SUMMARY
Black Coin (BLK) is showing the common symmetrical triangles that often repeat consecutively during an Altcoin correction. Given the breach from the second fractal, price has made sizable effort to continue the breakout.
A closeup shows a five wave impulse up allowed the escape from the triangle trend lines and the resulting correction seems at the latter end of its process. In this case, the pathway is labeled as wxyxz which thus calls for a lower low potential.
As there are almost always more than one way of counting Elliott Waves, the initial down could be counted as an abc subwave for WXYXZ. Often these multiple counts might vary in the pathway but the destination usually remains about the same. Bottom line, the correction is likely at it terminal end and the lower low would likely hit the 0.78 Fibonacci zone.
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
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
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Whomever is interested about BLK price action, were you interested about its properties?
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Dear @haejin
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I wonder what it would be like to drive a lambo in korea, I mean I know in the cities that the streets can get crowded and with the country being in a cold war and all... I think I wold prefer to drive something more practical there.
Anyways your insults are cute! Does your mommy still help you pack your lunch for school? Because you sound like a little bitch as 12 year old that cries after getting killed by the same person in a call of duty match.
thank you
Would you be kind enough to review this post and give constructive criticism,,,
https://steemit.com/bitcoin/@richatvns/reality-for-cryptocurrency-market-volatility-why-it-will-continue-this-year-simple-and-clear-reasons
I do some of my research and observations differently buy by using some of the graph trend nomenclature it you teach, it goes right in and makes sense with how my analysis will correlated with real crypto-markets and has given validity to many of my suppositions....
@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.
Such a cry baby! Keep your trash for you ! GFY
Great Tip!
Thanks for sharing... And for this great information
Tron was here
:O
Dip time profits analysis
https://steemit.com/cryptocurrency/@chandanathota/best-coins-to-invest-for-guaranteed-profits-at-this-dip
actually your wrong, you put together a set aside of money once you realize a down trend you sell of your set aside 10-20% as each 5% in value goes out when it hits base and retrends up you buy some more while its heading up, Once it reaches half the retread you sell off half of what you have bought at the lowers levels.
Its not rocket science....
You just want an instrument that went down with the whole market and still has good bones....
Nice post @haejin
everytime I see blackcoin I remember my faucethub.io account!
great post!
https://steemit.com/photography/@tufi/examined-more-closely sürpriz
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