Bern CASH (BERN): Cup & Handle Breakout Near?
SUMMARY
Bern Cash (BERN), is at the terminal end of a recovery from a vertical trajectory! Going vertical in price to a zone it couldn't handle is not sustainable. You lose wind decline back down to below the initial point. The below chart shows how BERN screamed high and just collapsed below the the prior wave 2...a near 86.6% decline; as shown by the red a,b,c waves. Elliott Waves states that following a five wave movement, there comes an abc correction.
The a,b,c corection often lasts quite a while for Altcoins because it carries more need for time as much as price decline. That's what an abc correction brings, a sudden decline followed by a very slow sideways churning of price between buyers and sellers.
Once the handle formation is complete, price is expected to resume an impulse as shown below by white Elliott Waves at a smaller degree of trend. Still, much of this depends on Bitcoin (BTC) direction.
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.
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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Feel the BERN!!!
haejin TA is like this pile of poo!!
Looks like Bitcoin is going to feel the burn very very soon: https://steemit.com/bitcoin/@investingtips/textbook-symmetrical-triangle-on-btcusd
i am good in TA than haejin.Let me ask i tell you whats next move?
more informative post for us...thanks for sharing
Thank you for good information!
its bad information, people wake up. A coin with no info on it, no forum posts besides a Hi comment in several months, $2700 trading volume. Are you people serious, stop up voting for this crap.
He even replied with his damn SPR quote (now hidden), well he said the same thing in his Bitconnect blog that earned him hundreds. He suggested it at $400 and its now under $11
There are hundreds of coins that are much better to buy into and way way safer
Thank your very much. Could you please analyse Cardano (ADA). That would be very nice.
Must have taken you a lot of time locating all these obscure coins. Anyway i appreciate the effort. Many times i saw your coverage here and went to research more on the coin
Haejin you mention we buy bitcoin at $8000 or 7k.Because you show it going to that area.I am waiting but its not going there. @salahuddin2004 mention to buy at 10k for target of 20k before 30 March. Look like his predictions on top at the moment even for eos litecoin etc.Please reply with honesty.
I agree with Haejin. BTC goes to 8k. https://steemit.com/bitcoin/@stew/bitcoin-update-all-roads-seem-to-be-pointing-towards-usd8000
But no whitepaper, no roadmap and no team.
This coin go nowere.
Take some free money in this selection of airdrop
https://steemit.com/cryptocurrency/@suitsatwork/airdrop-gratuit
Bitcoin is going to $7k (in my opinion): https://steemit.com/bitcoin/@investingtips/usd7-000-bitcoin-incoming-before-cme-futures-ends-today
Yeah, everyone was jumping back on last night, glad i sold out more. some strong support at 10k. Going to be an interesting few hours
there is nothing to research, it is garbage. $2700 trading volume. just look at their own forum, only a hi comment in the last several months
http://forum.berncoin.org/index.php
there is nothing here.
I'm collecting bitcoin
Hi @Haejin... I have been following you recently and enjoy your posts.
It saddens me to see you And @ranchorelaxo get trolled by people who have nothing better to do. If it ever bothers you, just know that the forces of evil like to enjoy beautiful things.
haejin TA is like this pile of poo!!
Are you a team of people? How do you cover so much?
haejin TA is like this pile of poo!!
Great one!!!!So many things to learn for a beginner like me
Dude that is an obvious pump and dump.
I heard that one particular PnD group selects only low volume coins to pump on CRYPTOPIA specifically, since they have the most sh*t coins out there.
I agree with you.
Everyone invest in this will lose a lot of money in the dump.
Yup, this could increase over long term if the entire market is going up. But there are coins that are much much safer that also have good looking charts.
look at that volume. lol good luck selling out