SUMMARY
The MACD histogram is an early scout showing how the 12 day (white) and the 26 day (red) lines will move and in which direction. The two layers of higher lows shown by the histogram is uncanny. This means that there is strong probability that the white/red lines will also generate a higher low. That occurrence is my primary count.
The fractal nature of the current pattern to it's prior brother seems to only differ in size. However, the overall price moves and Elliott Waves are quite similar. Just as a monster volume had moved Bitcoin (BTC) out of the confines of the contracting lines; the second fractal needs the same monster type of volume move (green vertical rectangle). The current fractal also is a bit distant from the apex just as it had been for the first fractal.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
people need news for gaining confidence , only then volume will come.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's going to be hard too do... too many people who fueled the liquidity up to 18,000 got burned - hard
I think it will be a long winter before public sentiment recuperates or institutional money decides to flow in.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
yes you got the point....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think we will see the same as 2014
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think we will see the same as 2014
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Huge Green Dildo in 3...2...1...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Did you mean candle?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
yup...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
These next hours and days will be exciting!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@haejin: I agree trend reversal may be happening:
https://steemit.com/cryptocurrency/@examachine/bitcoin-may-have-turned-uptrend
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
After tax season and when price gets to $6000.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
don't be the guy to buy the bottom thinking it will reverse. Safer to wait for a clear uptrend. Even with an upside break out it could fizzle out and continue with the larger downtrend.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bence bitcoin artık bir yatırım olmaktan ziyade kumar niteliğinde
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Please check in on EOS :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Exciting times ahead.. Thanks for sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Wait for reverse and then start trading.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great update, thanks for sharing. I've hit the upvote button for you!
If you are looking to get hold of some crypto without investing or mining, look into https://www.crowdholding.com. They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This chart has been in play and valid for over a month..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The bright side is : if there's no volume, we're likely to go to 4000$ or so... Would be the end of the krack and the best opportunity to go long !
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Master volume or master node? I think we need a master node too. Great post though!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
These are the best thing and encouraging the people for doing something
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
excellent publication friend. Greetings from Venezuela
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice predictions
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
check my posts iam promot bitcoin
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
yep I hope it doesn't touch 4k but looks like it could. no matter what the bull is coming and mostly start in my favorite month.. May!! lol
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I would love to see your count on OMG, I am not finding a clear pathway and need a little help finding a way out of this current correction, Thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
When MOON vs Fuzzy Math :-D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm concerned. I'm a neophyte so don't take this as criticism but inquiry. There is no volume or news to start a massive volume spike. I know TA is quantum so news follows price. Still, I'm not getting the feel of a trend reversal right now. Maybe that is how they start low and slow. But I kept looking at your second chart above of the daily and your count is not what I am seeing. In the 1st Fractal I agree with your red abcde. This would be the start of a zig zag. Then don't you get an abc? I see an abc, but it would end at what you have labeled the blue b in the 2nd Fractal, at least as I see it. (also, with your labeling of the 2nd Fractal the blue b is above the end of the abc middle leg - is this right?). So to carry on my analysis, I see what you have labeled a blue b in the 2nd Fractal as the starting point of the third leg of the zig zag which should have another abcde down. I see your blue c as the point that should be labeled my a on this third leg of the zig zag, which means your blue d is my b and we are presently on my leg c, which cannot be the shortest section of the abcde down. All this means that we have a ways more to go to the bottom from my perspective. Your thoughts? What am I missing?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit