SUMMARY
It's during these corrections when it's most ideal to scrape the bottoms for the groundfloor opportunities. OAX/BTC fits the profile quite well. The symmetrical triangle a,b,c,d,e is either complete or is about to at any moment. The oversold nature of the MACD and the fact that the leading blue line is curling upwards shows a turn coming. Remember, Technical Analysis is not a game of certainty but probablity and so is driven by likelihoods. Given the confluence of triangle consolidation pattern being nearly complete and MACD at an oversold stage, it's quite attractive!
Here is the future price pathway projection. The target is 48,444 Satoshi for the top of wave 5. Please ignore the timeline as I don't project time because it is not a reflection of sentiment; highly unlike price.
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@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!!
--
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
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.
Lookin good! Altcoins will continue to kill it this season.
Another gem:
Bitshares has a great outlook with a 3.2x move coming over the next two weeks.
You can see the projection for this parabolic and highly profitable move right here on Steemit.com
Keep up the great work @haejin.
-The Beached Whale-
Editor in Chief - The Anderson Report
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Triangles, Fractals flags are failing. What i have noticed and mentioned a week back was that BTS has almost completed the final shoulder pathway of a dead cat bounce and the next level may be 45c heading lower? hold significant amount of BTS so hope haejin's analysis proves me wrong. HODL
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Few would call the price action thats occuring on BTS a head and shoulders.
Its a stretch imo because the neckline should not be angled.
Either way, a close below 3800 sats would signal a divergence and invalidate my projection - typically a good place to cut losers early.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
parameters of the neckline are fine, BTS has fallen significantly since yesterday. We are close to sub 50 from 64, well below haejin's 57c. There is strong resistance at 45c, that's where I'll be adding
I've been playing the stock market for 25 years but only the cryptos for 1 and following haejin for the past 2 months. I have made decent profits, initially with XRP and LTC, I took my 700% profit from LTC and poured it into BTS @20c and have built it since then substantially because i believe that bitshares has tremendous potential.
My theory is that the banking powers will attempt to disrupt BTS and create FUD. If BTS falls below 45c I'll be buying more, a hell of a lot more. Good luck
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is what Philikone says and note it came out after what i said
I agree with kone, between 50 and 42 sic my 45c placement. Target by end of year is $11.53
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
BTS is going to go 20x in the bear market 2nd half of 2018? Sign me up for more.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very Nice! Thanks for the recommendation!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
NEO is right at cusp of your $144 target...any update would be appreciated...need to know if should take some cream off the top to have my 10-15% cash reserve...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
that was one of an overextended wave 5
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good Analysis.
I want to disclose to all the noobs here.
Technical Analysis will take time to reach to the target level so these trades are only for those who #HODL
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, just be patient, patient, patient.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't think that this is going to happen now, since we may be in an ending diagonal of the 5th wave of the first impulse, leading to a correction of the entire first wave. The money flow index is quite too high to expect such high upward move for now and shows a possible bearish divergence.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@Haejin, that sky high increase you saw was caused by a pump and dump group that's been going viral across the net, so take that triangle you've formed using the data from the data and recreate it :)
I hope I've helped someone with this info!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Upvoting this blog
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you sir.. for this important info
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Is pandacoin could make x2 to x4 in the week?
https://www.cryptopia.co.nz/Exchange?market=PND_BTC
Is it an opportunity?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haejin,
I love your posts, they are very informative.
I have a few serious questions (not trolling just looking for answers).
Thx in advance.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The indicators are only use to supplement your decision making skills.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thx. Coming to the same conclusion myself.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You can find some answers here:
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-13-2-day-12-accuracy-14-18
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Buy this and pump another coin - https://discord.gg/AsWXXaJ
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I like your post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Tron is going down so bad.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
its okay, TRX will be fine. HODL is the game.
here is an update for ya ;) https://www.tradingview.com/x/dYHgcoU5/
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Here is an update for ya:
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-103-day-9-accuracy-1475-1531097136
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Have a look at PKB at Bittrex. To me that also looks like a beautiful double cup with handle. What do you think? Look from June until now. Peak in June and Half Oct.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks Haejin!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
OAX got pumped on that Spike by a Group so i dont think price prediction is accurate here
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This was my thought also.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the analysis, Sir. Can you have a look at Steneum, STN/BTC? Its a new lending platform coin. Thanks in advance.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haejin, could you PLEASE do a TA on LEND/BTC and or TRX/BTC
Thanks in advance, I wish you MASSIVE profits
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
he did, and it failed..
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-103-day-9-accuracy-1475-1531097136
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Gnosis (GNO) LOOKING REALLY GREAT SINCE OCT ANALYSIS from about $71 TO $381 and now looks like a barrel of wealth...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for your updates, please could I do an EBOOST analysis? EBST
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
very important information, thank you for giving
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Que buena información
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm pretty new to this, so please don't take this as investment advice. But I was looking at charts for Stratis and I seem to find indicators for a possible breakout, looks like it's forming a cup and handle. Opinions?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks @haejin for sharing the information.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit