RE: EOS Update: Will EOS/BTC Rise while BTC and EOS/USD Correct?

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EOS Update: Will EOS/BTC Rise while BTC and EOS/USD Correct?

in bitcoin •  7 years ago 

Hello Haejin, let me first say I've been studying your posts for a while with great interest. You really made me see the power (and pure magic, I would say) of TA. I live on a small island in the Caribbean sea, and it takes some time to get the EW books delivered, so in the meanwhile I've tried my best to find all the EW instructions I can get on the internet.

I've been counting the waves in the EOS/XBT chart. I was wondering if I'm doing it right. In this post you show us a cup and handle in the forming on the daily scale. I was wondering if I'm correct to conclude that, if we take it back to the hourly chart, the end of wave V. will probably be the neck of the cup, and the ABC correction will form the handle. If that's the case, we still have some way to go. My pricetarget to ladder out would be around 0.00050 BTC then. Hope you can elaborate!
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