has been a great teacher, mentor and extremely open to share your years of knowledge and experience to the rest of us. I am fortunate enough to be a follower of you on Steemit since when you begin teaching me about BTS. Thank you again kind sir. You have changed my life and my family's lives for the better. If there is anything that I can do within my means, I will. Thank you again, and please keep up the good work sir.
Yours Truly,
United Cryptos
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Can you make analysis for Ada, please?
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