SUMMARY
With the lower low confirmed on Ripple (XRP), what had looked like a wedge breakout has morphed into an extension in time and correction. What is clear is that this is a requisite correction taking place after the five wave impulse as shown by the blue 1,2,3,4,5. The yellow wxyxz as labeled in previous post had called for a lower low which has been confirmed by today's price action.
If the yellow Z is dissected with subwaves, the red abc is near complete because the white five waves down has only 4 and 5 remaining. The bottom is likely close approaching. Can the time and price extension continue with more sideways actions? Yes, but I think much depends on Bitcoin's actions because XRP will likely follow.
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.
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SBD is already a lot
send a little
very nice
Coins mentioned in post:
love reading your stuff! nice quick read! thanks!
Agree, price broke a 4 hr demand zone at $0.75., but approaching another opportunity to get on board at the daily demand zone where there buy orders at $0.40.
You are just too skillful to compare..
Nice post
Update BitShares?
What is there to say about BTS ? :) Complete destruction...
Get out of BTS. High token supply projects are death trap.
Thnk God I sold everything long time ago.
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The reports of cryptocurrencies are horrible, I have investments, I will inform myself and
I will wait patiently.
Thanks for sharing :(
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You do realize he's simply analyzing a current event. Sure it might not come out as predicted, because nobody can tell the future. But it does give an indication if all goes well. If for some reason the entire market is tanking, Haejin isn't to blame for it, nor is his analysis.
Lets get realistic here people lol
Well, I don't see the point of coming here to read and get upset. If you don't like it , why come and read? Haejin's analysis is worth thousands of dollars of subscriptions. I recommand you go out there, subscribe to other people pay to get bullshit info . Then come back and say thank you Haejin, Thank you Haejin
You do know @Haejin is a fucking SCAMMER!!! His TA Charts do NOT make you any money!!!