BYTEBALL (GBYTE) & Head & Shoulders Pattern

in #byteball6 years ago (edited)

SUMMARY

Byteball (BGYTE) had undergone a complex wxyxz wedge correction which burst out in a five wave impulse (white). I've labeled the abc as a simple zigzag and the key question is if the bottom is in or not. As long as Bitcoin performs, I beieve it could be highly likely.

The pattern that seems to be paint a bullish scenario is the inverted Head & Shoulders as shown in below chart. The pattern is also confired by volume thus far. IF this pattern is correct, then the right shoulder should start completing soon. This could allow price to rise towards $887 or so.

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 shoud 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
@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!!
--
--

Sort:  

so beautiful your art i like your post. i wait for your next post carry @bijoy123

Hello Haejin, do you think EOS / BTC is creating a cup and handle?cup and handle eos.jpg

Yes, and wave 2 coincides with the handle formation.

Thanks for this analysis! Please do SPR, I'm curious if you think it will come back after it failed to fork in late January and sentiment is now that it was/is a scam.

Still doesn't change the fact that he's an asshole...

Dear Haejin, can you give us your thought about BTC now? i think it has breached!

Great info! I have taken a liking to Byteball, but can anyone recommend a channel/blog to follow that trades on Satoshi value as well? I personally can't trade in USD (I'm South African) so it makes it a bit difficult going by these USD signals, although we do appreciate it nevertheless.

Good to read this post as it gives me a good insight of the discuss matter, keep it coming and don't forget to give me a cool reward on my thread. Enjoy

UPVOTE 4 UPVOTE 4 HAEJIN UPVOTE

Are you going to downvote until i die? İs it ethical always? You are such a bad analyst and you earn to much everyday? Money is not everything? There is not a good authority which will analyze our posts quality. You think that members like me mustnt earn money. İt is not ethical that i had only wrote The link in wrong place. You may warn. instead you had behaved like an enemy. if you want to killme , money is not the gun haejin. And also i didnt write a post for nearly about 20 hours in your blog? Whats The reason of your hate like an enemy?

Very nice job. Keep doing this. THANKS>

Coin Marketplace

STEEM 0.30
TRX 0.11
JST 0.034
BTC 66499.54
ETH 3203.31
USDT 1.00
SBD 4.14