SUMMARY
Bern Cash (BERN), is at the terminal end of a recovery from a vertical trajectory! Going vertical in price to a zone it couldn't handle is not sustainable. You lose wind decline back down to below the initial point. The below chart shows how BERN screamed high and just collapsed below the the prior wave 2...a near 86.6% decline; as shown by the red a,b,c waves. Elliott Waves states that following a five wave movement, there comes an abc correction.
The a,b,c corection often lasts quite a while for Altcoins because it carries more need for time as much as price decline. That's what an abc correction brings, a sudden decline followed by a very slow sideways churning of price between buyers and sellers.
Once the handle formation is complete, price is expected to resume an impulse as shown below by white Elliott Waves at a smaller degree of trend. Still, much of this depends on Bitcoin (BTC) direction.
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
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?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
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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:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Feel the BERN!!!
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Looks like Bitcoin is going to feel the burn very very soon: https://steemit.com/bitcoin/@investingtips/textbook-symmetrical-triangle-on-btcusd
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i am good in TA than haejin.Let me ask i tell you whats next move?
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more informative post for us...thanks for sharing
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Thank you for good information!
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Thank your very much. Could you please analyse Cardano (ADA). That would be very nice.
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Must have taken you a lot of time locating all these obscure coins. Anyway i appreciate the effort. Many times i saw your coverage here and went to research more on the coin
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Haejin you mention we buy bitcoin at $8000 or 7k.Because you show it going to that area.I am waiting but its not going there. @salahuddin2004 mention to buy at 10k for target of 20k before 30 March. Look like his predictions on top at the moment even for eos litecoin etc.Please reply with honesty.
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I agree with Haejin. BTC goes to 8k. https://steemit.com/bitcoin/@stew/bitcoin-update-all-roads-seem-to-be-pointing-towards-usd8000
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But no whitepaper, no roadmap and no team.
This coin go nowere.
Take some free money in this selection of airdrop
https://steemit.com/cryptocurrency/@suitsatwork/airdrop-gratuit
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Bitcoin is going to $7k (in my opinion): https://steemit.com/bitcoin/@investingtips/usd7-000-bitcoin-incoming-before-cme-futures-ends-today
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I'm collecting bitcoin
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Hi @Haejin... I have been following you recently and enjoy your posts.
It saddens me to see you And @ranchorelaxo get trolled by people who have nothing better to do. If it ever bothers you, just know that the forces of evil like to enjoy beautiful things.
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Are you a team of people? How do you cover so much?
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Great one!!!!So many things to learn for a beginner like me
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Dude that is an obvious pump and dump.
I heard that one particular PnD group selects only low volume coins to pump on CRYPTOPIA specifically, since they have the most sh*t coins out there.
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I agree with you.
Everyone invest in this will lose a lot of money in the dump.
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It just looks like another crap coin to me. Looks like it's trading in a channel downwards; I wouldn't touch it with a 10 ft poll.
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Well, that's what they said about SPR when I recommended it at $0.17 and then went to $3.69
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Well getting #rekt by @haejin himself :) I still call crap coin. Time will tell whether I eat those words :D
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Haejin, are you bad for steemit?
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:'( but it hasn't broken out yet, it's continued it's slide into the shit pile :D
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*pole. ;)
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Screw all this noise! Let haejin have steemit! stoked for new platforms to dominate. Check out Sphere https://sphere.social/?ref_code=zp7edy9cso9z
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Interesting platform, haejin's analysis is great entertainment, his opinion is valued by many Including myself.
Positive energy and massive profits to you.
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well that sounded very cult-ish.
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There are rumors that haejin may not be good for this platform. I just want to clear up if this is true or not.
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Wow Well maybe haejin's heart will grow three times big, and he will all of the sudden change his evil ways. Thank's for helping clear it up.
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Look at my wallet haejin.
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I clicked the link and got a warning from WOT that the site may be a scam. Any thoughts? I use WOT and adblocker as two of my primary forms of security control (among antivirus firewall, and many others). I know WOT isn't always perfect, but they do have a lot of data. If it's a false positive, I would recommend getting that fixed to the devs ...
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Hmm interesting, I haven't gotten anything like that. I'm signed up already, and i didnt experience any problem. I didnt have to pay for anything. I dont think its a scam.
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Hehe. Feel the bern. Its useful info and I'll probably use it to decide whether I'll buy or not. I haven't encountered any others lately
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Would you do a post of OMGETH pairing please? Just started learning Elliot Wave principles and I know I'm getting parts wrong, all part of being new at something.
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My posts are better
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Has anybody in here made major profit from these charts?
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i am very happy to read your post because i learn many think from here..so amazing
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OST showing handle of cup and handle as well.
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Muchas gracias por compartir tus análisis
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BERN is a shit coin. Do not invest. Why would anyone choose BERN over other coins such as VERGE, NEO, ADA, LTC etc?
Found this line in their website
"BERN was made by the people, for the people, to empower the people to contribute to a political party or candidate 1) instantly 2) with low fees 3) while not feeding the evil empire
that is our present banking system that has enslaved every man, women, and child for hundreds of years."
What sense does it make?
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Thank you so much Haejin! Great info! any updates for Civic?
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lol maybe not then.
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