SUMMARY
Blocknet (BLOCK/BTC) looks quite ready to rise. A leading diagonal serves as the red A wave and with the five subwaves of wave C; this is a zig zag. The rise thus far from red C could be labeled as impulsive and is now correcting. The MACD is turning up on a daily scale and a rise in price can enable the next impulse round towards 0.00585 BTC. I really like Blocknet as it too is a decentralized exchange (DEX).
One pattern is that of a Head & Shoulders bottom formation. The below chart show the Left Should (LS), Head (H) and Right Shoulder (RS). The Volume thus far confirms. The pattern is not complete nor confirmed! So, the pattern still requires the completion of the RS and price needs to breach the Neck Line. IF those occur, the price target could be 0.007 BTC.
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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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Thanks for the update
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Bubble or No Bubble? https://steemit.com/bitcoin/@investingtips/this-is-the-real-bubble-not-cryptocurrency
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watching to see your predictions, 1st time reading your blog
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He is usually on the money.
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Thanks for the professional update, I'll keep track of your news.
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Very nice sharing. Thanks for the nice sharing. Upvote me please
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Upvoted and Resteemed by @cryptoryno33
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thanks very usefull
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Thank you for learning
Please upvote and follw me @burabay
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you create some useful and important information....i like it...i hope everybody like your post...thanx for shear it
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Very interesting information thanks for sharing greetings
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Let's wait and see how good you are. You need to open your eyes very well.
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Let's wait and see how good you are. You need to open your eyes.
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Great post , keep sharing . I will alwyas support you. @haejin
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I followEd you,,you can follow me,back
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You Got an upvote because this content is good and must be upvoted .
(This reply for the good contents only ) Keep going .
We all working for the good content any good content will be upvoted :)
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Very technical!!
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Thanks, I had no idea on blocknet before
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Thank you for the lessons you provide us
We hope that everyone will benefit from it
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Good content, thanks for sharing
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thanks , great information to know it.
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Useful post @haejin... informative :) very nice
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New follower here @haejin , upvoted as this is what I have been expecting to happen anytime soon! Great update thank you so much :D self employed tattooist / crypto enthusiast here if anybody would like to follow :)
Also resteemed :)
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Thanks for the sharing.
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Muchas gracias por compartir tus análisis
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ENG Enigma please
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This is good news. Let it rise and rise please
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Impressive post you got here, everyone wants to hear prices shoot tho the moon. How do you make so much on a single post?@haejin
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I am in 100% in agreement with your analysis. @haejin
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$414 dollars in 2 hours? somebody please explain. holy cow.
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thank you for sharing, very good
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Nice update,,i will keep following you
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I like your stuff. When I get back in ny Ill do some more technical commentaries. are most of these replies, canned cut n paste bots? Im getting the hang of this steemit.. If I put a link here in a comment Ill be blasted?
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