SUMMARY
When price traverses within a broadening pattern, it does so in a manner that alternates the touches between the top and bottom trend lines. This is the third most common type of pattern in the Cryptosphere, though not as frequent as the bullish Cup & Handle.
The below chart shows that a complete impulse motive has been placed. The resulting correction is thus far in the ABC format but it is most likely not the end of the correction. Still, when price is sitting on the bottom trend line, there are bullish implications. Back when ARK was at wave 4; I had call it the "Ark of Wealth" and had drawn the same broadening pattern showing price sitting on the bottom trendline as support. I believe the same name can be reapplied. However, the correction is likely not yet complete.
Between waves 1 and 3 as well as 3 and 5; a rounding bottom pattern can be identified as shown in below chart. The potential for a third consecutive price rounding pattern is drawn and in white arrow.
The basin phase of the pattern is likely where time consuption will take place and the wxyxz as subwaves can provide the required sideways price action. From a timing perspective, it could lead into May/June months.
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!!
--
--
Hello Mr. Haejin,
I would like to know if you want to have a civilized discussion about why you and @starjuno flagged my latest posts.
Is it because i am tracking the performance of your advice?
I would like to say that i started to do it because i don't see you providing the results of your advices anywhere else, and i got curious of how good Technical Analyst you are, and started tracking your performance myself.
So far, on 4 days fell 19,16% of the invested value, while the same amount on BTC only fell 14,88%.
Doesn't look good so far. But it seems that you know that already, since you only downvoted the posts and didn't provided any insightful comment.
Don't worry. I will keep tracking your portfolio in real time, and also do some backtracking on past months as soon as i have some extra time.
Aren't you curious of how is your performance?
Have a good day.
Hello Mr. Haejin,
I would like to know if you want to have a civilized discussion about why you and @starjuno flagged my latest posts.
Is it because i am tracking the performance of your advice?
I would like to say that i started to do it because i don't see you providing the results of your advices anywhere else, and i got curious of how good Technical Analyst you are, and started tracking your performance myself.
So far, on 4 days fell 19,16% of the invested value, while the same amount on BTC only fell 14,88%.
Doesn't look good so far. But it seems that you know that already, since you only downvoted the posts and didn't provided any insightful comment.
Don't worry. I will keep tracking your portfolio in real time, and also do some backtracking on past months as soon as i have some extra time.
Aren't you curious of how is your performance?
Have a good day.
Flaggedthis post to prevent Abuse of the platform ( voting ring ) making abusive rewards, 10 times a day, every day.I think i get what you are saying about abusing voting..I don't think his posts, with technical analysis of crypto markets using a paradigm from the failing fiat markets, can be regarded in any way as useful when applied to crypto......
See how @haejin's portfolio is doing on day 4.
https://steemit.com/cryptocurrency/@truthtrader/haejin-portfolio-day-4
A lot of altscoins have patterns that could rise in may/june. Maybe something is on the way ... time will tell.
Buenas noche amigo. Aqui le deje mi voto. Unidos podemos lograr grandes metas!!! Saludos
Nice post help me though in any way
ARK...Patience and we will moooooon!!!
At your website there is an alert "Haejins PROPHET ALERTS Coming Soon!!!"
I think you mean PROFIT ALERTS.
No contact email on website. Please add one.
Thanks
Nice post help me in any way.
Haejin, can you do COLX and ECA please
Coins mentioned in post:
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 160.68 SBD, based on the pending payout at the time the data was extracted.
If you do not wish to receive these messages in future, reply with the word "stop".
Congratulations @haejin, this post is the eighth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 39 and the total pending payments to posts in these categories was $2443.42. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
Dear @haejin
You have been flagged via the flag-a-bitch app. The reason is you have been found to be Raping the reward pool with a rate of around 2.133% of the reward fund. To add onto this, your TA's are so horrible that a simple check with a mock portfolio will provide a negative value.
The flag-a-bitch app is being used on you because of your consistent blattant abuse of steemit through means of: abusive self-upvoting, collusive coting groups, and disagreement on rewards. Since we deem that you have been damaging the steem economy, we flag you.
If you would like to help us out with our quest to fight abuse you can check out our post here.
Thank you!