SUMMARY
Back on February 6, the below chart was used to map out a potential terminal end of a correction. Given that five impulse waves (blue) completed, the requisite abc was seen as a ZigZag (5,3,5) retracement with the subwaves of each shown. Since C waves always have five subwaves, it was projected that on emore wave down towards around 800 Satoshi was posted.
Currently, price shows that pattern morphing was quite actively in progress over the past couple weeks. The below chart shows that while the lower low was placed, the whole correction can now be drawn as an abcde triangle. Note how close price is to the apex of the triangle. This shows a potential for this pattern to be nearly complete. So what's next?
There is good level of confidence that the triangle is likely to be breached to the upside. The initial set of impulse price move could look like the below chart. Exciting times could be ahead!
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
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Tutorial on the use of Fibonacci & Elliott Waves
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I sold my xvg for lend but i don't want to traded...i wanna use it for lending on the Ethlend platform
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Hi @haejin,
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Hi @haejin,
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Hi @haejin,
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I think the triangle will further prolong then break. Seems to be repeating some patterns of last year.
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I feel a lot of your posts, the post is that
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update on MTL Metal please!
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Thank you for this wonderful analysis . I am an investor in this token when its price was 0.00001500 btc . and i wait for his price to climb
Thank you for your great efforts
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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 205.25 SBD, based on the pending payout at the time the data was extracted.
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Congratulations @haejin, this post is the eighth 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 39 and the total pending payments to posts in these categories was $3777.39. To see the full list of highest paid posts across all accounts categories, click here.
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Thats sound cool, so easy profits coming, even with BTC falling down in every moment?
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LOL! Carefull Haejin, a hoard of lesbo sisters are coming at you
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Reported and muted, piece of shit
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