Being able to discern and spot patterns is a real key skill to develop and practice, practice and practice. ETC is displaying a pretty nice bullish ascending righ triangle as shown below. Minimum target is $19.32 but as we know, prices almost always exceed the minimum.
NOTE: The caveat to my bullish posts is that BTC topping needs to be watched closely!
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
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.
ok, let's go!
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Thanks I don't really understand any of the technical stuff here. I studied economics and worked in finance so I probably should. I think sometimes these things get pregnant if you know what I mean. They go sideways for a while and build up pressure. Then they shoot up or down, and there is a correction. Thanks for the info and I hope you have a WONDERFUL DAY!!!
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It has very little to do with top and bottom lines or EBITDA or IRR, etc.
TA is an art. Simple as that. The EW art is based on mathematics, mostly fibbonacci ratio. Take a look at the book recs I made in earlier post.
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Interesting. I hope you have fantastic weekend!
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Thanks haejin - can i ask for your thought on XDN. A second opinion on an Elliot wave theory would be nice :)
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Good job in labeling the 1,2,3,4 and 5. Here is the label I made in blue. Note how wave 5 is extended. Also, wave a (blue) is extended...these are often hard for newbies to recognize. The rule is that in an abc, the c is usually the longest..but somtimes the a is the longest. These are the irregular zigzags. The c still has to be the lowest point of the correction, your waves i,ii,iii,iv and v need to mark the trend change up as I've placed the blue ones.
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Nice post. Resteemed.
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Hi Haejin, great series of posts today. do you have an update on Siacoin or Cloakcoin? Any sign that the next wave up is imminent? I have been waiting on them, but I will soon be taking a defensive posture, selling out of cryptos to ride out the expected BTC downturn. thanks!
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Resteemed
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Thanks! Haejin)) i am sender you 0.002 btc
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