WAVES is Carving Out a Double Combination

haejin (87)in #waves • 7 years ago

SUMMARY

IF WAVES completed its correction after a single downdraft; it'll be considered to quick. Waves does not have enought network effect maturity to run through an accelerated correction. Even if price decisively breached the blue resistance line, it is most likely to succumb to additional sideways action. You can the action from circled white wave 1 to 2 as a potential fractal of the upcoming sideways price action.

For now, the blue wxy is temporarily marked with likely change to the wxyxz where z could become a triangle or a channel that would allow the needed time extension to this correction. A breach of the blue resistance line will likely be in the form of a three wave countertrend which is good for swing trading but not for expectation of quick arrival of blue skies. The correction likely has a bit more to go.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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!!
--
--

#money #cryptocurrency #blockchain #altcoins

7 years ago in #waves by haejin (87)

$69.36

Sort:

Trending

[-]

karimcompadre (25) 7 years ago

you say you do that to help people. I and many others have lost a lot of money by blindly following you. so we are the stupid ones. you teach in trading now and you say you have 15 years of experience. I have learned a lot thanks to @philakonesteemit and I still call myself amateur but a much better analyst than you now. @philakonesteemit teaches us about elliott waves fibonacci, macd and other indicators. he knows exactly how to buy and sell in detail. He shares this free on youtube and updates on his twitter. All this for free. You do this to make money on steemit and not to help people. from January we are in a bearish. both for bitcoin and altcoin and you encourage people from January to buy further because you say the market is bullish. Stop hurting people and you must follow lessons yourself before make analysis. I follow this men already 2 months and he is realy good. What i lost by follow you. I am making now profit by not follow you and follow this men: https://steemit.com/@philakonesteemit

$0.00

2 votes

[-]

thabiggdogg (56) 7 years ago

@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.

$0.00

[-]

spiritualmatters (55) 7 years ago (edited)

karimcompadre:

lost a lot of money by blindly following you. so we are the stupid ones.

Yep...in the wonderful world of crypto it's smart to read the fine print (disclaimers).

haejin:

Plain English: This is only my opinion, make of it what you wish.

Btw, it's only stupidity if you don't learn the life-lesson intended. It's clear you've learned something. I'd surmise you're not 'stupid' by any stretch of the imagination.

Peace.

$0.00

[-]