SUMMARY
BURST/BTC had impulsed up (blue waves) which was followed by an abc requisite correction. Note how the red wave A was much longer than red wave C. This was a clear ZigZag; however, while often the C wave is the longest, it is not always the case. Throughout altcoins, once can identify this type of instance where waave C is shorter than wave A. The shorter Wave C also contains a full set of five waves. Why does this happen? If perceived from the Buyer/Seller interactions, the near vertical drop for wave A cleared out most of the sellers. This means that not enough sellers remained to drive wave C further down than where it is now. Once C was complete with its subwaves; a near vertical, but smaller scale, reversal was initiated. That move is currently being corrected/consolidated via a wedge pattern.
That breakout, trend reversal move is sublabeled with white 1,2,3,4,5 wves and so far the wedge pattern can be labeled using an abc. However, there is a probable case for one more lower low into the wedge pattern so that price can be more proximal to the apex. Assuming this doesn't happen, the second round of white 1,2,3,4,5 shows what could be the subwaves of 1 of wave C.
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.
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Elliott Wave Counting Tutorial #1
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Grafik yang sangat bagus mungkin masalah harga nya ya kawan, lakukan hal yang sama buat post saya upvote
It’s wasnt a big investment but last month right before the big correction I bought 64 TB worth of external hard drives to set up a Burst coin mining rig, but then price crashed down. I started mining already but still haven’t finished plotting all the drives, so I’m only using about half the space so far. Plotting is only a one time thing, but each drive is talking almost a week to plot. Let’s go burst, get bullish.
In steem platform most of the people are non technical and I don’t know how they understand about the theory you mentioned above in your post. If you could elaborate more how it could profitable or non profitable then it will be more helpful for the readers instead posting a very deep technical analysis which only can be understandable by another analysts only.
I am your follower and I have shared what I have felt. I hope you could consider this in your future post.
Thanks
Review all of the tutorials linked at the bottom of his post. They are very informative
The tutorials should provide you the basics. Also, please consider the books to purchase and learn.
Agree with the chart but I would wait to enter. Let's see if that ending triangle gets broken. If not, there will be the possibility to buy this coin cheaper
i like with this .. the picture is bright .. clear and clean ..
Good
Coins mentioned in post:
Sir @haejin this is not just your opinion,it is calculated perfectly and you have shown the possibility through the chart.Its not just your opinion its markets current scenario.You are a true boss.A very efficient person about crypto currency @haejin.Thank's for sharing such useful post.@upvoted and resteemed
One thing i don't like about crypto currency market ,it moves very fast.When there is a possibility of heavy profit within a short period,there becomes the chance of heavy loss also.So everybody have to be alert all the time.Thank you for the post.@upvote
Its true,still its a profitable business.
hey @haejin could u do an analysis for ebtc? many thanks
Good post... Nice information
Good post my friend
wow man are you a machine to get upvote!!!
I find this racist and uncalled for and unacceptable. Anymore repeat posts, I will downvote. Final warning! Steemd.com shows this being you @thabiggdogg; again, final warning.