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SUMMARY
Twenty eight days ago, I put out an [analysis on LBC when it was $0.21[(https://steemit.com/bitcoin/@haejin/lbry-credits-is-the-library-of-wealth-target-usd1-58-1-100-profit-potential). The below chart was used:
Currently, LBC is $0.35 and that means a 66% Profit has been made!! But LBC is JUST GETTING STARTED and the next short term target is $0.45 and then onwwards to $1.80!!!
For the below LBC/BTC, a double rounding bottoms are discerned! Target would be 0.000408 BTC!!
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?
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:
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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.**
I love the library of wealth 🥂
Me too^^. One of my favorite coins.
Thank you Haejin, invested in this one after reading your TA...64% up for me already! MASSIVE!!
Thank you can you check out Chainlink its only on Binance but it's super low
Bought this and many others thanks to you @haejin! But most importantly have learned invaluable TA lessons from you.
Please when possible could you do an analysis on Name coin (NMC), thanks.
Here what I see, handle forming... but I can be wrong. Strong SELL, imo.
Thanks @wvw.insomnia, could your first ABC be the handle, with wave 1 a break out of the handle?
@haejin if you have time please could you comment, thanks
@kean-1 yes... 1st wave is motive wave so it only need abc correction. Sorry, mb
Thanks god I put this nowdays; "This is only my point of view. Your decisions are your own. It could be like this;"
I need help desperately: I am studying EW counting very carefully thanks to your explanations and charts. I've been following you since August and learned a lot about trends. Now I never FOMO or panic again thanks to your simple yet elaborate explanations.
I am not trying to master corrective patterns (seems too complicated to me) but I just want to be able to spot corrective trends better. I have been almost exclusively working on EW counting on XMR and I was very happy to be able to see the pattern deploying as expected these past days.
Now XMR has entered correction phase and first I thought this was a simple ABC correction, but now I think it's maybe a more complicated correction pattern (you told me about the hurry up syndrom in altcoins).
I am desperately trying to understand how to read the XMR correction pattern. How do you know where C is and that an uptrend is not the beginning of a 1st wave but still a corrective wave?
If you have time and if you want to do it, I'd be so glad to get your point of view on the XMR EW count. I think it could be interesting for everyone as it's been almost textbook like.
Thanks a lot, Haejin :)
Here is the update for Monero, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/monero-xmr-update-take-profits-a-correction-approaches-pontentially-towards-usd85
@haejin that chart is a 1 day chart or what?
thank you Haejin! Any thoughts on Iota? It has surpassed your last target.. was wondering if you had any thoughts where it may go from here? thanks
THIS IS THE POWER OF TECHNICAL ANALYSIS!!!!!!
First of al thank you for your incredible charts! When we hit 0.45 cents. Schould I take some profit before the a b c correction? When I do this, can you tell me how low the correction will be, so I can ladder back in around that price?
I started doing my own TA. I keep failing, but I will continue. Thanks again! You are like a teacher for me.
(Sorry if my englisch is not correct)i