MUSIC/USD: Big and Detailed Scores
SUMMARY
MUSIC is moving within a broadening pattern and after having tagged the upper line, it's likely working towards the bottom support line and it's distance is very close. The fact that this support line has held through three consecutive rounded bottom formation bodes well to hold once again. However, it's also well known that the more a support or resistance is hit, the weaker it becomes.
A closer examination shows an expanded flat correction. The subwaves of the final red wave C is shown with the blue Elliott Waves and the five waves fit very well. Could a fourth rounded bottom be probable?
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
@berniesanders
lets see how many downvotes thiss comment can get
Well, I´ll do as you suggested: I´ll follow you! Have a great time! Rolf from the Czech republic.
awesome analysis haejin!
Thank you Haejin. I sincerely appreciate your efforts.
I wanted to request an analysis of a coin, but I'm not sure if you read the request page still. Can you pin it to the top, or side of your blog? It has become buried in crypto time.
The coin is Autonio (NIO). Very young, but if you follow the link to Coincheckup https://coincheckup.com/coins/autonio/charts/advanced there is a Tradingview chart there with tools.
CMC https://coinmarketcap.com/currencies/autonio/
Thanks once more for your genuine and immense contribution to the crypto community.
You've given me peace and sleep. That's worth so much more than $$$
@jdog, I didn't look at the chart but at the site. And of course they are the first and the only one who.......
The problem with this coin is the exchanges where they are sold. As soon as a coin hits a better exchange like Bittrex, Binance or HitBTC most of them react positive on it.
Besides that, the "Truly Automated Trading" is as experts say, not gonna work. I once read about a guy who had tested four or five of them for over a month. He was not impressed.
Happy trading
Hey @winnieoriana,
thanks for taking a look. Autonio is much more than a bot. It is a social trading platform where
tradings can sell effective settings, bought with the NIO token. Trades must be able to produce a minimum 20% above holding, in live trading, to qualify for sale. They have many aspects coming. The platform is going to be release in Chinese within China. They have announced a partnership with BitShares to be embedded within the exchange, and will also be listed on BitShares - of course. They are going to form their own decentralised exchange (March/April release). Also, they have an AI platform that will comb the internet - social media in particular - to rate sentiment for cryptos.
In terms of automated trading, here are some results from my back-testing. I was impressed and am about to start trading live once the market settles.
BTC
Buy and Hold: -18%
Trade: +3%
OMG
Buy and Hold: -1% vs Trade: +58.7%
NEO
Buy & Hold: +11.6% vs Trade: 75.6%
Needless to say, I trade on Elliott waves, but this is a product for the market.
So what I'm looking for is an opinion/analysis by Haejin, if possible, because the coin is traded on ETHD, Mercatox and IDEX...many fat fingers, like people paying 10x value by mistake, causing spikes etc. I don't know how to disregard these.
Nice warning. Thanks
I can't wait till we hear the Altcoin Popcorn Symphony after the correction...UP UP UP!!!!
or there just hasn't been anyone tweeting about music to get a pump going.
Thanks for the music update. :)
hello @heajin the comment I made in post @ hendrix22 about the frog, that's a way of expressing in my country
When someone is investigating or studying another person, one expresses it that way.
My intention was not to offend you.
Sorry.
What do we have to say about the facebook bitcoin ban?
@haejin, wake up........BTC is crashing