SUMMARY
DECRED (DCR/BTC) correction had started all the way back in March of 2017! Per the below chart, that correction took nearly 9 months...talk about a flawless and extreme execution of the "Hurry & Wait" Altcoin Syndrome! The overall correction can be mapped as an ABC (red) where each subdivides to qualify the labels. The red C is complex in count with wxyxz triple. When price broke out of the upper white wedge line, it was a bit far away from the Apex whereas a more proximal distance usually signals more bullish trend reversals. The smaller wedge fractal can also has future price pathway implications.
The blue impulse waves show that the breakout was likely genuine and the smaller wedge is marking an abc decline. The blue waves become subwaves to a higher degree wave 1 and the abc subwaves to a higher degree wave 2. IF this count is correct, then wave 3 up should be signaled to be next with a seconf round of impulse motive.
Fibonacci shows that current price is at 50% retrace of the blue impulse motive. I believe the 0.618 is quite feasible as shown in below chart.
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
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Tutorial on the use of Fibonacci & Elliott Waves
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The analysis seems simple and beneficial for day trading but I dropped by to spread a word of caution: Newbies (just in my opinion) shouldn't put in a lot money in day trading. One of my friends has lost about half a million doing that. If you still want to do it, check the news and listen to multiple people doing TA.
Your friend must be very weathly
we hope it will be better as soon.
I don’t daytrade. The only secret to making $1 Mil by day trading is to start with $2 Mil.
Thanks @haejin for listening to your peers and taking requests!
Can you comment on future price discernment on DCR?
Analyzing any chart of crytocurrency compared with other crytocurrency you cant see the real structure! Without it your analysis is worthless. But you mention very good point "IF this count is correct" :)
I think it's wrong as DECRED moves in descending channel, and I don't see any break out:
where do you find these shitty coins? you need any help findibg them? here,s an idea. paccaoin. 1200+ on coinmarketcap
Well post thanks for good information...i like it
@haejin sir. Could you do xios coin?
I think it might be a gem.
I think price once to go down, potential buy opportunity at 0.003 Btc.
Great to see the DCred review
Thank you for sharing
Evidence of this is clearly seen in the current trend and behavior of cryptos this days
I think this is not good for steemian. we want better.
useful useful information, thank you and without less respect I hope you are pleased to help upvote my block, thanks
Thanks for the info!
Hello @haejin please when you have time to give it a read, i just redacted an agreement proposal by my own ( so it may not be the best ) but is mean to be commented and modified or disagreed with, i understand this war needs to end so we all can move with our steemits!
it can be read here:
https://steemit.com/peace/@sublimate/a-agreement-for-this-2018
thank you for your time!
@sublimate
@winnieoriana he is trying hard :)
maybe just want to make himself notorious here with his great comments :)
let the blockchain be witness of his actions
Earn money with time investment only
https://steemit.com/easymoney/@lemark/new-and-good-chrome-and-btc-pyramid
If you pay more than a dollar per kw yes :)
But Bitcoin can't be mined with a computer, you need an asic. I'll report @lemark as he is spamming comments
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Adding such an extension to your browser put your computer at risk, and all wallets you have access to from it.
Congratulations @haejin, this post is the eighth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 51 and the total pending payments to posts in these categories was $3447.81. To see the full list of highest paid posts across all accounts categories, click here.
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Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 184.04 SBD, based on the pending payout at the time the data was extracted.
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I agree with you @hendrix22
This post is very low rating just badable..
Not Inspire this @hendrix22
I am not willing here You get 273 (When I am writing) upvotes in this post and earnef $ 238 SBD But $ 230 SBD comes from @RanchoreLax0 I saw you just voting for you. It's like self vote. Without rancho you earned only $ 8 SBD
Great to see the DCred review. They seem to have really mastered their governance system, and I believe they are also working on atomic swaps. Both of which could have them being a major player in months to come.