SUMMARY
This is the TenX (PAY)/USD pair and it shows quite a bullish setup. The bottom line is that the handle portion of the correction is nearly complete. The downward wedge has the price near the apex! This is like the closes signal to an end of a correction!
The Elliott waves show a wave 5 target of $13.08 or 270% profit potential. Wave 1 consists of much of the cup portion and wave 2 is what makes the handle; hence the deeper retracement compared to if it was wave 4.
Look how the PAY/BTC pair is behind and lagging the PAY/USD pair. This is because unlike the dollar pair which only has the single variable of changing demand for the coin; the /BTC pair has the change in Bitcoin price itself as a second variable. These compound to having the lagging effect because the demand for the coin must exceed the rate of Bitcoin change.
The PAY/ BTC pair is projected to be carried to 0.00417 BTC. The smaller degree of trend white waves are the subwaves to blue wave 1. Blue wave 2 forms the handle.
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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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.
Tenx, many bad new around them but still going up! It is nice!
Rewards Pool Farmer Alert
He is leasing 30k SP from @minnowbooster then using that to VOTE Up his own 7 Day old comments on random posts at the last minute. Scroll his comments to around the 6 day mark or just go to https://steemd.com/@ryacha21; he has a lot of self love on his own old comments.
HE IS DOING IT OVER AND OVER AND OVER.. He is farming the pool.. If you could help it would be appreciated..
Learn more about this sack of monkey spunk here:
https://steemit.com/shitpost/@pawsdog/the-shit-post-diaries-1-17-18-4
Also kinda a dick move to use the actual good post of another person to post a comment for no other reason to come back and farm it later.
Post Author, @haejin I do apologize.. This dude makes no actual articles of his own so the only way to draw attention to what he is doing is to comment his comments. My sincerest apologies for cluttering up your blog, outing the abusive self voting behavior of @ryacha21
Any reason why this coin should be going up, other than trend analysis? What is new and unique about it that warrants such a rise?
TenX has gone down a lot from the previous ATH and they are making cryptocurrency spendable on 40 million VISA accepted locations with a focus on Europe and they royally screwed themselves up getting their cards canceled compared to Monaco which has been 100% compliant and focused in SEA. I wrote about Monaco here.
TenX has the firs mover advantage and Monaco is just plain better and aesthetically cooler. Also Monaco actually uses their Token and their cards are Free. Yep no delivery or annual fees.
Wise choice but you'll have to wait in a line. Here is a 100% upvote to build your rep. The good whale is trying to throw a fit again. Stupidity and socialism has no bounds though the universe may actually have a few.
What do you think about centra
They were unaffected by Wavecrest but personally I think TenX is a safer bet. MCO is even better if you are just the Buy&Hold type.
God bless you
if the news follows the price move lets hope that the tenX card will be accepted in north America soon.
Is it just me or is this the best moment to get into Verge if you have missed the initial push?
I have rarely seens such an obvious ABCDE triangle.
What do you guys think?
P.S : Sorry for high jacking your comment but following @Haejin's steps I hope more ppl see this opportunity.
TenX is something I've been interested it. It has a huge potential. I don't like its daily candles in the last 30 days though, they're extremely volatile. I'll wait to see more stable candles and a clearer trending path before I commit to it.
LOVE TENX
Love Tenx, it's nice to have a way to spend crypto coins! thanks.
Mobile payments
I like this coin. Go to the moon!.
I hope they get some partnership soon !
Good info I will check this one out and see if i can add it to my portfolio.
Will try to Buy some, and we'll see,IF you're rigth count on me to follow you and upvote resteem all your prediction
Wow ppl are working hard and you dont even have 1 downvote...i can see who is winning
Really appreciate your work Haejin.
I would like to request for you to relook at ZRX. You got a precision hit on that coin. I hope you can update us again
Hey, would you mind analyzing DBC (deepbrainchain)? Seems to me that the correction is nearly done but would love your opinion about it.
very informative post..upvoted
In fact, Bitcoin is an awesome coin thank you to share it among us
Hi Haejin, i like your style man, keep it up!
Would you pleeeease make a TA on SMARTCASH?????? thankssssss :)
Bitcoin will always be the number one coin, i am glad i was able go pursue some while the price was low then, now whenever i think about how much it has accumulated, i am just too happy
Very helpful posting.
I like it.
@musri.photo
All for one , one for all... haejin is the man y’all know that. Best analyst on @steemit.
@creating-wealth
Moon! Its amazing .
can someone tell me where u can buy this with usd? is it even possible?
Any updates for Steem dollars Master Haejin?
Nice! Thanks Haejin!
Dear, you bring me great riches to my families and brothers of many nations. We will be buying 3 goats with our new treasures. Keep up your analysis.
thank you
Just be mindful of TenX's failed product so far - Wavecrest just cancelled the TenX card system. So all of the cards have to be resent out with their new issuer.
It may be a cheap buy in now when it does take off later on.
https://blog.tenx.tech/tenx-update-5th-jan-2018-wavecrest-outlook-2018-new-currencies-special-cards-1f9478a2961f
Hence the recent crash. It's also one of a few alt coins that haven't mooned yet post BTC slump. It was 90k sats prior to BTC mooning in November 2017.
Cup and handles are not a reliable entry point for investors. While they look great when they form, there's only a 50% chance the price target will be met. It's like flipping a coin.
Always believed in this project, love the team behind TenX and what they are trying to accomplish.
Why don't you address all the FAILED predictions you made before making up more bullshit.
Apart from the BTC one (which is still ongoing), I don't see any of the others as failed predictions. Every coin I invested in from Haejin's has gone up minimum 30% (that's because I've sold at around 30% profit). 100%-400% if I had the patience to leave it.
The amount of followers he has speaks for itself.
@materjoe
Then why the fuck is analysis and setting forecasts if there is no timing or price to be aimed for? What a garbage comment.
@jinxr
You could have put your money in any coin in the crypto space of the last 45 days an gotten a minimum of 30% on 95 out of 100 coins. TIMING is his point of exertise. Verge, sustratum, redcoin are just a few from the top of my head he has been calling for atleast 2 weeks+
I don't know if you've realised - but crypto isn't an instant process. Calls he makes don't happen overnight, sometimes they take a few weeks.
I've made 8k following what Haejin has been saying. 500% of my initial invesment.
He gets it wrong, erases all his past predictions from the board, says 'time has elapsed', then makes more prediction until it hopefuly goes up and he can claim his 'wisdom'.
I think you should check haejin predictions results.
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-13-2-day-12-accuracy-14-18
Yes it was a bull market. Not now - Look at the current market (bear market), and look @ the coins he's been calling. Sure, some haven't come through yet, but it takes time.
Have patience. You don't become an instant millionaire overnight, especially in this bear market. Also most of his calls, are up against /BTC. So when BTC does go up to 20k, if you sell prior you're going to make an absolute killing.
There is no time limit on his calls though. Some take a month, others are the next day.
There is also no calls to suggest BUY STRAIGHT AWAY, that's where you do your own research.
He merely points out, where in the cycle it is and suggest that it is a bullish run about to occur - you know like the signal groups on discord. Same thing, they also go off TA.
You just have to be patient through this market. If you wanted to sell, sure - it's a bit late if you still have your hand in BTC. Unfortunately, people on here think this is a pump group - it isn't. Nor is it a get rich overnight scheme.
Take your dumb ass elsewhere. TA is about looking at potential pathways, and isn't an exact science. You'll have better luck with a medium if you expect everything to just go exactly as planned. Exact price and exact timing... dream on! LOL
Haejin would you be able to do a review on KuCoin. KCS/BTC vs KCS/ETH. Thank you. Learning so much everyday following you.
Hi Haejin, could I please request an update for SPR, GRS and Ok when possible. Thank you! :)
Always upvoting of course
Let's hope for huge gains :)
Agreed this week will be the week of Coins and it will up soon as mentioned.
Btc analysis report...
https://steemit.com/btc/@cryptomarketnews/btc-market-corrections-and-portfolio-erosion
I appreciated the interest and interest in the beat coin rather than the big gain, and I sponsored the LTC coin. I hope that you will upload a lot of good information and articles in the future. ^^
Very wary of cryptocurrency that are in cahoots with credit card system. It just does not add up. Eventually it will or supposed to bury the incumbent. So why will credit card system cede their power?
Mr.Haejin What about BTG Bitcoin Gold rewiev, look veery bulish, but its really hard to count waves, price is broken)
i have private keys of some bitcon if interested let me know email me at yadupandey1@gmail.com
All the techinal analysis is looking like its going to be a huge year, i mean everything is booming. Coin used to be a few cents at ground floor stage now there $1 or more.
This is only getting bigger, the problem as always is the big money can pump and crash the system, greed will create alot of movement in price throughout the year, but ultimately Blockchain is here to stay.
Picking the coins that will produce is the key. EOS is looking like the big one this year.
TenX has the attributes of a good ICO in as much as a solid use case, and a transparent team. Truly spendable Crypto and members can be rewarded with a share of the transactional profits.
Kind of resembles the EOS chart when EOS was $.50.