SUMMARY
Oyster (PRL/BTC) shows the workings of patterns and Elliott Waves. The blue lines outline a larger symmetrical triangle; thought it could have more price connection points on both lines. The white lines show a descending wedge. Incorporating the patterns into Elliott Waves shows that the first impulse (white circled) 1,2,3,4,5 waves were corrected by an expanded red ABC retracement. The red C wave subwaves are shown in blue.
The below count shows an outlook where price can be labeled as having started the impulse waves. This is shown by parenthesis 1,2,3,4,5 white waves towards the 30,152 Satoshi target. The condition for this count is that the blue line support can't be decisively breached; though a bull wick piercing is highly desired.
The top alternate count shows that wave 2 of the current impulse could not yet be complete. In this case, its subwave abc could mean a lower low to complete (circled blue). However, the destination will likely not change much.
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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Predicting a micro-cap shitcoin going up against BTC based on TA.
You think PRL is a shit coin? It’s got a white paper, a live testnet, an upcoming airdrop and active devs. In addition it’s marketcap of roughly 65 million (https://coinmarketcap.com/currencies/oyster/).
I get that you don’t like Haejin but this is blatantly wrong! For more info their subreddit is r/Oyster
What you're saying actually has some value unlike TA on this.
Thanks! I have my doubts about the analysis, but have too little experience to correct anyone. I just wanted to correct the shitcoin part of your comment as I’m a huge fan of PRL and the upcoming SHL coin(it’s being airdropped to PRL holders).
I’m quite sure @transisto has no clue about Elliott Waves or Chart Patterns. And yet he downvotes because he thinks TA doesn’t work.
I’d need to do a lot of research to prove either of you right. I know Elliot Waves and Chart Patterns are systems used by some traders for over a hundred years but can they be applied to crypto? Can they work in mass for low volume/cap coins that could drop to zero?
I have no idea how to argue these points for either side but I’d love to hear both sides of the argument!
with how haejin does them, only in a bull market
lol
amazing post thanks for shearing
@Haejin You do not provide any entertainment. I brought you some.
You are uninformed. You are downvoting per your bias and very closed mindedness towards TA.
Hey man, I´m not sure you saw this post but it would really be awesome if you could read it. Have a good day.
https://steemit.com/steemit/@anomadsoul/hey-haejin-can-we-meet-halfway-or-let-s-have-a-dialogue-please
Voting this post to get your attention. I hope we can have a dialogue.
This is a polite message from a polite Steemian. Can you please have a look and reply to @anomadsoul?
See above....
Or if it gets flagged, here is the link as well:
https://steemit.com/steemit/@anomadsoul/hey-haejin-can-we-meet-halfway-or-let-s-have-a-dialogue-please
you are one persistent motherf....cker
Glad to see you covering PRL. I’m a huge fan of the coin and believe that the upcoming airdrop, and testnet release will make or break this coin. I’m think it’ll be $10 a coin by Summer!
Thanks
Thanks for shearing this post i like the post @haejin
The power of my steam power is very weak, can you help me to increase ..?
Thank you
Thank you man! Could please do TA on ECA ( Electra)
Of course! @transisto approval NOt required to make analysis requests.
Hi Haejin i wouldn't worry about explaining yourself you are doing what we all wish we could do we are living in a free world and you can do what you want that's your business and i pat you on your back for such a great effort and following and reward pool if it aint you it would be someone else these people that bring you down have no life and nothing better to do they are just jealous of your earnings .These people will never change there ways and will be always jealous of anyone doing good. Stay strong and dont waste your time reading any negative posts cheers Deni Guerrera
This analysis reminds me of 3 guys in a garage saying: dudes this are the cheapest coins we've ever seen. Haejin where do you find these? On Kucoin?
thanks for the information
That climb in the 2nd and 3rd image seems a bit unrealistic
Can u check ZCL please? i know it's hard to do analysis after such HUGE dump after the fork... But it's on the way back up now and can easily do 5-10x :)
thanks haejin . asome post . i like this all time follow me all time
On trading platform, i think the bearish continuation candle get to support level this point , will have another push up called bullish which when it. Get to resistance level
Thank you for the detailed analysis. Amazingly, I'm actually starting to catch on to the Elliott Wave patterns.
Thanks for posting. But ı think it will decrease
Good posting.
I like all of your posts. I used to forex before but it does not get any time now. But I love Forex a lot. It's great to see your post.
Haejin's predictions WILL lose you money
My IMX TA, Give me $300 upvote!
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Haejin's rewards come almost completely from a single user... Haejin doesn't care about you or the money you make, he just wants to earn as much money as he can and in the process he will ruin and kill the profits of others. So lets spread out these profits, #flaghaejin
Everything has gone over my head. It have many things to learn.
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