I don't heed fundamentals or news or events. Just price. Elliott Waves states that news and events shall arrive to justify the forecast. Once fundamentals are co-mingled with price analysis, contamination occurs and accuracy suffers.
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I did some more digging after seeing your initial post. I know you are not interested in the fundamentals but for anyone who is... NXT will still have some uses going forward, the example given in the video below at the 18min mark says a good use case for it in the future will be a crowd funding ico platform. So maybe there is still some value here!
What? You can predict the future of news and events based on past price?? I've more or less supported you in this bernie fiasco, but this is utterly ridiculous.
Sounds fishy to me too.
This is why I love @haejin's posts. I focus on the fundamentals, and rely on @haejin to analyze the technicals. Two pure analyses to work with from there.
@slapbox ... you should start posting your fundamentals then .... i will follow :)
randowhale is QUITE the sore loser!
Thanks @haejin ! Please do an update on EOS and VTC...
EOS: not sure if we have a failure on the ascending right triangle or just a bullish piercing. If it's a failure, we could also have a head and shoulders top with a downside target around $2.25, although we now appear to be above the neckline. My guess is it goes the same direction as BTC, which I think will be up, although I am showing the downside price pathway in this chart.
If you deny the flash crash it make sense even if this correction seems too fast and little. Could also be a 5-triangle-5 that could bring the price down (or a 5-3-5 like @cannonball6 showed on his chart of course, my principal in this case). Better ladder here (wait for the d and e to do it) or wait for a strong buying signal with a higher high (correction will be done for sure in that case :-) ).
its also possible that the deep correction is done in that flash crash ?
also if btc holds eos will hold... pretty much everything in bitfinex following btc now
uff don't wann see that :) thanks
Seems similar to LTC and BTC. Maybe they are all following the same kind of correction.
Mate, you need to work on your chart pattern recognition. Not a Head and Shoulders and even if it was the volume would negate it. Get hold of the book haejin recommends as a late xmas present to yourself
Haejin, I'm sure you are receiving numerous requests. Any thoughts on VERGE in it's current pattern. Seems like it's a head and shoulders. Down turn from here before next rise?
There was a post from @haejin about Verge couple of days ago. You (and plenty others) should check last posts, before asking.
https://steemit.com/bitcoin/@haejin/verge-xvg-baby-mommy-and-papa-fractals