AMBROSUS (AMB) Has an Unusual Chart Pattern

in bitcoin •  7 years ago 

SUMMARY

AMB/BTC has a bit of an unusal chart pattern. The correction is a WXY where the W is a wedge abc connected by the X to a Y that is an abc channel. The pattern is like a chart version of "Orthrus", the mythical two headed dog.

The channel shows a five wave subdivide and if the WXY label is correct, wave v should put in a lower low. Yes, there are other ways to count htis but what's important is the the shorter degree of trend direction will likely be down. However, the correction is also likely to be in the terminal stages which means casting a buy ladder would not necessarily be a bad time to cast a ladder!

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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I dont understand this guy
What us wrong with u @heajin
Always making triangles with the freaking graph.

Just make geniune posts and u r just awesome then.
Maybe u dont get offended.
U r a real whale

Wtf

good post steemit rocks

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nice :)

the best post and very useful !!!

Thanks it's amazing #steem_rock

Thank you it's really interesting

Very interesting and helpful postings, especially beginners like me. If possible, I want to absorb knowledge from you from my friends. thank you very much for that all..?!

Best post ever seen on steemit upvoted for you. if have some seconds please review my post

Delicious!

Your very good work.
Always successful greetings.

upvote me please

useful sharing

The whole post are very informative.I know about crypto.I hope many dream from it .
Thanks for giving such a news

wow! What a amazing post. I really like it and I suggested to every one to follow you also

Yeah , it has very unusual chart... but an informative.... Love the way how you provide us all the small small things of cryoto currency and share it with us, do you know that many people are taking advantage fom it..

They really help us alot...

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Could you zooom in more next time on the chart you post? thanks :)

@haejin rules the steemit platform with his posts.

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