SUMMARY
As you know, I've been using the below chart of a bull flag pattern to analyze Ethereum (ETH). It calls for an ABC correction with a much lower low. The subwaves match as well as the pattern. However, there are many possibilities and an analyst's job is to best identify the probabilities. To that end, another analysis is shown in the second chart.
A symmetrical triangle with a long bottom trendline support can be drawn as well for ETH. Combined with a top contracting line, this patterns out a symmetrical triangle. The subwves of the red ABCD have been labeled and that leaves the final E wave to go. There might even be a temporary piercing of the bottom line as a bull wick event. The blue arrow represents a D wave breakout potential and the white is for the E wave. I would prefer the E wave since it would be more proximal to the apex and so more energized to sustain the breakout rally.
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.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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very good summary.
I am interested in this interesting explanation. hopefully i can learn through this tutorial you share this.
Thanks for the analyst Sir. I'm invest in the Ethereum for long term :)
Have a try on EOS:-)
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Read My Blog How To Earn ETH And LTC From Android
https://steemit.com/free/@anggajai1419/earn-free-ltc-and-eth-from-android-id-m78p8ofp4mc
fluctuations are part of crypto it is very important to keep aware of it if some one need to get benifits from this crypto #Eth
Awesome video and great summary, ive been so into other coins/tokens as of late sometimes I forget about the big picture of ETH. Thanks for the update and keep up the good work! You get a resteem my friend.
(sorry for the double post) Thanks for the continuous updates on multiple commodity types. You are one of the most accurate analysts Iv'e come across, and furthermore the fact that you teach wave counts is invaluable. I have a few under the radar requests, if any catch your eye your take would be greatly appreciated. OPT on HitBTC (rumors of binance, bittrex additions; both follow the project on twitter). GOLOS (the russian steemit. chart looks intriguing, down to a trickle of volume, and possibly a play if great Steemit news comes out? ) and lastly, NMR. A chart very similar to IOP, an amazing project I discovered through your blog last year. Thanks Haejin!
Hey Haejin,
I've been following your posts and I think this is the first one where we have more or less the same idea regarding the triangle. I made a post (which also mentions a larger H&S forming) and I'd be grateful if you could have a look...its not a long post at all. Thanks :)
https://steemit.com/eth/@ilnomis/ethereum-h-and-s-and-the-current-mini-falling-wedge
Coins mentioned in post:
Very creative content, how much work You had to put in to create so quality post, wonderful. Upvoting from your second account is very justified. Keep working.
Just joking. Shit content, shit author, shit post.
@fenghuang ur doing good job by flagging his posts and this shit comments, keep up Your work man. ;)
Ooh, im gonna cry bcs someone flagged my comment ;(