SUMMARY
Bern Cash (BERN), is at the terminal end of a recovery from a vertical trajectory! Going vertical in price to a zone it couldn't handle is not sustainable. You lose wind decline back down to below the initial point. The below chart shows how BERN screamed high and just collapsed below the the prior wave 2...a near 86.6% decline; as shown by the red a,b,c waves. Elliott Waves states that following a five wave movement, there comes an abc correction.
The a,b,c corection often lasts quite a while for Altcoins because it carries more need for time as much as price decline. That's what an abc correction brings, a sudden decline followed by a very slow sideways churning of price between buyers and sellers.
Once the handle formation is complete, price is expected to resume an impulse as shown below by white Elliott Waves at a smaller degree of trend. Still, much of this depends on Bitcoin (BTC) direction.
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Feel the BERN!!!
i am good in TA than haejin.Let me ask i tell you whats next move?
Looks like Bitcoin is going to feel the burn very very soon: https://steemit.com/bitcoin/@investingtips/textbook-symmetrical-triangle-on-btcusd
more informative post for us...thanks for sharing
Thank you for good information!
Thank your very much. Could you please analyse Cardano (ADA). That would be very nice.
Must have taken you a lot of time locating all these obscure coins. Anyway i appreciate the effort. Many times i saw your coverage here and went to research more on the coin
Haejin you mention we buy bitcoin at $8000 or 7k.Because you show it going to that area.I am waiting but its not going there. @salahuddin2004 mention to buy at 10k for target of 20k before 30 March. Look like his predictions on top at the moment even for eos litecoin etc.Please reply with honesty.
I agree with Haejin. BTC goes to 8k. https://steemit.com/bitcoin/@stew/bitcoin-update-all-roads-seem-to-be-pointing-towards-usd8000
But no whitepaper, no roadmap and no team.
This coin go nowere.
Take some free money in this selection of airdrop
https://steemit.com/cryptocurrency/@suitsatwork/airdrop-gratuit
Bitcoin is going to $7k (in my opinion): https://steemit.com/bitcoin/@investingtips/usd7-000-bitcoin-incoming-before-cme-futures-ends-today
I'm collecting bitcoin
Are you a team of people? How do you cover so much?
Great one!!!!So many things to learn for a beginner like me
Dude that is an obvious pump and dump.
I heard that one particular PnD group selects only low volume coins to pump on CRYPTOPIA specifically, since they have the most sh*t coins out there.
I agree with you.
Everyone invest in this will lose a lot of money in the dump.
It just looks like another crap coin to me. Looks like it's trading in a channel downwards; I wouldn't touch it with a 10 ft poll.
Well, that's what they said about SPR when I recommended it at $0.17 and then went to $3.69
Well getting #rekt by @haejin himself :) I still call crap coin. Time will tell whether I eat those words :D
Haejin, are you bad for steemit?
:'( but it hasn't broken out yet, it's continued it's slide into the shit pile :D
No white paper, no road map, no team.
People will lose money on PnD or must wait the next Pump to go away.
*pole. ;)
Screw all this noise! Let haejin have steemit! stoked for new platforms to dominate. Check out Sphere https://sphere.social/?ref_code=zp7edy9cso9z
Interesting platform, haejin's analysis is great entertainment, his opinion is valued by many Including myself.
Positive energy and massive profits to you.
well that sounded very cult-ish.
There are rumors that haejin may not be good for this platform. I just want to clear up if this is true or not.
ever heard of rewardpoolrape or steemabuse? if you don't, go search articles on those tags. Well, that's what haejin is doing to this community/platform. 70% of his upvote rewards come from himself and ranchorelaxo. And he is feeling that people are starting to see through this abuse, so he's trying to save his cash grab by answering comments, trying to act like he cares about his community all of a sudden. He never replied to comments until a couple of days ago because he didn't care anyways as long as he makes money, anything else doesn't matter, doesn't care about his content nor community. He uploads several times a day to optimize his rewards and by doing so, of course, one of his "TA" will be correct, but most of them make no sense, including this one. His cup is based on a pump and dump (big green candle on the left with massive pullback right after)... Says enough about his experience in TA... or about how much he cares about his content...
Wow Well maybe haejin's heart will grow three times big, and he will all of the sudden change his evil ways. Thank's for helping clear it up.
Look at my wallet haejin.
I clicked the link and got a warning from WOT that the site may be a scam. Any thoughts? I use WOT and adblocker as two of my primary forms of security control (among antivirus firewall, and many others). I know WOT isn't always perfect, but they do have a lot of data. If it's a false positive, I would recommend getting that fixed to the devs ...
Hmm interesting, I haven't gotten anything like that. I'm signed up already, and i didnt experience any problem. I didnt have to pay for anything. I dont think its a scam.
Hehe. Feel the bern. Its useful info and I'll probably use it to decide whether I'll buy or not. I haven't encountered any others lately
Would you do a post of OMGETH pairing please? Just started learning Elliot Wave principles and I know I'm getting parts wrong, all part of being new at something.
OST showing handle of cup and handle as well.
My posts are better
i am very happy to read your post because i learn many think from here..so amazing
Has anybody in here made major profit from these charts?
Muchas gracias por compartir tus análisis
Thank you so much Haejin! Great info! any updates for Civic?
BERN is a shit coin. Do not invest. Why would anyone choose BERN over other coins such as VERGE, NEO, ADA, LTC etc?
Found this line in their website
"BERN was made by the people, for the people, to empower the people to contribute to a political party or candidate 1) instantly 2) with low fees 3) while not feeding the evil empire
that is our present banking system that has enslaved every man, women, and child for hundreds of years."
What sense does it make?
Man can you look that post . i really tired running from your between. its not racism or insulting all the world saw this and they made comment its not racism or anything. get back that flag and l never type to your one more time i really tired. you and your followers flagging all comments and posts. i saw atleast 40 post/comment got flag without reason. Really tired man get back flag and let me continue to my work. You are powerfull guy why u re making wall to new streamian why. i didnt any wrong . why making you killing my more than one month work why. Get back that flag. Really tired
Those lines in last chart looks like utopia, just random uptrend with no real explanation why this coin should rise. Just me or anybody else?
Yes! Look on those down votes :D People nature is to hear what they want to hear even if deep inside they know that investment is worthless. If one "big" steemer or youtuber pumps coin or makes this nonsense TA and shows it will moon, they will love it
I've not heard of Berncash before, thanks for the breakdown seems like something i should keep an eye on.
lol maybe not then.
this is SHIT,this project is almost dead,see the github repository,i used to say okay this man is giving some useful advice with tutorials too but when you post coins like this,where do you find them?listen,TA isn't everything,see what happened with BITCONNECT,could you predict it?now this bern cash,are you out of your mind sir?please behave like a gentleman and give right coins TA,
you are 100 times better than vote bot bernie. I respect you.