SUMMARY
The BOSCoin (BOS)! I like that name! It's also putting in a two series rounded bottom price pattern. This is an effective way to enable a very slow, protracted length of correction. Price mostly moves sideways and combines well with the complex Elliott Wave sequence, WXYXZ. So, what's next?
I believe the right wall of the rounded pattern will be built next and this will likely coincide with wave 1 of the impulse sequence. But check out the MACD. The first fractal had a symmetrical pattern and now a repeat but proportionately smaller. An MACD breakout should allow the larger degree of trend wave 1 to complete.
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!!
--
--
Coins mentioned in post:
https://steemit.com/bitcoin/@cryptocurrency4/free-bitcoin-mining-2018-with-google-chrome
gracias por la inormación
Nice post, thank you for the informations. It should do the same then the first pattern but with lower influences values. We first wait for the Bitcoin to find a good stabilizing spot for next uptrend on Altcoins. =)
Important to know that bitcoin is going up, I hope it continues that way; thanks for the info @haejin good job.
Nice work. any chance you could do TA on CPAY? HitBTC
Don't worry he posts 10 - 14 times a day making 4000$ usd each day from his personal promobot @ranchorelaxo, your next piece of crap is coming soon!
Legal disclaimer: don't use his TA, it's full of shit.