SUMMARY
On February 3rd, I had posted the below chart as an emphasis that a correction for Cryptos is often a slow or slower than expected process. The blue arrow represented the shorter cycle while the white arrow would better reflect the the "Hurry Up & Wait" nature of an Altcoin. Most Cryptos have an inherent tendency to be extremely lethargic in the correction.
The below chart shows Ripple going sideways and currently it reflects the blue arrow pathway as shown in the first chart. The blue wxyxz represent a potential price pathway that would likely lead to a lower low for the completion of the white Z wave. These complex corrections are always a bit of a challenge for newbie Elliticians to label. But, like anything, practice makes it easier. Many perceive a correction bottom as an event; for instance the instant when the wedge is breached; many newbies feel the bottom can be marked. Unfortunately, a correction bottom is not an event but rather a process. As the blue wxyxz shows, the bottoming process for Cryptos can be quite extended and this is when awareness of alternates carries value.
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.
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After every correction there is a jump We all will have to wait for the good times
He's putting up a fake chart again for the voting pool. The Market is not correcting, but
226 hedge funds are running it for their profit. WHAT A FAKE YOU ARE HAEJIN working for
whales getting all the money from poor steemians...
https://steemit.com/cryptocurrency/@corea/heajin-or-haejin
조까라 그래 색끼야 너같은 색끼가 더 나뻐... 해진이 어디 사는지 누군지 다 까발리기 전에 입 닥치는게 좋을꺼야. 지금 많이 바주고 있써 강냉이를 다 털어버려 . WOW so Scary ... JUST suck his ass like you makes steemit more deteriorated. I am waiting to be him to behave unless I will reveal his identity & location. DO NOT PUSH ME...
@born2crypto you are a spammer, you are trolling around, you are trying to lick so hard @haejin to get into his money wagon and you are trying to act smart
i flagged this post because IT IS spam (pasted comments) and ALSO because your are not adding proof-of-brain- to NOTHING you do (go and look his blog), go back to your favorite social media and go troll there, and lick someone else ass elsewhere where we don't see you doing it
self appoint sheep
Markets must correct in order to slingshot further. Thank you for sharing this article. Upvoted and Resteemed by @cryptoryno33
Good post
Xrp goods investasi
Great post thanks for sharing good information.. i like it
Request analysis for XLM, ADA, and SNT. I'm tracking ...
I'd like to hear your opinion.^^
well information for all steemit user,,,
thanks for shareing....
Range bound at the moment. Price hit sell orders at $1.09 and found buyer orders at $0.75. Need to break $1.09 before price moves to the next stack of sell orders at $1.22.
in the meantime the comments are not answered
Ripple is the worst cryptocurrency, it is terribly centralised and investors are prone to loose their money anytime! If you are buying ripple, you are only making ripple.inc richer.
Excellent analysis as always haejin..reminds me of the old days when we laddered in and made a ton of money ...cheers friend
that's really nice post
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 176.54 SBD, based on the pending payout at the time the data was extracted.
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