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SUMMARY
Take a look at the below charts of ADX/USD and ADX/BTC. First, ADX/USD is a bit ahead of the ADX/BTC pair with regards to breaking out. In fact, it probably completed the blue waves 1 and 2 and so the next wave is 3 UP! So, a close eye on this could show a price SURGE many don't expect.
The ADX/BTC pair's symmetrical triangle shows price almost at the terminal end of the apex point. The Apex is the point at which the two lines of the triangle intersect. The closer price gets to the Apex, the more the pent up need for price to escape the encompassment of the triangle. A breakout on this pair is imminent!
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
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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.**
hello Haejin!
you are an unstoppable charting machine!Thank you so much for your analyses. I Love to read your posts and learn from your videos and essays. Especially the last one
https://steemit.com/bitcoin/@haejin/essay-a-good-trader-is-a-bad-trader-who-forgives-himself-for-losses-and-tries-again
.
Im Having a nice practice in loosing these days :D
I would like to ask, if you could please make an update on EOS / BTC and USD situation? I Would be greatful to see your opinion on how things changed since the last time.
Regards Vashek
Good one here. Might throw some satochis in for the ride, so spread.