SUMMARY
Adzcoin (ADZ), after placing a five wave impulse up has started correcting. It has come closer and closer toward the apex of the downward pointing triangle. How much closer can it get? IF this pattern is correct, would the likelihood of a breakout be high or low? While there are instances of where this triangle can further breakdown; so far, it has stayed well within the pattern.
The subwaves show that each red A,B and C divide well into smaller three waves (white abc). Can this pattern morph into a complex? Yes. Can the breakout occur but still generate a lower low? Yes and much depends on the price leadership of Bitcoin. However, there is areason why the call downward wedges bullish and that's because it saps the system of sellers. Could a breakout occur and yet end up making a second wedge? Yes.
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
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Great information,,,
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how about checking out my commentary. We like bitcoin right here.!
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lol
Because haejin predictions are shit.
Check this game out, look close with an open mind with what this new concept is doing with open source Ethereum ERC-20 smart contracts, decentralized exchange and passive income. The game has passed the crypto kitties game on the Dapp Radar. The smart contract is coded to tax 10% of the ETH. when users purchase the (P)roof (O)f (W)eak (H)ands tokens and divides the ETH. tax to people who are already holding and also 10% of when users sell “20% total”. The name of the game is to hold as long as you can while you get earnings from the constantly taxed “Strong hand” buys and the taxed “weak hand” sells. If you don’t want to play anymore, you can pull out all your earnings all at once but with a 10% tax fee that gets divided to the stronger hands. This is what the ERC-20 smart contract is programed to do. Doesn’t hurt to look at the contracts open source code at least, don’t let the opportunity pass you by.
https://powh.io/?masternode=0x32c37e7ca38be1f85cd9e85c81ac9b6730f43e3e