SUMMARY
The correction always evolves and the analyst only attempt to identify the terminal ends and not the exact direction of every wiggle, twist and turn. Why the terminal end? Because these are the most ideal and most opportune times to make laddered entries. The below chart shows five waves up and these are subwaves of a higher degree wave 1. The subsequent correction's subwaves compose that of a higher degree wave 2. IF the terminal end of this wave 2 is zoned; a laddered entry could be quite profitable given that wave 3 follows wave 2. Attempting to precision hit every twist and turn of a correction is not possible nor advisable. Just the terminal end zone is needed, IMHO.
See how now the corection has morphed into a complex combination correction type. The blue WXYXZ show tha the final Z wave is potentially a symmetrical triangle which makes it a combination. The subwaves of the W, X, Y display the required abc three and overlapping waves. So, based on this WXYXZ count, does it appear to be at the terminal end? Would a laddered entry make sense?
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!!
--
--
today is a bear market and we need to hibernate and be patient. :)
Big Drop coming, Buy BCH @ $605
we still have to wait and watch for bull run
Not looking so good for a bull run when you look at multiple time frames like I did in this post: https://steemit.com/bitcoin/@investingtips/bitcoin-multiple-time-frame-analysis
still if I say that after 6 months will the scenario change
Yes, correction is the thing that made an Analyst more willing to do its work so good and almost perfect, really happy to see this in you,
Love the way how you explain the facts and figures...
Nice informative post
nice post
good!!!
What do you think about this analysis?
Great Post! Did you know that you can automate your account? You Get 0.1 STEEM Just to Join! AutoSteem(dot)info
This comment from @sexy90 is a SCAM! Autosteem (dot) info is phishing for steemit passwords. Beware !!!
it is so good
thats trippy bro do ncash
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 126.93 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 fifth 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 44 and the total pending payments to posts in these categories was $2246.36. 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.
Hey... I'm also working on this currency... Www.coinpot.com
We can again see
BCH value in $1500- $2500 range mostly in
mid May to July again.
The closes are lower, Bitcoin is still bearish to me.
HAEJIN, PLEASE DO ANALYSIS OF ADX
I had some high hopes with BitcoinCash, mostly because when it first 'forked,' I started mining it and was very lucky to accrue a handful of it. I was exciting to watch grow since then, and when the 'crash' happened I was hoping that BCH would grow back up to where it was before. Although most of the cryptos are fighting some lines right now, I have less faith in BitcoinCash. I am a huge fan of the crypto-community and am still sitting on a little bit, but I have traded most of it over the past couple months while I'm stacking up my Bitcoin and Litecoin supply. Thanks for the post. -Respect
Gambar coin bagus a
WARNING - The message you received from @sexy90 is a CONFIRMED SCAM!
DO NOT FOLLOW any instruction and DO NOT CLICK on any link in the comment!
For more information, read this post: https://steemit.com/steemit/@arcange/phishing-site-reported-autosteem-dot-info
Please consider to upvote this warning if you find my work to protect you and the platform valuable. Your support is welcome!
Make sure you downvote all of @Haejin's scammy post!!!
EARN MORE MONEY ON STEEMIT BY DOWNVOTING @HAEJIN VISIT @FLAGAWHALE FOR MORE DETAILS
We are a Personal Financing Lending Platform that’s currently in Pre-ICO stage!! If you think this will help you then please hit that follow @twq-ip2pglobal or at least an upvote🙆♂️🙆♂️🙆♂️!! Thanks and happy steeming