SUMMARY
I like EMC2! This coin is in the process of completing the third fractal downward pointing symmetrical triangle. It's quite appealing to see how the contracting lines limit the price mobility and almost traps it within the grasps of the lines. Note that as price approaches the apex; the point at which the two lines intersect, price becomes far more agitated. Also, most importantly, there comes a point where not a seller is to be seen. All sellers have sold what they have and left the bar....so that only ones left are the buyers. This is when price explodes up and out of such bullish patterns.
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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First! Boom!
Two things I have learned over the years in investing, which is so applicable here -
Thanks for analysis as always!
Whose interested in seeing a Digibyte game like this?
I'd play it for the lulz :)
Until Bitcoin starts moving north again nothing is going to go up, you can draw all the fancy lines you want.
NEO, GAS, ANT and EOS are all moving up fast these days :) Really glad i decided to HODL and ride out the storm..
Nothing is certain in the world of cryptos ;)
Thanks. The overall downtrend of the market doesn't bother you, right? You look at it as a good opportunity to buy on discount, right?
Sure!
However, I hope it is just a short sales season :D
Yeah, me too. A, "flash" sale!
Thanks Haejin! Should we buy in this market or wait for BTC to rise again?
Thank you very much for your analysis @haejin, you do an excellent job. Thanks to you, I have succeeded in making many successful trades. Keep up the good work, buddy. Greetings from Venezuela ;)
hang on there! greetings from serbia! :)
What's your price target on this one @Haejin? 18.000 sats?
Thank you so much @Haejin for your hard work!
Muchas gracias por tu análisis
baaammm
I like this. many many thanks.
I have been holding onto this for a while now and was hoping for this news. I as well studied the chart and this post confirmed it (learnt from your tutorials and still learning). Can you please do one on Achain (ACT). I have researched a lot on it and it looks like solid coin with very good future.
Thanks.
It damn well better because I like what they do, but I got a bunch at the $2ish mark and then they kept going down. About the only real loss, but will wait for the big rise again and hopefully better.
thanx for the update bro
thank you for sharing, this is a very valuable input for us better fore especially in buying and selling in the trading market.
Always helpful =) Thanks!
#ENTERTAINMENT PURPOSE? :D :D
this statement has legal purpose, what did you think?