Einsteinium (EMC2): Almost, the correction is almost DONE!!

haejin (87)in #bitcoin • 7 years ago

SUMMARY

I like EMC2! This coin is in the process of completing the third fractal downward pointing symmetrical triangle. It's quite appealing to see how the contracting lines limit the price mobility and almost traps it within the grasps of the lines. Note that as price approaches the apex; the point at which the two lines intersect, price becomes far more agitated. Also, most importantly, there comes a point where not a seller is to be seen. All sellers have sold what they have and left the bar....so that only ones left are the buyers. This is when price explodes up and out of such bullish patterns.

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
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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?

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#money #cryptocurrency #blockchain #emc2

7 years ago in #bitcoin by haejin (87)

$317.45

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jaguarpawmu (44) 7 years ago (edited)

First! Boom!

$10.45

5 votes

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minnowboosted (-1)(1) 6 years ago

$0.00

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jerseynash (43) 7 years ago (edited)

Two things I have learned over the years in investing, which is so applicable here -

Never catch a falling knife. It's good to be little late on the way up, rather than early on the way down &
Let your winners ride, because uptrend is your friend :-)

$0.85

5 votes

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hippo (52) 7 years ago

Thanks for analysis as always!

$0.31

2 votes

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lrakvon18 (25) 7 years ago (edited)

Whose interested in seeing a Digibyte game like this?

$0.13

3 votes

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melooo182 (68) 7 years ago

I'd play it for the lulz :)

$0.00

1 vote

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vinyljunkie (6) 7 years ago

Until Bitcoin starts moving north again nothing is going to go up, you can draw all the fancy lines you want.

$0.08

3 votes

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live-and-learn (37) 7 years ago

NEO, GAS, ANT and EOS are all moving up fast these days :) Really glad i decided to HODL and ride out the storm..
Nothing is certain in the world of cryptos ;)

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hananova (45) 7 years ago (edited)

Thanks. The overall downtrend of the market doesn't bother you, right? You look at it as a good opportunity to buy on discount, right?

$0.03

1 vote

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surgeo (32) 7 years ago

Thanks Haejin! Should we buy in this market or wait for BTC to rise again?

$0.00

2 votes

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emmanuel250998 (53) 7 years ago

Thank you very much for your analysis @haejin, you do an excellent job. Thanks to you, I have succeeded in making many successful trades. Keep up the good work, buddy. Greetings from Venezuela ;)

$0.00

1 vote

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