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SUMMARY
Elliott Waves states that after five waves, an a,b,c correction becomes a requisite. These five waves move according to Fibonacci sequence and are interrelated as such. The requisite a,b,c waves often retrace to prior wave 4 of a lesser degree. I've labeled the impulse five waves (white) and the a,b,c correction. This correction WILL NOT likely be a quick one. Remember the "Hurry Up & Wait" syndrome that every altcoin has. This means that the impulse waves are put in very quickly while the corrective a,b,c waves take a much longer time to complete. Also note that the correction could morph into a triangle or a flag or a channel or a combination. But, the terminal end is the best time to buy so that means a Technical Anlyst awaits the terminal end of the a,b,c correction before casting his buy ladder. What's a buy ladder? It's all detailed and tutored in this video for free and for ALL to learn..
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!!
--
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 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.**
Hey i am one of the guys who became member od steem just because of you! Thank you ! Keep up the good work !
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Here, have some love. :)
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I'm gaining hope in steemit because of gestures like yours, thanks a lot man! (I stood up for Haejin and had the mega downvote brigade come) but in all honesty I genuinely came because Haejin makes my money work and I appreciate that.
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Brought your rep from 10 to 11 with this upvote. You're welcome!
As I said in a recent comment -- it's really amusing that jealous losers are fighting @haejin for the pennies he's making on Steemit, while he's making dollars using what he's sharing with us for free.
I am recovering from multiple concussions and one of the four major symptoms is irritability (the others being headaches, sleep issues, and I forget the last -- that's humor, it's forgetfulness :) ), and when he attacked me months ago as well as days ago, it really affected me negatively.
Both times I said something like "okay, I'll leave" and I'm glad I didn't. There are genuinely good people here, and @haejin's one of them. I like to think I'm another. :)
Take care!
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Sorry to hear about your concussions brother. I'l keep my opinion regarding the down vote situation but I want to wish you a fast recovery <3
What doesn't kill us makes us stronger !
Happy holidays :)
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This is insane, and I have recently joined Steem; though however, It's quite unbelievable how low people are willing to harvest profits for themselves! Go
@haejin help us learn !
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Thanks so much! I can't believe it took me this long to get back to you but I've been really enjoying the genuine people which keep steemit alive. Good to know you're out there :)
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Oh, and by the way -- from his attack a few days ago, I gathered a list of his bots. Pray for him; although he's lost and has demons inhabiting, I believe that any soul can be redeemed, even up to the instant before the end of time.
https://steemit.com/steemit/@libertyteeth/fishing-for-berniesanders-accounts-found-60-of-them-pray-for-him-pray-those-demons-out
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I’m new to Steemit and just from what I have seen this berniesanders dude just doesn’t want to see other people be more successful than him. Sad to have people like him on such a great site!
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Thank you, I agree. And it's sad, because the people bullying are those who are hurting most inside.
But I really don't care one whit how much he's hurting inside (we all are, to various degrees) -- when someone initiates aggression, then they're doing life wrong.
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Haejin is amazing.
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Eyy! that was kind of you :)!
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we are in a decentralized community so spread your love to everyone of us :D
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We need people like you because recently there have been so many haters of @haejin. It’s a real battle, but its good to see more people are still coming because of @haejin! Good luck here on the platform!
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AHHH NOOO! i bought 1000 dollars worth of TRON at .06 cents do you think it will go higher tonight? Should I sell tonight ?
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I would wait. It's a correction so it doesn't mean the coin can't revisit higher values. I think with the upcoming items that are soon to be launched it should go to at least .06 if not higher. Just my two though I am not an expert by any means.
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Your money, your call
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Do you enjoy @Haejin content? If so, please consider adding STEEM POWER to your account. It will stop downvoters from making his content invisible.
It is super easy. Just read this blog.
https://steemit.com/steem/@yogi.artist/the-simple-guide-to-converting-your-steem-into-steem-power-new-user-power-up-walkthrough
Steemit is a community and we all must pitch in to help our friend @haejin!
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@romanesco1. Done. Thanks.
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Thanks for the advice, you are typically on point with what i have used so far. I need to learn this information.
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I was wondering about this coin, thanks!
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hmm now that i have noticed, firstly, trading view, then now coinigy
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Thank you Haejin! Congrats on level 70 as well :)
BTW the market is bleeding hard. Korean exchanges hack by whitehat hackers resulted in FUD? Bloodbath currently.
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@kaliju
"Korean exchanges hack by whitehat hackers".
Do you have an article/news link to support this claim? Let me know.
Cheers,
@Yehey
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https://cointelegraph.com/news/south-korea-five-local-bitcoin-exchanges-fail-security-test-hacked-with-basic-tools
Scary stuff.
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@kaliju
Thank you for the link. This is bad for alt coins listed on these exchange. I wonder if they have permission to do penetration testing to these exchanges. Here in the US, you need approval first. Well blackhat hackers don't need one.
cheers,
@yehey
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That and over 1.5K followers in 2 days!
I'm sure some quasi-anarchists would be feeling burnt by all the success.
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Why is Haejin hated so much now
https://steemit.com/steemit/@pathi/why-is-haejin-hated-so-much-steemit-drama
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@haejin
I have TRON in my portfolio but I am holding it for a long run. So I'm not worried at this time. As you have said before correction is a good thing.
Cheers
@yehey
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EMC2
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very well written article, quick read and solid information. followed ;)
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NEO
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XVG
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Hey Haejin awesome analysis. Possible to do an update on GCR?
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Thanks a lot for your post on TRON (TRX). Initially I did not want to believe it as I was firmly holding onto the belief of "irrepressible"uptrend of TRX. But then I realized TRX too has got its limits and reconciled myself to accept the truth--what you have indicated of course. Of course, there is a cosolation --I can buy some more TRX low!
So, as a new convert I am following up on your tutorlals and thanks again and may you get strength and wisdom to publish many more of such indicators for newbies like us.
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Please check Mona Coin .
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Oh boy, I'd love to. Keep in mind I am A TOTAL N00B AND THIS IS NOT SOUND ADVICE but maybe I'm close.
I'd say from my VERY LIMITED viewpoint that you should expect a dip to as low as about $7 or $6
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The 4th wave is pretty much touching the 1st wave. Remember, the can't overlap.
Also the 3rd wave should never be the shortest. Your count has 1 the longest and 5 almost as same as 1. For cryptos, the general guideline is that the fifth tends to be the longest (doesn't have to be) so typically, 1 is the shortest.
For future reference:
3 absolute must rules for Elliott waves
#1 - Wave 2 cannot retrace more than 100% of Wave 1
#2 - Wave 3 cannot be the shortest of the 3 impulse waves
#3 - Wave 4 cannot overlap Wave 1
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Yes I was looking for the lowest possible wave 4 count. thanks for pointing out the 3rd wave being shortest, should have drawn wave 5 shorter than I did. nice summary!
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@haejin, please do an analysis on good ole Peercoin...Thanks!
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Verge (XVG) Correction is happening right now. Until what level can touch if we compare with the pair BTC
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Curious what you think @haejin , with BTC potentially hitting around $10k. If XVG dips near $.05 I'm ready to BTFD.
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HELL YEAH!
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Thank you as always @haejin. Additionally, Storj is displaying the most prominent cup and handle!
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Someone knows what's ripple 's target and.. if we have to watch out for a correctinon?
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Ripple is on a rampage, i sold what i thought was top. Then it started going down and i was kicking my self, now it's going back up. Ppl are panicking from market crash and going to Ripple as safety
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Good job
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@haejin i got someone that works for steemit, would u like me to hand this problem??
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can you please comment on the price movement of SBD?
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혜진님!
왜 팀코리아에서는 활동안하시나요?
부디.. 많은 한국인을 위해 한국어로도 포스트를 부탁드려도 될까요?
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@haejin what is your long term projection on this bad boy?
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thank you as usual! are your charts available for editing and use on tradingview?
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I bought some tron this morning
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Can You pls do FLDC looks to be a very long hold but but my eliot skills can't see out that far.
Thank You
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Great. Thanks! I was getting ready to buy this coin.
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Can you do a quick digibyte update?
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Moon...just be patient.
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Thank you very much, Haejin, for such findings of yours and heads up about this. Otherwise, I would have sold all my TRX, leaving myself with no options but with a painful loss. Instead, this analysis of yours enabled me to keep my TRX and hybonate, preventing loss and allowing me to see some light in the tunnel to get to the other side, Haejin :)
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Haejin I've just joined this place the other day, but I've only been reading your stuff this whole time I think lol. Learning so much. Thanks for posting this stuff.
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Thank you.
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Looks like TRX already bottomed out?
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We love Haejin Lee, analyst and man! I earn a lot of wealth with his kind free posts and i am forever grateful. Please UPVOTE HAEJIN!
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I feel like I've learned so much about financials and analysis in general just from following the bitcoin trend and seeing articles like yours. Thank you!
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