SUMMARY
BITCOIN (BTC) overnight price action provides several price pathway options both in longer term and shorter term perspective. I introduce at the end of video a new pattern interactions called the Neutron Gun! Check it out in this video!
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Legal Mumbo Jumbo: 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.
You are amazing @haejin! Very informative, and as far as I'm concerned, the absolute best TA for Cryptos on steemit, if not the web! People, please upvote and resteem this man, he is just handing out gold for free here...let's get him to the top of this thing!
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@haejin, for educational purposes, can you give us a video on GNT/BTC?
I have tried to do an Elliot Wave Analysis on it, but I really couldn't. It is not as straightforward as lots of other charts.
We have the starting point of a huge leg up, after that the correction falls below the starting point of this previous wave. This would be ok, but if you try to count 5 waves on the leg up, they are not really textbook because wave 4 is below wave 1. Plus, the correction looks pretty weird.
The leg up cannot even be a 1 of a higher degree count because the correction falls below the beginning of it. The only explanation I can think of is that the leg up is an "A", the downtrend is "B", and we should start seeing a "C" upwards. If this is true, then the impulsive trend is down, not up. After that "C" we would see lower lows, but I really can't understand how would something like that be possible because such a major correction would put the prices near 0.
This is what I could come up with, but it breaks a lot of rules and truth be told, it doesn't really make sense. (1 day chart, without log)
I would be really grateful for your explanation!
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Here is my input:
https://steemit.com/golem/@haejin/golem-gnc-btc-analysis-is-the-correction-almost-done-this-video-analysis-has-the-details
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Watching it right now!
Thank you!
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I cant see many clear impulse waves on NEO this morning, Sat Oct 7 09:24 CT. I think maybe its ready to touch $35-$37 again..?
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