SUMMARY
LoopRing (LRC/BTC) placed five waves of an impulse and is currently in the process of completing the motive. A motive is an impulse plus the requisite retracement waves and thus a fractal. The retracements can occur as an ABC ZigZag, Flat or Triangles. In this case, the triangle is patterned out with the two white lines and the a,b,c,d,e waves plotted. IF this pattern is correct, then the next move is for the price to start impulsing upwards. This also means that the lower white support also needs to hold. IF price breaches the support, a more complex and sideways correction would be expected.
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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Hah!
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Very good post..I love..I'll follow you..
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Is it a pattern that you don't take into consideration, such as national, developer, or third-party threats? Did you make a consideratory prediction?
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I don't understand. Can you explain your comment?
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Pretty sure the only things considered are what the candlesticks and volume are doing over a period of time. Through those you count Elliot waves - it is a bit mystical to me still, but worth looking into at least.
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you are without a doubt one of the best and I greatly appreciate your dedication and your extraordinary capacity for analysis.
but to be honest I do not understand the sense of doing analysis on altcoin in a phase of non-completed retraction of btc. with rare exceptions, the btc is too much a market light to think that altcoins do not follow it.
maybe only etherum on the short can resist. I honestly do not see a bullish phase for alt coin. it's not a criticism it's just my personal thought
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These are the /BTC pairs and they tend to rise when BTC declines. The /USD pairs decline in concert with BTC. Of course, if there is a swoosh down on BTC, even the /BTC pairs will decline. But a steady BTC decline often allow /BTC pairs to rise.
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ok now it's clear to me thank you👌✌️
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Maybe It Can Come Out Of The Triangle But I'm Not Expecting It
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Personally I think it can't rise out from the triangle.
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Why do we need so many fuc..king exchanges ?? There are so much real world problem could be solved with tokens. I'm not buying anymore exchange tokens and I already have #ZRX and #KNC
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good !!
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Amazing...
Upvote @sherlie
Thanks....
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https://m.bithumb.com/wallet/P102?bsid=S1201GM_IN&gclid=CjwKCAiA78XTBRBiEiwAGv7EKqxxQHmLYGfd7kk1E1tPRzvz_OgjMG-daOmZuLbDXIjfrS33Uuk3QxoCh5IQAvD_BwE
Personally I think it will rise out of the triangle.
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Pretty much every prediction now is due to finish middle of feb, exactly when bitcoin should rise again
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Haejin rap song coming soon. =]
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EPIC RAP BATTLES HAEJIN VS BERNIE LOL
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Haha yes! I can train them both. On a mountain top somewhere. In a lightning storm.
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But then I come back alone! I am the new king of Steemit!
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AS YOU CAN SEE THE WAVES ARE CREATING FOUNDATIONS AND BREAKING THROUGH THE RESISTANCE LINES AND RIDE THE WAVES CAUSING A RECALCULATION OF SUPPORT LINES AND RESISTANCE TRIANGLES AND CANDLES
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very very nice
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Good one! LOL!
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Its going to rise out.
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Tron (TRX) became a father figure in my life, read below:
https://steemit.com/bitcoin/@marioiii/tron-trx-is-my-daddy
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After the correction, my target for Tron is $1.06
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Interesante el calculo a través los fractales. hay que mejorar esa técnica de aproximación a los escenarios de futuro,
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Check out the price action of corn from 2006 and 2007. The similarities to BTC are uncanny. I especially love the part after the A,B,C,D,E, correction. Don't forget that the CME is involved with both now.
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Well, at least BTC moves more closely to commodities....but they still have very different "personalities".
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Here's the second image that I couldn't fit into the picture...
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And the third....
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Looks as if it's giving a big "birdy"!
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It did eventually give a big birdy, however what's powerful to me in this first image above is the capitulation at the .618 and the very similar wedge pattern of the correction. Could we see this happen in similar fashion?
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They're working w NEO now and this sell-off is losing steam. Good time to buy.
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vote !!!
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Fantastic loopring
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Loopring could be the one to watch
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'Bitcoin explained'
'I have a bad feeling about this!' said billionaire investor Warren Bufffet, when asked about his position on Bitcoin. But like it, hate it or don't understand it, you can't deny that Bitcoin has done something that gold has never done. To put it in perspective, gold has appreciated 3,500% in the last 45 years, while Bitcoin appreciated 1,50,00,000% in the last 7 years!!
If you have tried and failed to understand what the rest of the world is going gaga about, here is a simplified version of what are Bitcoins and Cryptocurrencies. If you already know about it, you might want to check out the graphic at the end of this blog on Top 10 Interesting Facts about Bitcoin...
Before understanding Bitcoin, let’s first understand the concept of blockchain, which is the technology Bitcoin is based on!
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Full discussion : https://www.plexusmd.com/post?pfpid=33215
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Hmm, love the last part, the word is out, your duty is to apply it or not..... Nice post, following you, hope you can do the same
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