ZCash (ZEC) Projections Remain Unchanged, Despite Healthy Correction!
SUMMARY
I like ZCash (ZEC) not for the subterfuge attribute; but for the Technical Perspectives...bullish! Yes, one might be thinking how a bullish sentiment can exist during a correction...very simple, awareness of the higher degree of trends. The best way to perceive this is to not confuse the trees from the forest. While price at a microwave level can flick around like a fish out of the ware, the Ocean remains calm and undisturbed. The below chart contains my prior, original markings, pretty close and now the wave 2 correction is in progress. Not too shabby.
Here is the larger degree of trend perspective which ebs and flows with ease and calm. The microwaves seem nothing more than a tempest in a tea cup! A forgiveable event because it mattered none to the higher degree, real waves. My original targets remain solid!
I'm discerning a probable fractal between the previous correction and current decline. The green boxes show the fractal potential region. What are fractals? They are highly similar but not exact patterns. So, per this, we could see another Cup & Handle or another form of extended, lateral, lengthy correction. They have to live up to their genetic syndrome of Hurry Up & Wait!
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.
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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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This dip has invalidated many of the previously posted elliot counts. Aka it basically invalidates your supposed TA. Are you going to do recounts for them? Looks like you were just stabbing in the dark with lines and shapes if you couldn’t warn that most coins were actually in a wave 5 and a correction imminent. Instead posting that impending “explosions” were nearing. The opposite of what happened. You say do no harm but many bought in recently on your suggestions and have lost huge.
if you are buying just because of his post u deserve to lose money...
If you get conned by a con artist it’s not just your fault is it?
I hope you are right. It has not pumped like the other coins.
No he is not
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-16-4-day-15-accuracy-11-66
My many friends are buying zcash and even according to them zcash mining is still profitable. I just hope best for them.
For any interested traders, we are a pump group at around 1k members at the moment! Join our group early now so you can be one of the first members to help pump up our randomized coins! Spread the word and invite close friends! This is the link: https://discord.gg/4uJECJU
Can you HODL ?
Rofl that made me laugh.
LOL!!!
everything is getting hit today
@kimjongpoo is coming for you!!
HAEJIN FOR EL PRESIDENTE!
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
Zcash mining is yet gainful. I simply seek best after all investor.
So in the last three posts you were talking about a 'woosh' to come. The last bit of the C wave. Now my question is, would a smart investor sell now and buy at the 'end' of the C wave? Or do you only ladder in now with cash on hand?
You say all the time that this correction can only be used by people with cash cash cash. But I do not see how people with 100% in crypto's can't just sell 30% now and ladder in with that 30%. It would still be more profitable according to your analysis? Or is the probability not likely enough to execute this strategy? Would like to hear your thoughts on this and the thoughts of other readers.
Of course you can, I did it with a few coins yesterday. But then you will have to keep a close watch and have a very good sense of when the market will turn. I sold and put in but orders right away, and that worked really well. but I just woke up to XDN having rised 23%, a real bummer because I was hoping for a bigger fall so i missed the train on that one. My point is that for most inexperienced trader it is prob best to just HODL as we know the market will turn again soon... I think that it is important to trade the way that is best for you, and not just listen to others...
Thanks for your advice. I guess I will just HODL... It is hard to make the correct call in these times.
Please see my TA of ZEC as well!
https://steemit.com/zcash/@philakonecrypto/zcash-zec-jan-17-technical-analysis-the-bottom-is-near-long-term-target-usd1-190-for-280-gains