AMBROSUS (AMB) Has an Unusual Chart Pattern

in #bitcoin6 years ago

SUMMARY

AMB/BTC has a bit of an unusal chart pattern. The correction is a WXY where the W is a wedge abc connected by the X to a Y that is an abc channel. The pattern is like a chart version of "Orthrus", the mythical two headed dog.

The channel shows a five wave subdivide and if the WXY label is correct, wave v should put in a lower low. Yes, there are other ways to count htis but what's important is the the shorter degree of trend direction will likely be down. However, the correction is also likely to be in the terminal stages which means casting a buy ladder would not necessarily be a bad time to cast a ladder!

Legal Disclaimer: 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?

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I dont understand this guy
What us wrong with u @heajin
Always making triangles with the freaking graph.

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Maybe u dont get offended.
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the best post and very useful !!!

Thank you it's really interesting

The whole post are very informative.I know about crypto.I hope many dream from it .
Thanks for giving such a news

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Your very good work.
Always successful greetings.

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Yeah , it has very unusual chart... but an informative.... Love the way how you provide us all the small small things of cryoto currency and share it with us, do you know that many people are taking advantage fom it..

They really help us alot...

Very interesting and helpful postings, especially beginners like me. If possible, I want to absorb knowledge from you from my friends. thank you very much for that all..?!

useful sharing

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Congratulations @haejin, this post is the forth 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 34 and the total pending payments to posts in these categories was $3331.70. To see the full list of highest paid posts across all accounts categories, click here.

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Could you zooom in more next time on the chart you post? thanks :)