FACTOM (FCT): The Correction is Following Bitcoin
SUMMARY
Factom (FCT) could technnically have put in a bottom but to me, it's too quick. The Altcoins are rarely so fast in correcting. Especially given the extended 5th wave (blue 5). I believe the a,b,c might not be done but clearly much of it depends on Bitcoin's pathway. If BTC sets up for one more lower low, then the current bounce likely would not complete a full impulse. That would be the alternate pathway.
One reason for such slow corrections can be summarized by a friend's remark that often people lose their minds en masse and regains it one by one. The euphoria or fear can cause a temporary loss of minds and regain is a slow process.
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
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Hello @haejin
Good opinion I think it is useful for all steamians.
Thanks for sharing this to us.
Keep it up please.
Visit my posts i hope you like it...
haejin TA is like this pile of poo!!
Original view on EW analysis... Fundamentally FCT is a very strong token with a very tight supply + a pile of well-established business ready to use its technology. Best way of profiting from it - just buy and HODL it for next 3 years. Less trading = more profits!
Thanks!
First...Yehaw...and also forget about this reward pool rape guy!
Bisa saya bergabung joing
haejin TA is like this pile of poo!!
haejin TA is like this pile of poo!!
haejin TA is like this pile of poo!!
haejin TA is like this pile of poo!!
haejin TA is like this pile of poo!!
haejin TA is like this pile of poo!!
haejin TA is like this pile of poo!!
I have vote, restem and follow. Introduce, I am Paknyak Nyaklah (@abda) I am a newcomer in steemit, I need help and guidance of my friends in steemit so I can know many things related to steemit.
haejin TA is like this pile of poo!!
Nice one Factom
Kudos to @haejin
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haejin TA is like this pile of poo!!
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haejin TA is like this pile of poo!!
thanks for sharing
haejin TA is like this pile of poo!!
muchas gracias por compartir tus análisis
haejin TA is like this pile of poo!!
