SUMMARY
I shall christen Black Coin (BLK) as the "BASIN of WEALTH"!! Check out the wides, longest Cup & Handle pattern I've seen! The price also breached out of the handle formation which was a bullish downward pointing symmetrical triangle. I've posted the Elliott Waves showing a probable price pathway towards $0.98 of 206% profit potential.
The below is that of BLK/BTC pair and a very unique chart with triple consecutive triangle consolidations. Its time length clearly matches that of the BLK/USD pair. I believe the upside can be significant as shown by the target of 0.000638 BTC or 14x current price.
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
Follow me on Twitter for Real Time Alerts!!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: 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.**
Too many basins of wealth at the moment. ;)
Ha. Jinx. I owe you a beer.
ITS JUST AMAZING THANKS TO ALL!! STEEM TO DA MOON!
Haha, thanks 🍻!
what..... GREAT OPPORTUNITY THIS IS HEY!!!
Thanks, not familiar with this crypto. Would you mind looking at STEEM? I know we're still waiting for it to burst the cup-and-handle and fully go bullish but it made a 15% move on a recent 30 min candle, and I was curious to see your interpretation/ forward discernment to see what's changed since the last one. Thanks as always @haejin! Been learning a lot through your videos and the books.
Edit: STEEM spiked even higher after I posted this, briefly went to $1.43 on Bittrex. SBD is also doing some INSANE things, currently at $2.00 on Bittrex and spiked to $3.87??? What is happening lol
haejin you might make us all rich!
Hey guys! Just wanted to share this. You can Earn while you Trade or Hodl at Btcpop.co!
if there are any lazy stakers out their Btcpop stakes deposits for you and gives you proportionate rewards
Good day! You're doing a great job! Please make review about Waves and Syscoin? Thank you!
Very Nice!
Instead of wxy, it's an expanded flat a,b,c. The y wave should be three waves but it subdivides into five so it's an a,b,c flat.
What about MTL looks like it can't go much lower you think?
i dumped mine
Thank-you very much @heajin!
Appreciate your lessons hugely, my crypto friends are now following your blog and I am sure more to come.
In addition to your excellent EW, TA lessons, I am also learning chart patterns recognition, thanks to you.
I wish you massive profits and when the time comes, I will share mine diligently with you.
Another classic cup and handle I may see here:
Great post. Can I ask though how you determine the height (and start position) of the Elliot Waves coming out of the back of the descending triangle on the BLK/BTC chart? I've been through your video tutorials (which are great - thank you), but can't work out how you've determined this. I like to try and understand the the TA before trading! Thanks again.