SUMMARY
Prior analysis showed the conditions of a breakout reversal. Reviewing the daily, bigger picture pattern of price activity thus far shows price has breached the upper line of the downward pointing symmetrical triangle. The abc is labeled as shown and this is NOT deviation from prior analysis. There are always multiple ways to label Elliott Waves and this is that case. Prior analysis had it as wxyxz complex label; and yet, the whole can be labeled as ABC within a newy drawn wedge pattern.
What's missing is the surge in volume that MUST accompany the breakout. This surge could arrive a bit later, especially if Bitcoin decides to reach near towards $9k or so. However, it is a bit concerning to not yet see the volume surge.
The abscence of a volume surge poses the potential for the below Head & Shoulders to become actionable. The volume surge will allow the preservation of the young uptrend and a higher high would be more ideal.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Plain and simple...as Bitcoin goes, so will the alt-coins.
Volume is down to a trickle = it's about to explode with Volume!!!
Hopefully it goes up soon.
https://steemit.com/money/@bafspotlight/4-creative-methods-bloggers-can-use-to-generate-cash-from-affiliate-marketing
@tokyoin waiting for explode.
Why Crypto Investing is a Terrible Idea... Graphic Language and References Used... Do NOT read if you are under 18 https://steemit.com/bitcoin/@investingtips/why-cryptocurrency-investing-is-a-terrible-idea-warning-18-only-graphic-language-used
Every time someone recommends not to invest in Crypto, do the opposite.
And that is why you will be poor my friend, investing based on emotional ties to shit ideology that you do not even understand, rather than looking for unbiased truth. Hope you see the truth before it is too late my friend.
Where is the Volume?
Ask John McAfee.
@maestroq lol.
What happen to image?
I need to see image because i can’t speak english well. That could be hard for me to understand😩
The blog post is getting downvoted by @hendrix22 who has been gunning to denigrate the blog with all he's got. Some are very strange indeed. I have upvoted the blog posts back to visibility with help of other upvotes.
Thanks bro!🤠👍🏻
At bottom of post, hit “show images” button.
Thanks bro! Now i can see it!🤠👍🏻
MORE CRYPTO CHARTS.
https://steemit.com/bitcoin/@daverex/hodl-1
thanks good post information
THank you for choosing Verge out of 10's of 100's coin to analysis.
Where do you get the energy to sit and write good contents like this? I wish I have just 5% of your energy and intelligence perhaps i will get to some place on steem.
You've got to enjoy doing it!
practice , good habits and more practice.
Practice on writing i mean :D
why low rating ?
bots most likely.
Awsome bit coin gloden edge
you can view the images by scrolling down the page and you find a button to show the images.
thanks for your analysis, someone sent downvoting bots to your posts but we still support you :)
I remember when Verge used to have upwards of a billion in volume, but then again so did Tron. I believe the volume will pick up this month after January's mess of a month.
Thank you for the valuable info! Upvoted and Resteemed by @cryptoryno33
May be lost,,,,
Heheheheee :)
Sold on the peak. Predicted doeneard trend
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
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