Bancor (BNT): Price Should Resume the Original Trend....Up!

in bancor •  6 years ago 

SUMMARY

On March 26, the below chart was posted showing a sizable Cup & Handle pattern. The white circle highlighted how close price was to the apex of the downward wedge. Note how even the wicks were included into the Elliott Wave counts.

Since then, price, as projected, has broke out of the wedge pattern and impulsed in a five wave rally.

The interesting thing is that there is a smaller Cup & Handle pattern being repeated as a fractal (blue). The red impulse waves show that after five waves, the current decline is a minor correction for the handle formation. Once this is complete, price should resume the original trend...that being up!

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.

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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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Thanx for every day information and research !

great upvotion

It's just another spam-content shitpost upvoted by your second account and stupid people who want to get $.
But there is still chance for you to change, just watch full video (especially last 4 minutes)
http://dlive.io/video/carrioner/61deac20-56c1-11e8-8cf9-1b93be2e52ab

I hope it's on the way back up! I recently bought it and I'm ready for it to run!

This haejin post has been downvoted, it is a @flagtarget.

READ: Resteeming @haejin's 8th 9th and 10th post of the day as target to be flagged.

They resteem 3 of @haejin's posts a day, and we concentrate our efforts on removing the potential rewards from those three.

Then @flagfund pays "The Braves" who flag those 3 posts every day, as you can see their posts are doing quite well.

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It needs to break support at 8650. So far no success.

Do one on ALQO @haejin

Kavot gop hay alee

this is good informative stuff thank you for sharing.

Very nice post.You are working very hard .I also your all post.I follow you all in my life I'am work on steemit.

Thank you very much! Can you do a technical analysis about EOSdac (the community owned EOS block producer) too please? It's still in the very young phrase with 24h volume about 1000BTC but have huge potential.

What's your analysis on EOS?

you are working very hard, thank for sharing your insights

Could you please analyze Banca in HITBTC ??
^_^

  ·  6 years ago (edited)

haha

I do not like it. I just wish you could tell me more about it.

you only recieved red flag

really

yesss beta kutay

From your various posts, we can learn a lot of good things from our followers, we love your creativity, so we hope you create our good post and give us a gift, and with that we want to follow you all the time

  ·  6 years ago (edited)

Elliott wave is just a tool to judge trend, maybe not useful. The price of BTC drived by composite factor, politics, economy, the law ...and so on.

this is a very good news that we will see the reversal in prices as we had started seeing the fall again

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