SUMMARY
The Head & Shoulders pattern on Ethereum is quite uncanny but also it has morphed and added an ascending right triangle pattern as shown in the below chart. The volume, as it had confirmed the H&S also confirms the ascending right triangle as it is declining. When you get a twofer in bullish patterns, the twofer effect on the price could be a rise. The ascending triangle target is $1,421 which is not too far from $1,382 for the Head & Shoulders target. Let's see if price can breach the horizontal line. This breach is the required step for the pattern to be confirmed as it is nearly if not already complete.
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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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
The Breach will come then UP Up and AWAY TO $2600
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how do you convert a coin back to EURO or USD (not bitUSD) on bitshares ?
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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haha i know - but please do tell
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I would register on a major exchange like coinbase, there you verify your account first (passport etc) and then you can place your banc details
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thanks for the reply. Maybe I didnt ask the question well enough and caused confusion. I know how to transfer BTS back to BTC on bitshares and send BTC to my account on Coinbase and from there to my bank account. What I would like to know is it possible to convert BTS to EURO or USD and keep it on the bitshares exchange, not transfer back to my bank account - is this possible ? I know I can do it to bitUSD but owuld like it in USD ?
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oh my bad, I am not familiar with the bitshares exchange. I thought you simply wanted to cash out.
I guess you try to protect the value of your cryptos until the bullrun is confirmed to continue, right? If thats the case, I would recommend you to exchange your crypto holdings into Tether (which is bound to the dollar and is by itself a crypto currency as well). You might want to check if you find it on bitshares.
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no worries my friend and thanks for the advice. Maybe converting BTS to bitUSD on bitshares is the way to go
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if bitUSD is bound to the dollar as well then sure thing.
I converted part of my holdings into Tether for to protect my portfolio from the devaluation.
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I like haejin; however, I do not like the fact that we forget about previous counts completely and go for a new one without proper closure...are we 100% certain the correction is over? why are not talking about the alternatives? Wasn't awareness key? sorry for the rant. I am not looking for investment advice but wisdom from a master.
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haejin stated in the btc update that this would be a bounce, quit a high one but still just a bounce. You need to check the information properly befor assuming anything wrong.
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I try to draw up several scenarios myself, and my primary counts show a lower low to come. Studying Haejins tutorials and practice over and over :)
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Absolutely
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I'm very irritated with the momentary market... obviously, everybody is expecting Bitcoin (and nothing else, because everything else will go along anyway) to dip downwards to 8k, and lets be honest - before that happens, business will not completely resume - or maybe if the market stays this choppy, by mid-March or so...
So I'm staying away from investing, and many other people will do the same.
If Bitcoin dropped to 4k tomorrow, I would heave a sigh of relief and go for it...
Apart from that, ETH is probably the safest thing you can put your money into at this time, if you simply have to. In effect, the institutions have paralysed the market at the right time (there's a New Year Dip every year) with well-placed curated FUD, and can now dominate it at their leisure.
What were you talking about, Haejin ? Just another creative TA and small-coin marketer.
I have been thinking of unfollowing him simply because my own abilities have grown, but I'm not an ingrate and I still find him very inspirational here and there.
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@jojof. Maybe what you are saying make sense, maybe not at all. Only you can tell. People say all kind of things in the trading community, and presume many things. Sometimes right, sometimes not. You are free to follow whoever you want. As you said, your own abilities have grown, maybe only follow yourself for a while.
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Those who have knowledge, don't predict. Those who predict, don't have knowledge.
Charting is a method of using historical data to gauge the temperature of the market, not predicting the future. No one knows what happens in the next few seconds until it happens. Only thing charting will do is help you make your own choices and confirm gut feelings. He makes alot of analytical scenarios, not financial advise. Use these teachings to learn to chart for yourselves and go with your own gut. Once you find that you are making better moves, that is your own trading style.
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@lorderk. Nothing is 100% sure in trading. According to this post here, there is a shape of a head and shoulder pattern, along with a volume indicator. If the price past above the neck line (white parallel line), then there is a good change to hit the target of around 1421. If it doesn't past above the neckline, then there is a different story. It's always like that in analyising, as far as I know for other analysts too.
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@ropaar, thanks!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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There are more POO stain in here then my kids diaper.
Keep up the good work and never falter to these shit stains. The core followers will be still upvoting and listening. Thank you HaeJin 회장님
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You can mute these people to make their shit go away, I've been muting lots of people recently and all the bots.
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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1st! Hi kimjongpoo!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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Thank you, appreciate the effort, humbly request your view on DNT.
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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if you dont want his information then dont read it .simple
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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 278.35 SBD, based on the pending payout at the time the data was extracted.
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Congratulations @haejin, this post is the ninth most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 393 and the total pending payments to posts in this category was $11497.99. To see the full list of highest paid posts across all accounts categories, click here.
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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Spam is discouraged by the community, including comment spam.
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10 or more generic comments per day that are not in response to a question posed by the post or comment. “Thanks”, “Great Post!”, “Nice”, “Follow me”, etc
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Thank You!
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yeww taking out the trash
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and he only votes on himself!! not you ignorant followers!!
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and he only votes on himself!! not you ignorant followers!!
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