SUMMARY
Veritaseum (VERI/USD) has not yet bottomed. It's correction commenced on January 7th and likely has a bit more lower low to go. It had and still does fit well into the boundaries of a wedge pattern as shown in below chart. This correction is quite natural because it's following an impulse motive of five waves (blue).
This chart sows a full doc of waves and subwaves. Instead of an ABC trace; the WXYXZ (yellow) is used to label the declining retracement. The yellow Z is furthre subdivided as a micro wxyxz (white) which calls for a lower low; perhaps one last time. At around $143; the price proximity tot he Apex would be ideal for the start of a trend reversal.
Fibonacci shows that $143 woudl equate to about 0.618 retracement. For Cryptos, deep retracement is often the norm given the shortage in liquidity. In due time (years?), this should change where volatitlity and % drawdown will both decrease.
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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Fucking idiot, Piss-off the important tags with your self voting.
#bitcoin #money #cryptocurrency #blockchain
Use #HeajinTA, #HeajinBS, #greedyasfuck or something more appropriate.
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It's Haejin you dense imbecile! (해진) not Heajin...you should know better for you are Korean also!
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What??? grumpycat/madpuppy is Korean?? How do you know that?
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@haejin, if you know the true identity of GC, would you mind telling it? I really would like to talk with the person behind the cat mask!
FD.
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WE ARE THE RESISTANCE!
@GrumpyCat
Your self upvote is flagged by The-Resistance team using the WE-RESIST bot.
We will be resisting with a team, stronger each day, unless you stop downvoting innocent people.
To your tyranny WE-RESIST
The Resistance
Discord: https://discord.gg/qMWCbWR
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WE ARE THE RESISTANCE!
@GrumpyCat
Your self upvote is flagged by The-Resistance team using the WE-RESIST bot.
We will be resisting with a team, stronger each day, unless you stop downvoting innocent people.
To your tyranny WE-RESIST
The Resistance
Discord: https://discord.gg/qMWCbWR
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You need to receive more delegations!
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@haejin, we don't operate on delegations. What we need is more minnows that have enough heart and courage to protect each other from @GrumpyCat that is flagging them as "collateral damage" in his fight with bots.
@The-Resistance
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Minnows and whales are welcome to help, whether it's by delegation or by signing up with the resistance bot.
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How bad is he even hurting minnows that use the bots that allow upvotes after 3.5 days? I've not really seen a full flag on any of them unless they've been warned numerous times.
I'm sure you know more about this than me, so please enlighten me. @the-resistance just seems like spam with always replying the same thing.
I'm not on either side of this, for the record.
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Thanks, very good post !!!!
Awesome Work!
Keep it up!!!
@cryptoinvestinfo
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Spam is discouraged by the community, including comment spam.
Tips to avoid being flagged
Thank You! ⚜
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Wow
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This is the first time i heard about this coin.
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It's the shittiest shit and shouldn't be worth more than a slap in the face.
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WE ARE THE RESISTANCE!
@GrumpyCat
Your self upvote is flagged by The-Resistance team using the WE-RESIST bot.
We will be resisting with a team, stronger each day, unless you stop downvoting innocent people.
To your tyranny WE-RESIST
The Resistance
Discord: https://discord.gg/qMWCbWR
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I missed the ICO, I was too busy mining VERITASEUM.
https://www.cryptocompare.com/coins/veri/post/p_111171
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WE ARE THE RESISTANCE!
@GrumpyCat
Your self upvote is flagged by The-Resistance team using the WE-RESIST bot.
We will be resisting with a team, stronger each day, unless you stop downvoting innocent people.
To your tyranny WE-RESIST
The Resistance
Discord: https://discord.gg/qMWCbWR
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Lol gotta admit this was an amusing comment. By the way, you from Seoul? Daejeon? I lived in Anyang and Bucheon for a couple of years, still my favourite country in Asia.
(Try to avoid flagging me this time @done, I'm literally just curious)
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Veritesum is one of lowest Coin in Volume! Nice Coin check it out! ;=)
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It's pretty complicated. Where can I go to learn how to read graphs like these @haejin?
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Please review the tutorials linked end of each blog.
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Was it a new currency?
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Leaving comments asking for votes, follows, or other self promotional messages could be seen as spam.
Your Reputation Could be a Tasty Snack with the Wrong Comment!
Thank You! ⚜
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wow good information keep it up
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Always a lot of issues in the world of blockchainc and you think we should change our view. We'd better make an analysis after an event has happened, if not, it's the same as speculating, and that could be good and could be pretty bad for the business world. Good job @haijen
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WE ARE THE RESISTANCE!
You are bullied by @grumpycat on your post, but protected by all members of The Resistance.
Thank you for being in The Resistance.
@GrumpyCat, to your tyranny WE-RESIST
The Resistance
Discord: https://discord.gg/qMWCbWR
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great information. thank you
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EXCELLENT ARTICLE VERY INFORMATIVE, CONGRATULATIONS.!
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good info, thank you!
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Nice update. Thanks for sharing @haejin ✌
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