SUMMARY
STATUS (SNT) placed a classic five wave up move as shown in below chart (blue waves). Elliott Waves states that after five waves, there is a requisite a,b,c correction. To that end, SNT has made a very crisp three wave retracement. The key is as to whether price is ready to start a reversal with a new impulse trajectory. Give the action of the MACD, I've added the white impulse waves with an initial target of $0.588 or so.
The SNT/BTC pair is quite attractive. Price is sitting right at the doorsteps of the apex of the pattern (point where the two triangle lines intersect). There are times where the price just walks past the apex and still goes sideways before rising, but I find that unlikely. The a,b,c,d,e waves of the triangle also seem complete. The next step should be a reversal! I've added the blue impulse waves with a target of 4,721 Satoshi.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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This is a proper analysis using the Elliot wave principles. It is not a simple technique, but when used properly it can give great insight to the future. Thank you!
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I wish you MASSIVE profits!
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I wish you MASSIV massiv LETTERS.
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Maybe. But if used not properly sheeps go broke...
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Hello @haejin I use indicator MACD to see how will the Steam dollar will behave this are my results i think when the blue line cruze the red line the steem dll will go from 5.5$ to 10$
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In concur! A Cup & Handle is likely as well!
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HE got no time and price axes and you dont tell him. What is this about???
You want him to stay stupid?
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You dont even got time and price at your axes. FUCK IT. NONSENCE!!!
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The Status app is looking good for both droid and iOS. They may get the champion belt for “web 3.0” before Maidsafe. But Maidsafe is autonomous and may be worthy of being called web 4.0 in the future. Finally moving away from big brother
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major move coming
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H.J!! Thank you. :]
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4700 Satoshi and that is just wave 1 of a bigger trend...UP!
I think 11000 Satoshi is the higher trend target:
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nice chart preparation @tokyoin
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Keep a close eye on Bitcoin....it could ruin the party.
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Oh at least one true word. BTC drops. Alts drop more...
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I think this project is decent. I am invested and i am holding on for dear life. I'm not much of a day trader. Status is a keeper for sure. Thanks for the posts and keep them coming.
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Following to see if it happens.
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Very informative and well observed report. Upvote and follow for you, so that I do not miss any of your post.
Request you to please visit our blog @beinghuman.steem this blog is created to help poor children. Do share your opinion once you visit. Thanks
https://steemit.com/beinghuman/@beinghuman.steem/being-human-they-need-your-help
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Will see if there is some confirmation :D
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Nothing better than a bit of TA from Haejin :D thank you for the post, im going to take a deeper look!!
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Haejin, Thank you for your analysis on SNT, this does look like a good entry point for this coin. I'm interested in your thoughts on the Elliott waves for DeepBrain Chain?
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I do believe the Elliott waves is a good analysis tool to consider. However, one also needs to consider other driving forces as well. on Jan 26th, Futures contracts will end on BTC. There have been manipulation of the price the last few days and big gains were made. I believe you will see a BTC spike occur after these contracts expire.
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LOVE THIS ACCOUNT ALWAYS HAS THE BEST AND UP TO DATE RESEARCH @HAEJIN
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gracias por tus análisis
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