1st Blood Update: What will happen after the Handle is complete? KABOOM Time!
SUMMARY
Here is first blood with a very clear and distinct message: Once the handle formation is complete, it will be KABOOOM Time!! The Cup & Handle is quite well known within the cryptosphere as the favorite pattern for enabling a longer and sustainable rally. The target remains solid at $10.05 which represents a 488% profit potential.
One more lower low can be expected as shown by the closer up of the handle pattern and the MACD. This is when a buy ladder would be cast!
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.
Kaboom can be taken in a number of different ways.
is it though?
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-14-1-day-13-accuracy-12-96
I fixed my husbands technical analysis for 1st Blood.
Wonder what the correction looks like...
That an erection and not correction
you nailed it!
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-14-1-day-13-accuracy-12-96
RAMBO TIME!!! Let's get it!!!
@haejin Come on haejin! Why are you doing this!!! Please look again at all the charts. In a bulish market the end of a triangle means going up. This is not a bulish market anymore. ITS BEARISH!
Now a triangle means the stock is gonna show you if it wants to go up or down................SO WAIT what it's gonna do. SEE TRON TRX (Perfect example of the end of a triangle going DOWN!)
As @haejin did learn to you LOOK AT THE BIG PICTURE......................ITS GOING DOWN LIKE AN ASSASSIN.
Guys, please be very carefull. There is an escape into USDT.
With a BTC dominance of 32.6% the bitcoin isn't that dominant anymore. This means coins have taking more and more of their individual path. On the chart of Komodo you can see perfect it's riding a wave. Buy in on the low trent line and get out at the top trent line. Don't buy in to early and don't sell to late. Make one misstake and your potential profit is gone. The up and down movements are getting smaller and smaller. At the end of it's traingel it's not a definition of GOING UP. It CAN GO DOWN
LET THE FIGURES AND CHARTS SPEAK:
Sorry @haejin but I had to do this
A pity you did not take the time to learn EW properly before posting your charts and making an Ass of yourself. I will be happy to show you where your counts on the above charts are wrong and why your argument does not hold up if you would like. Maybe I am wrong and you can show me why your counts are right. I have no proble improving my EW and I learn something new everyday.
Love to hear what you think is happening
My personal take is that this is a strong Bull Market and 2018 will see far greater gains than 2017 did. BTC and the Alt coins are pretty much all currently correcting whether it be an ABC or an ABCDE correction. Cryptos love the 'Hurry up and Wait' syndrome as haegin calls it and if you look at the charts all of the coins are getting towards the terminal ends of their corrections. The problem is that Analysts call the bottom of a coin and then we see a lower low and everyone including the Analysts start going on about a Bear market. The fact is the terminal end of a correction is only known once there is a set of impulse waves to confirm it. This is the reason why haegins laddering system works so well for those trying to catch the bottom as there are rungs below the perceived terminal end. Personally I do not try and catch the bottom as I am not patient enough to have money sitting idle for weeks or months waiting for it to turn. I only trade coins with a high trading volume and I tend to trade wave 3 of 3 and get out. Haejin has told me that is the wrong strategy and succumbs to greed, but for now that works for me.
You might have been right about not learning how to learn EW. At least I was the one who was right wit a prediction of BTC going eventually going to $ 4,000.--
Where did BTC go to $4000.00??? or do you still think it is going to go there?
BTC is currently putting in a 5 wave impulse and if we have a standard correction, We are on our way to ATH. My initial reply still stands
I dont agree on "it's bearish" statement! Do you talk of the coin or cryptos in general? If so, then do some research... I work on the financial market and also in touch with lots of people. The crypto space just started and might get the most power in next next 2 years until the party slows down and only the true and valid coins will remain and show their capabilities in real life applications. But to say we are in a bullish market now? It is the opposite and the year just started.... as last year pretty slow but will gain speed in April I guess.
have an opinion and a good argument, an upvote to you sir
I like the Bulls...
Yeah, me too. But this is a very difficult period. It's like nature...........trees just don't keep growing and growing and growing.
hhahahahaahahaha so true
Zoom out and look at the daily charts for 1ST.
What time frame?? Or are you just trying to get new followers?
I can't wait for the KABOOM TIME
oh come quickly
No kaboom i guess?
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-14-1-day-13-accuracy-12-96
I love this, lol
cool maybe a upvote and follow then too
Thank you
you got to be in it to win it!
Seems like a great buy!
No, it doesnt:
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-14-1-day-13-accuracy-12-96
Great technical analysis. I totally agree with you! 🇷🇴
Been watching this one for some time now.
I hope you stopped watching it..
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-14-1-day-13-accuracy-12-96
Bts update please
Just check the chart for yourself or scroll to the top. You can't say if it's going up or down at this moment. It's on kind of a crossing path right now
Well put! First Blood is set to kaboom! Also great charting and comentary👍 Thank You for sharing😆
Warning look at my comment!
did it kaboom though?
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-14-1-day-13-accuracy-12-96
Thanks!
Haejin,
I love your posts, they are very informative.
I have a few serious questions (not trolling just looking for answers).
Thx in advance.
Well, I had ZERO sucess with haejin :P
Maybe I am just an impatient guy, maybe I just understand everything wrong... but, no bet I did based on Haejin´s projections worked :D
Despite of this, I like his updates :D
is this all sarcasm?
I had one bit of luck with one small trade but I think it was after his technical pattern has long expired. Nevertheless he makes for interesting reading.
guess why this happened?
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-14-1-day-13-accuracy-12-96