SUMMARY
AIR Coin exemplifies very clearly that the AIR/USD leads the AIR/BTC and AIR/ETH pairs. The charts below shows how apparent this is in fact. IF the AIR/USD leads the pairs, ti could certainly be the leading indicator for this coin pairs. More importantly, it would be more ideal to trade in the pair that leads because the laggards will not necessarily reflect greater profits. Many trade to the /BTC pairs because they aim to gain many more BTC equivalents to their portfolio balance. However, this perspective is flawed because often, while the /BTC pair is breaking out, the /USD pair is far ahead and has risen significantly. So, the /USD analysis would have allowed an earlier entry and greater profits, measured in USD, and these greater amounts could equate to greater BTC equivalents. Also, once must realize that the /BTC pair must rise faster than the rate of rise of BTC itself and the demand for the /BTC pair must be that much greater than BTC; hence, the lagging is caused by a multi-variable state.. The /USD pair only has a single variable....the demand for the coin and that's why it leads the other pairs.
Below is the AIR/USD chart. It has already broken out and screamed in price and is now ready to correct; most likely in a triangle pattern of a,b,c,d,e. The Cup & Handle is uncanny and has contributed to such explosive breakout. Target is $1.98 or 24x of current price. NO! I'm not insane as I've made such calls that have come to fruition. Review my blogs; the evidence of my performance is in my blogs!
Here is the AIR/BTC...look how it lags. It hasn't even compelted the Cup & Handle. This is exactly what I'm addressing when I state that /USD is a better pair to profit from. The target is 1,567 Satoshi.
As I don't review the fundamental, most likely the ICO for this coin was ETH based; hence the very high similarity index in pattern and target fold at 0.000222 ETH.
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
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.**
QASH/USD
https://steemit.com/steemvoter/@steemvoter/steemvoter-service-temporarily-down
Chrome extension
Has anyone used this?
You mean ERC20 AirToken ?
0.198 is 2.67x from 0.074. Where are you getting 24x from? Did haejin get hacked? This is the 3rd miscalculation
@haejin some info?
Thanks for the info
sweet
i love your post @bijoy123
coinmarketcap is false about this coin.
look at coingecko
❤A very important topic thank you for your participation
Very nice post.
Damn ! I am not in Hitbtc ,Etherdelta ,Idex !
Promising for the future
Thanks always. need to buy.
mind blowing
Please clarify: current price is .07 USD and target is .19 on the chart but in the text you say $1.98 Thanks for all your analysis Haejin!!
Thanks Grandmaster Haejin as always great work. Nice to have you here.
What do you think about po.et ?
@haejin I tried to analyse price pathways for SYNX/BTC (syndicate).
Please correct me if wrong.
Good fractals. Wave 3 is too short and 5 needs to equal about 1
Really appreciate your time and effort in giving us knowledge. WHats ur take on DGD?? How do u think the arket will move? any predictions?
@haejin Thanks for your help.
great article , keep the good work
Thanks!
@haejin where can u trade this with usd?
Thanks @haejin. This one has a USD pairs, but on HitBTC, can't have so much accounts for now ... And their verifivation process just do not work, I guess I will have to deposit BTC then buy USDT with it ... A lot of people on the exchanges review sites are also complaining their coins are stuck on Hitbtc and that this is a scam, just false statements ? Do not want to lose money with a bad exchange ...
is trading in tether the same as usd
Your explanation has a logic mistake. You do not consider the fact that BTC is rising against USD most of the time. So basicaly trading only /BTC pairs is HODLing Bitcoin + a bonus, that lets you acquire more coins. If one trades only /BTC pairs, than he switches to alts only when they rise quicker than Bitcon. This is quite good strategy if you look at constantly growing overal crypto market cap.
Haejin, not sure what is going on? You have decimals off in 2 different posts today.
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