SUMMARY
1st Blood (1ST) is still a work in progress for the Cup & Handle pattern. The hand has extended the retracement with the Bitcoin decline. Price has not exceeded the low point of the Cup pattern and thus has not been invalidated. The red abc waves have been updated to reflect the extension.
A closer look shows how the subwaves have been placed. The red abc shows that it's likely a flat correction. The red a wave subwaves are shown and thus not a five wave impulse down; hence not a zig zag. The red c wave is also subwaved into five as shown. Either the last wave v is complete or will very soon. The blue lines outline an ending wedge pattern that would be fitting for a breakout.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Very interesting take on this coin. Can't say I see much of a future with this coin.
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WANNA 350 $ FREE
5 token worth 350$
http://legtm.me/756016
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does that mean another crypto 'bloodbath'?
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When you copy/paste or repeatedly type the same comments you could be mistaken for a bot.
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Thank You! ⚜
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Your dog of bich @haejin shut up
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looking at your profile it is VERY CLEAR you want attention so you are posting here... The drama is between bernie and Haejin... just stfu
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I agree.
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Cool, your spamming of your hateful lies have earned you a report on @steemcleaners.
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What? That's meant to be threatening?
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You bich @haejin why you fight with my friend @berniesanders .his repotetion on -18 because of you bich @haejin . com on fight withe me @haejin vote me down I will destroy you every time
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FREE Fundamental Analysis Videos! https://steemit.com/bitcoin/@investingtips/free-crypto-fundamental-analysis-videos
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How come you support none of your followers?
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해진님 즐거운 아침입니다 모든 잡음은 아름다운 음률로 가라앉히고 행복한 하루되셔요^^~
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These corrective waves have been an education. Prior to January, I hadn't read far enough in the Elliott Wave Principles book to understand corrections! No better way to learn other than by living through them, I guess. I've definitely learned that, when counting corrective waves, that it's a game of probabilities and crossing off the wave counts that can't work according to Elliott's rules. Thanks Haejin for your work, I'm (slowly) learning to fish for myself.
Also, I saw Brendan Blumer, of Block.one, hint at a future social media platform to be built on top of EOS (in a recent tweet). I'm hoping that it will be a better platform than Steemit, since Steemit has allowed for these trolls to interrupt those who are trying to learn and do no harm. Thanks for your patience, Haejin, I really appreciate all you've done. The haters are flat-wrong, again.
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If it gets invalidated then it will take another pattern, possibly a double cup and handle. It would also greatly extent its recovery time.
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Thanks for the update Haejin.
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GO GO GOOOO!!!!
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Great post Haejin , thank you !
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