SUMMARY
Bitcoin Diamond (BCD) has a pair of fractals. The first is marked with the white triangle and the second with blue. The onset of the vertical breakout from the first fractal is circled by white circle. The blue triangle is labeled with abcde and price is currently at the doors of the apex. As price gets closer to the apex point, it has greater need to breakout.
Waves a,b,c,d and e of the blue triangle has been subwave labeled. The key question is, how likely is a price explsion to be repeated in the second fractal? If wave e is near complete, price would have to breach the upper line of the triangle. Since the earliest sign of a trend reversal is an impulse of five Elliott Waves. While fractal comparison can lend more confidence to the direction of the breakout, on its own, it only supports a buy laddering initiative within the circled zone.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Thanks for alI the free and awesome lessons!! I know your super busy but could you put ETC on review it looks to be forming a massive double cup pattern along with a new set of impulse waves. I have been thinking WHAT if ETC is just 1 year behind its liquidity maturity that you speak of in your video compared to ETH. If this is the case what a buying opportunity this would represent!
Sir @haejin I want to work on behalf of you who will post and comment against me. I'll flout them. Sir, I post a comment against you and I regret it. Sir, I have no steempower to give me some steempower delegates and if I post and comment You give me a vote there so no one can harm me. Sir, would you allow me to work with you? I wish your people to work
Bitcoin to $10k!? https://steemit.com/bitcoin/@investingtips/i-m-now-bullish-on-bitcoin
Thanks for sharing.... upvoted for you. if have some seconds please review my blog.
Update information about cryptocurrencies is good work. Through your post I knew about Bitcoin diamond (BCD). Yes I agree with your opinion.
Your respect is about as valuable as your reputation score.
thanks for your post are very helpful for those of us who started our analysis, Bitcoin Diamond did not have it on the radar I will have it in mind, thanks
Buy cheap on OKEx and sell on Kucoin stop b.tch.ng and indeed open your own blog.
rofl, idiot. cant do that because its impossible to transfer bitcoin diamond. its a scam coin that is being used by groups to pump and later dump on idiots, that buy because they see it shot up 100%
Indeed, using Technical Analysis on a scam coin seems weird.
@winnie Did you have a relationship with haejin? I try to read his comments and see how people are feeling about it, but you are in like every post repeating the same thing. I usually never post, just observe, so when i do post its because im shaking my head at people like you.
thank you for your warning, as you say everyone has the right to say that is safe, in the world of cryptocurrencies we can follow advice but it is our duty to investigate the market a little and be 100% responsible if we take those advice, I have spam qualified to follow @haejin many of my comments have already affected my reputation but I have decided to follow @haejin and if I'm doing really well and if I do badly I take my responsibility
İt is wonderful.
I still have 1.1 Bitcoin Diamond from the Fork :) :)
While I really want to follow these fractals, this coin is actually just notoriously pumped and dumped. I'm not sure that TA is really a great indicator as to when a group is going to manipulate a market. It's a garbage coin and sometimes you have to throw out TA when fundamentals are trash. However I very much appreciate your posts as always. I'll watch this one and see out of curiosity.
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Thank you.
Happy chinese new year.
Just wish everyone who learned something or made money because of @Haejin would post a positive comment, there would be no attention paid to the panic sellers or haters. Keep it going @Haejin