SUMMARY
PARTICL (PART) is nearing a stage where five waves could be near completion. These stages are important to view from the perspective of the "Degree of Trend". While I often trade at the daily to weekly degree of trend, such five waves short, sub-daily degrees at times do provide opportunities to take profits. This is because ELliott Waves states that after five waves, there is a requisite retracement in the form of 3 waves. With a scenario as shown below, blue wave 5 represents a zone where above wave 3 could be applied for profit taking. Still, this is a very subdaily degree of trend and too much trading at these levels require a near perfect timing....henc, it becomes day trading. However, given that the Cryptosphere is in a correction, a close eye has to be kept on Bitcoin (BTC). IF the below chart shows price to cotinue impulsing upwards, wave 5 could be signaled at 0.004921 BTC and raising cash could be a good thing to do.
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
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:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Nice spot, Very NICE
Don't buy any cryptos until you see this: https://steemit.com/bitcoin/@investingtips/why-i-see-another-crash-for-bitcoin-and-the-general-crypto-market
My account is for sale
I understand what you mean about raising cash. Selling for a profit is the point, right?
Another user made a post about haejin stealing from us. What is the truth to this?
Oh ok, thanks. Laughing here at the technical ANAL charts.lol
Awesome post.... Thanks for the update
Nice post. Upvote and resteem done.
No one replied to you lol.... you are alone alone and you have HORRIBLE grammar skills
reserching alts/icos and BANG . MademyDay
NXT please!
You rock Haejin...
BITSHARES (BTS) breakout cup and handle? Can you please update?
thanks!
Just posted. Thanks!
Hi, can you please do an updated analysis on LSK?
Thanks!
BCPT plz it look good
Will do tomorrow. Very tired. Thanks!
Very educational! If you had a chance please review the way i use Elliot's wave in combination with chart patterns to come to conclusions. I would very much appreciate your opinion and evaluation. Thank you )
@haejin can you look at Kucoins coins :- PRL , BNTY , DBC . There is whale manipulation going on in Kucoin for quite a long time . Please analyze kucoin .
Muchas gracias por compartir tus análisis
My account is for sale
This is coool
I gave you a beautiful, red flag for this awesome post. Thanks, now I know that if everything goes right and timing is perfect this coin will rise in price... Very good TA, keep up the greed haejin, oh and everyone who reads this, don't forget to send him all your money because in the end, that's all he cares about, his addresses are near the bottom of the post. And buy his courses too, they're full of sht but at least you gave him more money so he would appreciate it, I'm sure of it.
Have a good day and Trade smart.
AHAHAHAHA.. honestly, you made me crack. The hate and jealousy is strong with you son.. and the upvoting of your own comment, that shit is funny af. But hey, dont let anyone make you a less hateful or jealous person. Make some more funny comments please.