SUMMARY
First, SNGLS/BTC is a thinkly traded microcap. This is NOT to be seen as a huge position opportunity as it does not have the liquidity to support large holdings.
SNGLS/BTC can display erratic looking price wicks, as it common for small or microcap coins. But often, these are the ones where phenomenal profit opportunities reside. As BTC is correcting, SNGLS/BTC has been getting enough of a lift to breakout of the downward pointing symmetrical triangle. The blue waves show a tentative pathway. Regardless, should BTC take a faster and stronger trajectory towards $8k; the white circle represents a zone for the blue wave 2 correction. A lower low could be probable, pending sentiment strength into this correction. However, casting a small ladder for a position within the price range inside the white circle could be opportunistic.
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?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
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
So apparently I have been flagged many times by the Bernie haters, because I was flagging them repeatedly day after day to get rid of their very intrusive and boring messages in @haejin blog... I just realized my rating moved from 27 or so to 18, I didn't even now it existed !
Would appreciate some love/power back from the @haejin community !! :)
That problem was rectified quickly...
Thanks so much Mr @haejin, your support means a lot and confirm my admiration for the way you teach here. Bravo
I predicted this bitcoin drop 6 days ago: This is why Bitcoin dropped again: https://steemit.com/bitcoin/@investingtips/why-i-see-another-crash-for-bitcoin-and-the-general-crypto-market
Great post, have an upvote! As someone who is very new to cryptocurrency, I find this very interesting. Currently, my only holdings are in ripple, but I only invested about $50 because of how new I am. SNGLS/BTC seems like a really interesting option though as you pointed out due to its propensity to deliver potentially high pay outs with small holdings for people like myself who are just beginning to get their feet wet.
Its has low liquidity but that increases with popularity of coin.
Much room to explode! Casting a small but concise ladder...
The whole market is going down for the fundamentals, what a pain of today...
This correction too shall pass.
Keep calm and hold tight everyone! Its about to 🚀🚀
seems like those who got in to get rich lost faith in the crypto
Every correction is similar. Many lost faith in July and Sept of 2018.
You see this correction as no different? I am starting to think its good time to buy some more and top up my portfolio, more BTS, XVG, TRX, Steem and some EOS if that drops more..
TO THE MOON~~
Thanks for the analyzes!
Is it correction for btc?
to bad for this crypto
nice post...always keeping us updated
I hope it has a reversal
thanks for the information, useful postings
I believe that holding ones position tight is the best practice. nice one , here is an upvote.
Nice post
Great effort indeed. Seen many posts supporting further decline in BTC.
Please Vote my post
https://steemit.com/tourist/@nanda87/mubut-island-tourist-spot-batam-riau-indonesia-tempat-wisata-pulau-mubut-fe5631288764c
Thank you
thank u
I think Bitcoin will have some very good and tight competitors as time goes on.
Thanks for being clearer about approaches explained in this post/Sratis.
Please read how i lost it all. Don't let this happen to you.
https://steemit.com/crypto/@marioiii/i-lost-it-all-everthing-gone
Done upvoting,, ☺️
Thanks, very interesting how you can predict the prices of the cryptomonedas, great