SUMMARY
Veritaseum (VERI) is extremely oversold as shown by the daily MACD in the below chart. Not only that, but the MACD has made a lower low BUT price has NOT! Follow the yellow line and it shows. This is a divergence that shouldn't be ignored. The donward wedge pattern also has the price in very close proximity to the Apex. In a scenario of this type, do you think a crash is more likely or a breakout? In which direction would probability point?
The closeup shows a wxyxz for the overall correction. Yes, there are other ways of labeling this and yes, those otehr ways would be technical correct. However, the current labels shows the best form and fit just looks better. This is the bit of subjective nature for Elliott Waves. I've always said, you get two Ellioticians in a room with a chart, an argument is guaranteed to breakout. The white abc being subwaves of the red Z and the white 1,2,3,4,5 are the subwaves of the white c. This correction, for what it's worth, is either doen or is about to and provide at the ver least a sizable bounce breakout. Yes, sideways price action is something to keep aware of becuase this is an Altcoin.
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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Nice one
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Are you tired of it yet, and dizzy? You've going around in the same circle!
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I Like your post.
Please Follow me and upvote my posts.
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I Like your post
Please Follow me, and, upvote my posts...
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https://steemit.com/coolcousin/@avzem21/cool-cousin-ico
You can read this article
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Hey @haejin is BTS looking like your last update about it?
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Always choose a good topic @haejin,
1st we must understand What Is Veritaseum?
Veritaseum builds blockchain-based, peer-to-peer capital markets as software on a global scale. We are taking a wide swath of assets and exposures and placing them on the blockchain as autonomous software that seamlessly connects to parties without the need for a 3rd or authoritarian interest. Any entity with internet access can participate in these capital markets on a peer-to-peer, over-the-counter, and one-on-one basis.
The centralized software platform is designed to cater to existing institutions that are not prepared to take the full leap into distributed capital markets systems. It will run on servers under the control of the client, i.e. the Jamaica Stock Exchange, if they were to enter into a formal agreement with Veritaseum.
How to offer VERI Tokens
)
If you would like to offer rental of your VERI tokens navigate to “Offer VERI Tokens” tab and set your VERI deposit by clicking on the “deposit” button in the header. The tokens won't be transferred to the contract just yet, the value is just an allowance for use in the rental app. You will be asked to sign a transaction in a Metamask dialog window.
After the transaction has been accepted, the new deposit value will appear in the sidebar.
![veritaseum-coin-113.jpg]
(
Next, fill the form in the right panel which requires you to provide Amount, Price, Duration and Expiration. Expiration is not mandatory, by default your offer never expires but you can cancel it before it is accepted. On the top of the form you can also find the current ratio of VERI to ETH. After you fill the form, press Order to create new Offer.
MetaMask plugin will ask you to confirm your transaction in a popup window. Until the transactions is complete and added to the blockchain, you will see a pending transaction in My offers table. Processing on Blockchain takes considerable amount of time, so please arm yourself with patience, usually your transaction should be completed within around 20 seconds.
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Looks like a scam coin.
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where can i buy?
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you say you do that to help people. I and many others have lost a lot of money by blindly following you. so we are the stupid ones. you teach in trading now and you say you have 15 years of experience. I have learned a lot thanks to @philakonesteemit and I still call myself amateur but a much better analyst than you now. @philakonesteemit teaches us about elliott waves fibonacci, macd and other indicators. he knows exactly how to buy and sell in detail. He shares this free on youtube and updates on his twitter. All this for free. You do this to make money on steemit and not to help people. from January we are in a bearish. both for bitcoin and altcoin and you encourage people from January to buy further because you say the market is bullish. Stop hurting people and you must follow lessons yourself before make analysis. I follow this men already 2 months and he is realy good. What i lost by follow you. I am making now profit by not follow you and follow this men: https://steemit.com/@philakonesteemit
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Philakone is a much better analyst. Would also suggest checking out TradeDevil on YouTube. @haejin just draws bullshit lines without checking the overall trend and using even a modicum of common sense or decency. Anyone that was remotely in the loop about alt coins and bitcoin knew it was all going to tank but he kept pumping out useless EXTREMELY IMMINENT EXPLOSION BOOOOLLLLIIIISHHHH predictions. Does he even care about MACD/RSI/SOME fundamentals? Nope... he just wants the steemit rewards.
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dico vobis quia dives difficile intrabit in regnum caelorum
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HELLO My Goldfish Died Today. Can I Get A Few Upvotes?
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I just wanted to say that I admire your braveness posting on here. Because some people are students in the proverbial class of Steemit wit and witticisms. Others are the teachers. I can say without a doubt that you are unique and fall outside of these categories because, to me, you have no class!
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yodi.... go read this https://steemit.com/cryptocurrency/@neilstrauss/how-the-blockchain-can-end-world-poverty
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Read and enjoyed immensely.
You are a curator of no small skill, my alphanumerical friend.
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touché
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Nice.
i want to like you help me to rise up
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Berikan sedikit hadiah kecil untuk saya. 🙂
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Berikan sedikit hadiah kecil untuk saya. 🙂
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Hopefully nobody here got involved with this scammy centralized shitcoin. It's now at $15 out out of the top 100. Still a couple of guys on Youtube tring to shill the crap out of it though. Bix Weir keep telling his subs to buy it at $250, $180, $78 and now all the way down to $15. I'd say he's lost a fortune on Veri if he's actually taking his own advice. Think almost every exchange (and it was just a handful of very obscure and dodgy "exchanges" which carried it) are starting to de-list it. Think it's close to death now.
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Coins mentioned in post:
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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 118.96 SBD, based on the pending payout at the time the data was extracted.
If you do not wish to receive these messages in future, reply with the word "stop".
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Nice post, nice information
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8 spam comments by the same account and most of the other comments are bots. Only two comments actually say anything about the actual submission.
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You should [mute] them and life looks much cleaner.
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Cause this guy is a FUCKING PIECE OF SHITTTTTTTTTTTTTTTTT
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Now is a great time to buy almost anything
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Dear @haejin
You have been flagged via the flag-a-bitch app. The reason is you have been found to be Raping the reward pool with a rate of around 2.133% of the reward fund. To add onto this, your TA's are so horrible that a simple check with a mock portfolio will provide a negative value.
The flag-a-bitch app is being used on you because of your consistent blattant abuse of steemit through means of: abusive self-upvoting, collusive coting groups, and disagreement on rewards. Since we deem that you have been damaging the steem economy, we flag you.
If you would like to help us out with our quest to fight abuse you can check out our post here.
Thank you!
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