Here is the HUGE cup and handle BULLISH formation I had blogged before. Check out the handle! Note how prices pierced the bottom trend line but immediately returned inside the channel (arrow with #1). This is bullish! Notice how also, the price decisively broke above the upper trend line (arrow wit #2). This is double bullish! A Cup and Handle Bullish Breakout DEAD AHEAD! $5.50 anyone?
Here is a close up of the price chart with Elliot Wave labels. Very nice 1,2,3,4,5 wavels placed with abc done and now, price should rise impulsively in waves i,ii,iii,iv and v.
I am BUY! BUY! BUY! BUYING!
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Sounds good to me, im in! Just picked up half an ETH worth of steem. Sending one your way for good luck(and GREAT chart reading)! Have a good weekend man.
Thanks for the beer tips!
I wish you MASSIVE profits!
It started a good run this morning and progressed steadily throughout the day. Taking a massive hit now though. I sure hope it's only temporary.
My sell order for Steem is 5$ Thanks haejin
good writing
Haejin, thanks for the update! How about an update on Dash? is it time to sell some? I really like Dash as a longer term hold, but if it is due for a correction, I might take some profits!
Here is the DASH update. Please use only to augment you due dligence.
https://steemit.com/bitcoin/@haejin/dash-update-dashing-through-newer-and-all-time-highs-whopping-102-profit
5.5 seem really high.
Yes....until it gets there.
I'm quite bullish on STEEM as well long term.
It's making some interesting movements right now.
Those are Bullish movements!
very nice! thanks. I'm in. (p.s. uprooted & esteemed).
Thanks for the analysis, it does lol ready to pop!
STEEM has started its official run up! All my signals were showing today to be the bigger swing upward....and there she goes! HAPPY PROFITS ALL! Thanks haejin!!
its a very helpful post, thank you :))))))))))))))
Iv'e been holding this one for a long time. Very exciting to see where it goes. Being that Steem is the only platform that I use on a daily basis, I believe in it's future and this coins long and giant potential. I look forward to seeing your updates on how to best sell and re-buy on dips with this bad boy.
I can't wait. Still watching closely! STEEM for life!