The daily MACD has now decisively crossed bullish (blue circle)!
You can't ignore this, especially in combination with the ascending right triangle formation and Elliott Waves!
THIS IS THE POWER OF TECHNICAL ANALYSIS!
Even if MACD is a lagging indicator, the combination TA approach allows probable pathway discernment!
So bullish now. Does the previous target of approx $7k still hold at this point?
Thanking you kindly again for your hard work ! Can we get an analysis of LTC? I know BTC and LTC have been sharing the same trends, but that doesn't quite look like the case anymore. Thanks in advance!
Beers to come once I get out of this little rut (caused by not listening to you....). I've learned so much from your videos and posts and part of learning is experiencing those failures that you speak of.
Make it a GREAT day!
Will ETH outperform BTC? EOS is also picking up steam. Will it shoot for the moon (Reach a proper valuation it deserve) or do we still have time for that?
Yes finally EOS seems to be building some momentum ... moved back above 60 cents, let's see if it can reverse its trend ... this may be the end of discounted prices. C'mon, it was selling at $5 when it was just a white paper ... now Dawn exists, you would think the market would have adjusted ... not to mention the EOS storage whitepaper released recently (adding value everywhere) .... soo cheap!
Mostly it's the ICO that's creating the downward pressure. You don't need to put your ETH into it if you can buy lower at the market. Those who do participate the ICO can immediately sell EOS if they could buy lower than the market price.
@haejin Please do analysis for ETC. Thank you
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STOPNice day for crypto today Haejin! If I understand well your previous videos, should bitcoin go to 3.000 in order to hit the support line of the broadening pattern before going to 5.xxx?
Not required. I'll track the new waves coming in and update.
haej been killing it with the vids my man. thanks for the hard work and knowledge
Haejin
The target you have on the chart of $5344 ,what is it for ?target before correction ?
A,b,c ?
Thanks !
Yes, before; so it it is abc, the $5,344 will be the top of c
Excellent!