SUMMARY
The form and fit condition of any pattern and Elliott Waves is very simple; it has look right. That is the most subjective part of Technical Analysis. For instance, if it doesn't look impulsive; it probably isn't; although there are exceptions.
The below chart of Cindicator (CND) is displaying the right look countours of a 2/3 complete rounded bottom pattern. The right wall building should be initiated by a breakout and since the MACD has already done so; price is following. So, what's next?
Extrapolating the symmetry of the rounded blue price formation (blue arrow); the basin phase can be seen to be nearly complete. The impulse waves (white) could start slow as wave 2 is often lazy in time; but 3,4 and 5 should deliver some staggering profits.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Does anyone else QQ and wish they got some cindicator tokens when you could afford to hold enough to access their projections. ?
I get their projections. Seem useful for active traders -- I'm not, so, doesn't help me. Still a fan and I own some CND. Could be HUGE and the economics of the token is very favorable to early investors.
CND talking major profits.
Bro ARN plz
Very nice project.... 👍
This is a very cool project. The accuracy of their A.I is not the best yet...but it's getting better. Thanks for the analysis Haejin. Still hoping you'll look at Stellar (XLM). ;)
Good! I've been a fan of this project for a while, and I use their bot. Accuracy dipped in Q1 but...we'll see how it goes.
https://docs.google.com/spreadsheets/d/1ZrKfcAN95waPasq9ZEeulDgKp2QDCCXYIDZP4iB7Z8M/edit#gid=1273497350
Thank you dude for sharing about CND I was buy it 24 hundred shatoshi. Hope it will be go there. Dude can I get it soon??
No longer supporting #SteemFlagRewards. They did not like what we provided for them.
dude go fuck your self, fuck the irs and fuck you steemit-abuse
No longer supporting #SteemFlagRewards. They did not like what we provided for them.