SUMMARY
Internet of People (IOP) is currently correcting and finishing a very large Cup & Handle pattern.The symmetrical triangle fractals were well executed and as the symmetry in height from the left side and the right become quite close; a correction was the next step.
Once the handle formation is complete, after retracing about 50% of the right wall side of the cup, price is expected start impulsing again upwards. The chart below shows Elliott Waves going to $31.26 for wave 3 and $35.85 for wave 5.
The IOP/BTC is clearly laggin by far the IOP/USD pair. I've defined the reasons for this lag in earlier blogs and as long as Bitcoin price remains non-constant, the lag will continue. Regardless, the pattern and direction should follow that of the IOP/USD pair.
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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Definitely looks to be trending higher. Good call.
looks like another great opportunity. thanks.
I agree
And here's another good opportunity my friend :)
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I think you just drew some lines for the fun of it my friend, doesn't look like anything to me haha.
@haejin - IOP is a great investment. It is very advanced tech, just test out how fast it is to use, it will soon be associated with the launch of the Hydra token which is using hash graph technology.
This is going to be huge, I am holding for a $100, it might be a good trade, but it is also a very good investment.
Continuing to hold Waves since the 2016 ICO!
Steemit is great for these type of articles @haijin. Keep em coming!
Check out the simple, but detailed report right here for a nice trade with +300% profit with Expanse, posted on Steemit.
-The Beached Whale-
Editor in Chief - The Anderson Report
Too many cup & handles these days...
Was thinking the same thing...lol...we need something to fill them!
Seems like a standard pattern out of ICO.
cool
Thank you so much @Haejin for your hard work!
👌@haejin
Upvoted and resteemed.
I believe that the ioT has been in the works for quit some time. It has all to do with creating machines to do all of the jobs humans do. These cryptos allow them to acheive another goal along the way to doing just that.
Muy bueno tu análisis, gracias
bitcoin is nice cryptocurrency all world
Good informasi i like
thanks ,let me be on the watch
:O
I need to learn more about this:-)
time to see btc, btc down makes all chart change
Nice article
Thanks for the info.
😊
All those bullish scenarios, and yet BTC may fall hard, BTS has already retraced almost 50% ($0.48!), XRP is tangling...
That's weird, and the more I see these blogs, the more I don't know what to think of this mess.
I agree...I really have had to learn not to chase these coins that are ready to "pop"....I show a lot of red on ones I had bought previously including BTS...was supposed to break $1.00 not too long ago...now we are supposed to have 10-15% cash...hmmm...I did and bot the coins previously mentioned....
That's the thing. If BTC tanks, all alts will as well, and all TAs will need to be updated...
Very informative post. Its very helpful!
very informative post
THANK YOU!!! :))
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The bluepaper is a great quick read. If you have any networking background there should be no issues understanding it.
~
Good Buying Opportunity To #HODL. Those who are here for very short term they should avoid as @haejin's Signals are for longerterm minimum 2 weeks and maximum 8 weeks, so buy accordingly.
SO many coins, so little cash.
good!.
When haejin shills your bags. Woohoo!
happy today for you!
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Could we have another BTC update soon? Looks like it's testing the triangle zone support again ($13,200)