EOS: Could Have Sideways Price Action

in #eos6 years ago (edited)

SUMMARY

As requested by @alpacho and many others, here is an EOS update. EOS still has a likely chance of a lower low as had been shown below but with updated labels. I don't believe EOS or any Altcoin corrects so quickly as their corrections have about always been very slow and takes a very long time. There is likely to be a period of an extended, sideways movement of price as part of the correction process and that's when the double or triple combinations are used.

Here is a potential sideways movement that could pattern into a triangle. IF this morphs into a WXYXZ process, price overlaps will become quite apparent. However, the MACD is also triangulating as shown in the below chart.

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
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!!
Follow me on StockTwits for UpDates!!
--
--

If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf

Sort:  
There are 2 pages
Pages

Hi @Haejin... I have been following you recently and enjoy your posts.

It saddens me to see you get trolled by people who have nothing better to do. If it ever bothers you, just know that the forces of evil like to enjoy beautiful things.

It's all drama. Everyone in this war has too much time on their hands.

Haejin you mention we buy bitcoin at $8000 or 7k.Because you show it going to that area.I am waiting but its not going there. @salahuddin2004 mention to buy at 10k for target of 20k before 30 March. Look like his predictions on top at the moment even for eos litecoin etc.Please reply with honesty.

hhaha you think that youll get upvote from @Haejin ?
He only thinks of himself and so do you.

why the trolling on @haejin? He's just doing his thing... all TA are just probabilities.

because he is making loads of money from steem reward pools by posting his TA trolls ... i bet you he is not making money on crypto in these market, he is not taking positions on his own TA, check his wallet, he is making money only from steem for free without any risk by posting loosing TA, and pulling more noobs into these. and noobs end up loosing money .... since btc is going down almost every one of his TA is a loosers paradise ... he will paint triangles after triangles and abcdefg... but none gonna go up unless btc goes up... good thing he stopped his "kaboom" for quite some time, bad thing he is still posting all the coins he can find and raping reward pool.

Your optimism of Human Nature inspires me to be a better person.

He literally says every coin in the top 100 or sometimes outside of the top 100(wow I just pulled a Haejin)--will either fall or rise......

It seems so because sentiment so uniformly is driving the price. Cryptosphere is following Bitcoin in this correction.

the correction(s) your TA failed to predict big time

Most of us are trolling because we do not approve of the abusive behavior that haejin is promoting. But you wouldn't know that with how far your head is up his ass. Fucking twatwaffle

What exactly is the abusive behaviour?

raping reward pools... every one of his shitty post are getting 400 - 500 steem $
mostly because of his whale steem accounts

The fact that haejins upvotes go almost exclusively to himself, he has a community of 16500 some people that makes up about 29% of his value and then himself and 1 other person make up the other 71% of his value. His posts are crap at best, etc. That is what is abuse. His posts do not deserve what he is getting and it is damaging the entire community as a whole

EOS has great potential and will continue to develop and grow.

How come my comment is hidden for stating I think the coin has potential?

Cartain people want it to go to $3.

You can simply ignore his posts and videos, I mean deal with it, this is 21st century, this is the Internet...

I do believe that EOS will grow and not go sideways as it has held it's own very well. I have however started to realise that since the market has been less bullish Haejins "predictions" are looking more like stabs in the dark than anything else.

 6 years ago  Reveal Comment

Your spamming your own comment with the same comment 🤔

It seems as if all crypto is currently in a sideways movement. I wonder if we're in a slow ride to the bottom.

Enjoying the ride since 50 cents.
HODL and selling 20% @ $100

Although I would be happy with $3 dollar EOS I can't see it going that low. During the last BTC./ Market dump EOS held very strong at $7-8 range. In addition during the last contraction EOS was going up while everything else was going down. Also there is expected dawn 3.0 release news.

same idea here, not willing to see eos to drop like that, some more eos got high grading from the latest crypto reporting card by weiss

That crypto reporting card is garbage. EOS should be an A. Would love to see EOS down to 3 and buy some more!

Some bad news will arrive to fulfill the waves

EOS will grow, that's for sure! The tehnology behind this is great, and in a few days there will be some new updates and upgrades that will make this token for the first time better then any other one, maybe even better then etherum! And don't forget, period 218 is today, only 132 period's left, every period is 23 hours long, that's summaru about 127 days to go!

I use only price analysis without fundamentals. This is because price is the earliest reflection of sentiment. Therefore, price drives news and events.

I didn't believe it was possible but it looks like your analysis could be proved right!

Worst case scenario, even if it does drop down to $3, I'm sure it will only be as a flash crash on a very long wick.

not a chance it will drop to $3. That would take a crash of bitcoin. I dont even think a drop to $8000 would make it drop that low. It is the next Etheruem.

I see EOS to continue to grow as it was one of 5 cryptocurrency that was given a b on the Weiss Ratings with Neo Ethereum Steem and Cardona.
Also take a look at IOST IOStoken newly listed on binance price is about .10 cents right now and has good potential.

Cardano.... what they want to achieve is amazing but close to impossible.

Thank you Haejin for delivering so quick.
God bless you and the whole Community!

With the BTC Pair it looks like a Cup and Handle Pattern.
So maybe triangle Scenario is more likely ?

What part of his analysis did you like? It is not that great.

It´s not about like or dislike. I only asked the opinion of aGreat TA-Analyst of possible Pathways for EOS.
Haejin is not a Cryptogod or Guru. People who think everything what Haejin says comes to reality and blindly follow it don´t understand TA. They get upset and afterwards start to trolling Haejin!
Wish you all good profits!

EOS GAAAZZZZAAAA

very helpful post, thank you for sharing, I follow you in the development

Thank you Haejin
I am grateful to you because I always get a lot of information through you.

Haejin, I certainly hope EOS does that drop. I am waiting on the bottom to try to get some of it! Thank you for your analysis as always.

hello Haejin, could you take a look at steem please?

Super Helpful :)
Im really wondering what you think of ETH and NEO! :)

Come on, these are two of the leaders in the pack...lol Neo has a massive meet up soon and price is probably going to double. ETH have 30-40 tokens plus underneath them. If your talking what kind of price it all depends on breakthroughs. For a 15k ETH it will take scaleability and genuis programming.

Just wondering where good entry Points will be :) like btc if you get it for 7k you tripple by 21k but if you got it by 9k you only double at 18k :))

Everyone please stop feeding haejin money! if you say that ten coins will rise a day obviously your going to get a few hits in this lucrative market. He makes multiple posts a day accumulating over 300 dollars a post. We need to stop feeding him money because all he does is decimate the reward pool and doesnt care about steemit or steemians! NO MORE HAEJIN

well actually he get's getting more people into crypto, hence raising the value of steem. He is raising the value of all rewards

Your comment isn’t accurate. He projects exact prices and hits them pretty often that takes more then picking 10 coins and saying its ganna go up. Is he making way to much from a shared reward pool? Yes, maybe thats the one flaw of steem to allow one person to take so much of the shared reward pool. People chose to support him because he made us some good profits by bringing a certain coin to our attention. I bought xvg when it was a penny from one of his calls it peaked at .30 cents

If it keeps up this pace -I see it being 10x by end of year .

I'm hoping for it to go up!

Langsam werden die Analysen lächerlich. 👎🏻 Gerade Leute die noch nicht tief in der Materie sind, lassen sich durch so jemanden nur irritieren. In zwei Tagen wenn wir uns in dem Bereich 20 Dollar befinden, schreibt er wahrscheinlich wieder was anderes. Sorry aber das geht gar nicht 👎🏻

Noch was. Kenne einige Leute die ihm blind vertraut haben (sowas darf man nie machen!!!) Empfehlungen waren ähnlich wie diese Analyse. Haben gewartet auf den nächsten Dip/ bevorstehenden Preisverfall und haben nie wieder den richtigen Einstieg gefunden. Sprichwort: „Hin und Her Taschen leer... Buy and Hold!!! Wer sich ein wenig nur mit EOS beschäftigt hat, weiß das es Legendär wird. Wir sehen uns in Kürze bei 20 Dollar. Meine Meinung!!!

Biggest volume coin in Korea and you think $3? Sorry Haejin but your analysis is becoming more and more nonsensical.

Hey bro, I'm following you on tradingview! Guess it's no surprise to see you here, just wanted to say I love your analysis. Your original call on the EOS logarithmic trendline was just pure genius, let's see how it plays out in the next few months!

My goodness EOS is getting a lot of screentime. Wish I had more!

With so many great news coming soon?

ISNT THE CEO OF STEEM A CO CONTRIBUTOR TO EOS?

Yes of bitshares also.

Can you please analyse Hush? Thanks

@haejin can you take a look at Dentacoin (DCN) please ?

EOS should get a mini pump because of those ratings by Weiss

I find the analysis interesting! that explodes EOS!

Haejin, you are being greedy.

Why is he being greedy?

Hello Haejin. I appreciate you and the support your TA provides. Please continue to provide your updates.

Muchas gracias por compartir tus análisis

Nice post.love it

Congratulations @haejin, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 379 and the total pending payments to posts in this category was $11901.00. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 308.70 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".

Thanks for the analysis. Actually I disagree with it. The 55 EMA has crossed the other EMA (Fibo numbers) and the wave count seems to show we have started wave 5. I am bullish with a target at $20.

18 days ago Haejin has written about Centra:
https://steemit.com/blockchain/@haejin/centra-ctr-has-severe-potential-to-tag-83-147-satoshi-261-profit-potential

He has said that CTR already is or will be very soon at the end of the correction, until today that hasn't happened ...

I understand that corrections take time, still, this is how he read those charts 18 days ago:

The handle portion is coinciding with Elliott Wave 2 down which will abide by the a,b,c corrective wave requirements. So, the best to buy is at an end of an a,b,c correction. I believe, CTR is at or will be at any moment such a stage.

And as to EOS, if the corrections - again - take such very long time,
(his last post titled EOS is Ready to Make Orgasmic Lunges Upwards AGAIN!! Target $22.63!!) why he wrote 20 days ago about Orgasmic Lunges Upwards??

Dear cryptoclick, it will be there after this correction. :)

I am sorry, I am only learning now and still not sure about many things,
but in my humble opinion, the best signals have entry and exit price
and without such, every projection can be manipulated too much...

the problem with Altcoins is that, they depend way too much on Bitcoin`s mood, movements, sooo if bitcoin sneezes the alts suffer :(
Your TA projections goes out of the window when BTC makes a move

This I know already :-) and I hope that maybe, just maybe, that will change this year...

Agreed, this TA stuff isn't that certain. I have been wronged following his charts.
Yea maybe after a month the damn coin will finally move, then they can say SEE i told you it would go up. Fuck this

Welcome to the crypto world man

Its not getting rich over night

@starjuno, why have you flagged my comment??

When I was standing up for haejin and losing my upvotes, he did not move a finger... He even never reads our comments, he's way above all of that...
and as to you, I am mighty surprised for your downvote:
http://prntscr.com/i5qc1x

WOW, http://prntscr.com/i5r6bm

You know, you can downvote it, but nothing stays hidden here anyway...

One more for you here, https://steemit.com/digibyte/@haejin/digibyte-dgb-bullish-fractals-a-galore
BULLISH Fractals a Galore!! where is it??

Oh, I am sorry, I get it, this is the correction in progress

And, what about the Feather Coin from 14 days ago:
https://steemit.com/bitcoin/@haejin/feather-coin-ftc-is-no-lightwedight

I get it this time, this one is still correcting too

And, on January 11th, Neblio was Showing Signs of BULLISH SETUP:
https://steemit.com/bitcoin/@haejin/neblio-nebl-showing-signs-of-bullish-setup

What happens when there is not a seller to be seen? Price explodes!!

I guess we just need to wait for the correction ;-)

And... now about Pillar:
https://steemit.com/bitcoin/@haejin/pillar-plr-bullish-fractals (last month)
https://steemit.com/dtube/@haejin/ddunzs7u (13 days ago)
https://steemit.com/pillar/@haejin/4bluigzh (3 days ago)
and we keep on upvoting while waiting for the correction....

Happy trading!!

Oh, just so you know, in meantime, we had the PLEX coin, (a complete disaster BTW) the Reddcoin, (which after the advice I traded according to the technical analysis from 0.00000149 to 0.00000092), STRAT (it spiked from 0.00112776 to 0.001122020 and... I had enough, you can keep on playing...

I have never read in his TA that he advised to sell on corrections. As from your numbers I see that you bought some coins in corrections but not at the bottom. It is good - you could buy more of them and just HODL.

He did not take into account that all of them depend of BTC. That is big fail, I agree. Now we have to just HODL and wait for kabooms.

no analyst gets it 100% all the time. have you followed some people in trading view? i've been trading crypto for a couple of months and my strategy will always assume that the analyst is wrong. so i always have a backup plan.. hence, why i sold 40% of my eos and re invest it to coins that show low risk high reward trades

You have a nice backup plan, congrats!!
I am learning too, and I posted for others to learn and not to blindly follow and upvote!!
Those upvotes by the way, first I was neutral, then pro Haejin, then I started researching and reading more info from the opposite camp...

The x-plot is immutable. The y-plot goes up, down, or stays the same. Cash me in.

Man you weren't remotely close with that $4.XX call. Saying something could go sideways is like saying it could rain in the next 4-8 months. How you get this much exposure is beyond me but hey kudos on the following.

I think as we get closer to EOS 3.0 launch the price has the potential to increase. In my opinion we would have to have some pretty severe anti-cryptocurnecy regulation to bring the price of EOS but the whole market. I'm really excited about the technology of EOS and regardless of price swings this has the potential to be scalable before ethereum. very excited!

@haejin Thanks for your analysis. I find elliot wave counting very fascinating.
Do you keep a track record, of how often you have been right with your analysis?

A while ago you said it go up to 22$. It never went there. Now you're saying it can go down to 3$.

The higher degree of trend target is $22. EOS is correcting at a submicro degree of trend which is subwaves to that higher degree. Post this correction, the up trend resumes to $22

A very technical analysis. $3 is quite impossible. If haijin had analyzed the EOS/BTC chart instead of EOS/USD he would have gotten a different result. EOS is consistently rising against BTC. The downwards risk is actually the risk of BTC. Most altcoins including EOS are coupled to BTC price, oddly. Haijin has actually analyzed BTC. Will BTC drop further?

Man can you look that post . i really tired running from your between. its not racism or insulting all the world saw this and they made comment its not racism or anything. get back that flag and l never type to your one more time i really tired. you and your followers flagging all comments and posts. i saw atleast 40 post/comment got flag without reason. Really tired man get back flag and let me continue to my work. You are powerfull guy why u re making wall to new streamian why. i didnt any wrong . why making you killing my more than one month work why. Get back that flag. Really tired

Another bs post by haejin. Why don't you all go spport someone else, someone better?

There are 2 pages
Pages