SUMMARY
ENIGMA (ENG) is showing multiple fractal relationships that should be noted. The downward pointing wedges clearly show the baby, mama and papa fractals. Remember that a fractals are patterns that are very similar but not exact. Similar to your left and right hands. As the left hand has an arm and a shoulder attached to it, the right hand fractal could be projected to have the same. While this fractal method is not perfect, it does add valuable directional and target level inputs when combined with Elliott Waves. This is why together, they make a very powerful algorithm to better project the future price pathways.
The below chart of ENG/BTC is in effect repeating three cycles of the wedge fractal. After each, price surged and so, expecting another price surge after the third fractal would not be unreasonable.
Here is the ENG/USD pair displaying the near same patterns! When the /BTC and the /USD pair output highly similar patterns, it means that likely, the demand for the coin will outpace the rate of rise for Bitcoin so that both pairs will rise. However, most likely the /USD pair will lead the /BTC.
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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I will follow you and hope you follow me too so we can support each other and vote up
Enigma is an enigma, but those fractal give a great outlook on the future price action @haejin. I'll be watching to see what happens too!
Looking for more profit though?
Check out the simple, but detailed report right here for an easy trade with +300% profit with Expanse, posted on Steemit.
-The Beached Whale-
Editor in Chief - The Anderson Report
Beach whale, will check that out!
Just posted an analysis on Bitcoin Gold, felt like that was needed:
Bitcoin Gold (BTG) - Analysis (162% POTENTIAL PROFIT) https://steemit.com/bitcoin/@benkalashnikov/bitcoin-gold-btg-analysis-176-potential-profit
I like the project and continue to buy Enigma token
Could you please do an update on Omisego?
gratitude goes along way. You clearly have an epic portfolio, you need to learn to chill and wait for the mega gains.
Chill is my middle name.
Great info.
First :O
goals..
Can we, as the Steemit community, please stop posting memes and "first" comments on this platform? You are more than welcome to post them on /r/CryptoCurrency where they will embrace you with open arms. It feels like @haejin's quality content is getting dishonored in this manner, because memes don't add any value to the original conversation. If more than anything, please provide value and I will happily give you an upvote.
nilonn
inb4 meme reply
Quit your whining, boi.
Do you feel challenged now that you weren't the first one to comment on a thread? I just had a look at your account and your last three comments were litterally "First!!!". Step up your game, boi.
You can't have censorship and decentralization.
It's not about censorship, it's about a change of mind. Memes and cheesy puns can make people, myself included, genuily laugh at times.
I get that it can get temping for some to post "first haha" in order to get easy $SBD.
It's just that I prefer seeing these types of posts on other places of the internet.
I want to feel like not having to wade through a ton of SJW bullshit like this, clickbait articles, sensationalist news stories, memes, blatant propaganda from both sides of the political/religious spectrum or trying to have an intelligent conversation with people, only for them to dismiss you with a "bye Felicia!" or "Quit your whining, boi." or condescending Willy Wonka meme rather than act like an adult and support their stance.
Telling people what to post is censorship.
Sounds like we're all censoring each other.
hi Haejin, nice post as always. Can you do an analysis about Vericoin and Verium coins (Binnary-chain)? Those coins are available via Bittrex but you can find them through Coinigy. I wrote an article today about those two cryptos : https://steemit.com/bitcoin/@crypto-power/beyond-bitcoin-binnary-chain-vericoin-verium
It is so amazing to see those fractals.
Gracias por la información
This is a nice article
Thx:) good luck!!
Thx, another nice post
some good analysis, highly appreciated haejin.
Heajin you are the best
We need your whale help at 0.50 BTS / BitUSD right now in the DEX !
Correction $0.20 or lower..
well you are very pessimistic... we are bouncing back... 20 cents would be a general loss for the whole DEX I dont think it can happen today a 120% loss/ actual price of .47 I dont believe it!
Enjoy the TA https://steemit.com/bitcoin/@philakonecrypto/bitshares-bts-does-2-000-in-60-days-chance-for-a-bounce-with-up-to-50-gains-from-under-usd0-50-to-usd0-70
Hello fox, Irina V. here...
I bought some Enigma. Have anyone an idea for how much can goes this coin up? I read some ideas/projection/forecast of other people when they said this Enigma will be a superhero for people who buyed in last months.
My question is: Do you think Enigma will reach 50 dollars for a buck until december 2018? Because I am prepared to invest a lot :)
Thank you and have a nice day,
Irina V.
great stuff boy
Thanks for analysis.
LIBRARY OF WEALTH - UPDATE - PLEASE
(LBC) hit your target, made a bunch with 3 trades :D thanks @haejin
looking for a good point to buy back in! can you help with your experience of counting waves? correction ahead?
#ENG is a Good Longterm #HODL
Yeah charts showing that it's gonna crash
very good
good!.
happy today for you!
I bought this a couple of weeks ago since I thought it was solving a big problem that is plaguing Bitcoin and others:
Enigma is a second-layer, off-chain network to solve the two biggest blockchains problems: scalability and privacy.
I'll take the bullish chart as well.
+1200% POTENTIAL GAINS | DAILY CRYPTO PICK!
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just fyi people..... the last papa he showed in XVG still digging grounds
I like your post!
I look at the fundamentals for ENG and they look really good. Better than most projects not called ETH and EOS.