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RE: FREE TECHNICAL ANALYSIS OF BITCOIN, LITECOIN, MONERO, OMG, NEO...any crypto you request! By a 15+ Year Veteran of Elliott Wave Analysis & Chart Pattern Recognition!

in #bitcoin • 7 years ago (edited)

Hi @Haejn, thank you as always for all your help and advice.

Could I ask you to look at Rise (RISE) please.
I'm more interested in the recent chart pattern, I came across this yesterday, and just looking at how the waves have formed, everything looks very neat.
What I would like to know is pattern recognition, could you help with this please?

I'm finding it difficult to find a starting point to count the waves too.

Chart first posted:
047258fd-982e-465c-aa80-2f6c9bce101e.png

Chart later this evening:
75e9bbb6-48e6-46b9-9c60-8a5fd35b1073.png

EDIT - Been doing some reading, and I can see bullish flags, maybe a double top and what could be a start of a HS with the LS completed.

7 years ago in #bitcoin by
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     7 years ago  
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     7 years ago (edited) 

    Hi @haejin, thank you for this, really appreciate it, I just ordered my EW book today!

    If you have time tomorrow, could you look at outlining some of the patterns I mentioned, maybe using the last chart I uploaded, if you can't it's not an issue.

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     7 years ago  

    Great to hear you ordered the EW book. Soon, you shall be very proficient with lots of practice.

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     7 years ago (edited) 


    Here is the count. I assume the all price bars before my 1 is a prior correction that completed. Not how I placed wave c (red) in the prior wave 4 zone.

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     7 years ago  

    Thank you @haejin, most helpful! :)

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