SUMMARY
Black Coin (BLK) is showing the common symmetrical triangles that often repeat consecutively during an Altcoin correction. Given the breach from the second fractal, price has made sizable effort to continue the breakout.
A closeup shows a five wave impulse up allowed the escape from the triangle trend lines and the resulting correction seems at the latter end of its process. In this case, the pathway is labeled as wxyxz which thus calls for a lower low potential.
As there are almost always more than one way of counting Elliott Waves, the initial down could be counted as an abc subwave for WXYXZ. Often these multiple counts might vary in the pathway but the destination usually remains about the same. Bottom line, the correction is likely at it terminal end and the lower low would likely hit the 0.78 Fibonacci zone.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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
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Whomever is interested about BLK price action, were you interested about its properties?
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This comment has received a 50.00 % upvote from @steemdiffuser thanks to: @stimialiti. Steem on my friend!
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You got a 50.00% upvote from @greengrowth thanks to @stimialiti! You too can use @GreenGrowth by sending your post URL in the memo field to the bot. Minimum bid is 0.01.
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Dear @haejin
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thank you
Would you be kind enough to review this post and give constructive criticism,,,
https://steemit.com/bitcoin/@richatvns/reality-for-cryptocurrency-market-volatility-why-it-will-continue-this-year-simple-and-clear-reasons
I do some of my research and observations differently buy by using some of the graph trend nomenclature it you teach, it goes right in and makes sense with how my analysis will correlated with real crypto-markets and has given validity to many of my suppositions....
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@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.
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Such a cry baby! Keep your trash for you ! GFY
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https://steemit.com/photography/@tufi/examined-more-closely sürpriz
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Wow nice post.
Cripto currentsy market news
Thanks for sharing
@haejin
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Dip time profits analysis
https://steemit.com/cryptocurrency/@chandanathota/best-coins-to-invest-for-guaranteed-profits-at-this-dip
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Nice post @haejin
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everytime I see blackcoin I remember my faucethub.io account!
great post!
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Great Tip!
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Thanks for sharing... And for this great information
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Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 164.32 SBD, based on the pending payout at the time the data was extracted.
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Congratulations @haejin, this post is the sixth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 44 and the total pending payments to posts in these categories was $2460.80. To see the full list of highest paid posts across all accounts categories, click here.
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Reward Pool Rapist (RPR)
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Tron was here
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:O
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WE ARE THE RESISTANCE!
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Haejin is far from being a minnow that needs protection from @The-Resistance
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