SUMMARY
Bitcoin Diamond (BCD) has a pair of fractals. The first is marked with the white triangle and the second with blue. The onset of the vertical breakout from the first fractal is circled by white circle. The blue triangle is labeled with abcde and price is currently at the doors of the apex. As price gets closer to the apex point, it has greater need to breakout.
Waves a,b,c,d and e of the blue triangle has been subwave labeled. The key question is, how likely is a price explsion to be repeated in the second fractal? If wave e is near complete, price would have to breach the upper line of the triangle. Since the earliest sign of a trend reversal is an impulse of five Elliott Waves. While fractal comparison can lend more confidence to the direction of the breakout, on its own, it only supports a buy laddering initiative within the circled zone.
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.
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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Thanks for alI the free and awesome lessons!! I know your super busy but could you put ETC on review it looks to be forming a massive double cup pattern along with a new set of impulse waves. I have been thinking WHAT if ETC is just 1 year behind its liquidity maturity that you speak of in your video compared to ETH. If this is the case what a buying opportunity this would represent!
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Sir @haejin I want to work on behalf of you who will post and comment against me. I'll flout them. Sir, I post a comment against you and I regret it. Sir, I have no steempower to give me some steempower delegates and if I post and comment You give me a vote there so no one can harm me. Sir, would you allow me to work with you? I wish your people to work
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Bitcoin to $10k!? https://steemit.com/bitcoin/@investingtips/i-m-now-bullish-on-bitcoin
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Just wish everyone who learned something or made money because of @Haejin would post a positive comment, there would be no attention paid to the panic sellers or haters. Keep it going @Haejin
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thanks for your post are very helpful for those of us who started our analysis, Bitcoin Diamond did not have it on the radar I will have it in mind, thanks
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해진이형 이상한 얘들 댓글 때문에 피곤하실텐데, 좋은 글 늘 감사합니다. 설 잘 보내세요
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Thank you.
Happy chinese new year.
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İt is wonderful.
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Thanks for sharing.... upvoted for you. if have some seconds please review my blog.
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Update information about cryptocurrencies is good work. Through your post I knew about Bitcoin diamond (BCD). Yes I agree with your opinion.
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I still have 1.1 Bitcoin Diamond from the Fork :) :)
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While I really want to follow these fractals, this coin is actually just notoriously pumped and dumped. I'm not sure that TA is really a great indicator as to when a group is going to manipulate a market. It's a garbage coin and sometimes you have to throw out TA when fundamentals are trash. However I very much appreciate your posts as always. I'll watch this one and see out of curiosity.
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