SUMMARY
SALT was propelled to a five wave completiong by the Cu & Handle pattern and the subsequent expanded ABC flat correction led to a near 0.94 Fibonacci retracement. Such deep retracements are a personality trait effect for Altcoins. The reason for this has been explained and detailed in previous posts. Every correction has an end and the key is to identify the indicators that signal the correction bottom which is a process and not an event.
Further detailed Elliott Wave labels show that the C wave of the Flat is subdivided into wxyxz and the final (Z) itself is a complex sideways action with incremental lower lows. The terminal pattern is also showing to be a downward looking wedge and price being so proximal to the apex; a breakout is due. When? I don't know precisely...nobody does; but probability says soon.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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To the moon
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SALT OF THE EARTH!!!
Looks like DGB had a breakout @haejin ...care to confirm? Thanks~!
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@tokyoin Salt of the Earth! lol
You mean digibyte had a breakout too? I am comfirming that now. Been away a bit from the coinmarket with all these downward trend going on....
But i awlways have the corner of my eyes ready to glare.
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hey there click on my link to earn 2000 per month free vote and tell me if you like it
https://steemit.com/money/@wolf92/easy-job-from-home-earn-at-least-2000-dollers-per-month
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For anyone interested I've started an in-depth guide on technical analysis. Check it out:
https://steemit.com/bitcoin/@drumsta/complete-newbies-guide-to-technical-analysis-for-crypto-bonus-test-part-1
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Make sure you downvote all of @Haejin's scammy post!!!
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Hgin You should stop your SCAMS NOW!!!
https://steemit.com/stewardsofgondor/@iknowwhoyouare/i-haven-t-gone-away-and-continue-my-efforts
@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.
@Haejin You do not provide any entertainment. I brought you some.
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Waoh very nice
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Been waiting for salt. Come on salt, time to take off!
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good news buddy, now bitcoin has started to increase from before, I doubted yesterday whether bitcoin would soon be closed, because I had spent some money yesterday to buy bitcoin, and now I'm sure that what yesterday's action will make money.
Thank you for sharing
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blockchain altcoins
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Thanks for the hard work. Love your posts :) Would love to see this graph against the moving averages.
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Salt to the moon!
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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 62 and the total pending payments to posts in these categories was $2831.23. To see the full list of highest paid posts across all accounts categories, click here.
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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 125.02 SBD, based on the pending payout at the time the data was extracted.
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Coins mentioned in post:
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This endorsement should be a great boost. Look forward to this.
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⚡ Philakone Vs Haejin Lee ⚡
Since math was discovered and not created, we cannot assume that others' methods are incorrect, only that they do not follow the specific rules that we understand. Some TA s lash out at Haejin for his free hand style, but he understands the world differently then we do: He sees fractals where we follow Elliott rules... perhaps there is something Mr Elliott missed. To invalidate Mr. Lee method is to invalidate the discovery of gravity or to doubt that the earth is round.
While you were studying your books, I was studying you. A huge fan of both, and to clarify: Haejin thinks Crypto is alive...
https://steemit.com/philakone/@exxposedorg/philakone-vs-haejin-lee
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