APPCoins (APPC): Tree and Forest Views
SUMMARY
The TREE COUNT for Shorter Term Traders:
If you are a trader on a shorter term perspective, then we are likely at or near wave 2 and 3 would be next. Price could go sideways also before risig to 3 as is often the case. So patience of a fisherman or a hunter is to be used.
Forward discernment can be used to shape out an inverted H&S as below. Let's see how price moves in the next few days.
Longer Term "Tree Views"
For longer term investors, this level and prior low and even if new lows appear; represent buying opportunities. IF wave 1 is complete and 2 is already or about to; then wave 3 up is next. From a time horizon of months to years, price flicking around is no bother.
The Forest Count for Long Term Investors has not changed in that since the genesis of BTC, a primary degree wave 1 has completed and the "tree" counts are only showing that maybe wave 2 is still in progress. At this "bigger" picture or larger degree of trend, what matter does that make? None! For longer term investors, this kind of price movement as shown above is like a fish out of the water and has little bearing. For "Traders", yes, the short term tree count has utility.
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
@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!!
--
--
I expect Bitcoin to minimally retrace 1/2 back to the February 6 lows. $ 8,759.00 or less. Is my target. I expected lower than 5,846.00 on the last drop. I dont think the is low finished. But for now 8,759 has a 80 % chance IMHO. I posted the basket I use. All 4 of them should retrace 50% or more. All 4 didnt go as low as indicated February 6. The February low may not hold in Ethereum,Bitcoin,Ripple,Litecoin or Steem. For now I will be less bold.
I grew up on an Indian Reservation in the Dakotas. My father became rather traditional as he got older, and being aware of the spirits that are constantly around us is a huge part of Sioux spirituality. The Cheyenne believe that once something terrible happens in a place, it never stops happening. The reservation is/was home to some of the worst atrocities on record, and so the idea of people hanging around after their deaths was not foreign to us. I was raised to believe that it was perfectly normal, if not desired, to be able to see things that non-Natives couldn't. I’ve seen some terribly scary things in my life, but I’ll only share a couple of them.
I grew up in a town that had been home to the most traditional of the traditional. A great war leader was said to have been buried along the banks of the creek that ran through the town, and the traditional Natives flocked there to practice their religion (relatively) safely after a horrible massacre happened in the 1890s. Drug and alcohol abuse had slowly taken over, however, and the one spiritual refuge of the reservation had become a hotspot for rape, murder, suicide, and other untimely endings.
When I was in the 6th grade, my father worked at the community school. Since it was a small town, the school taught grades K-8. He came home troubled one day because the kindergarten class claimed to have all seen a girl who appeared to be dead (throat slit, blackened eyes) staring in at them from the hallway. They had simultaneously started screaming and gesturing toward the door (Natives don't point). Their non-Native teacher was convinced that the kids were all in on some kind of prank, but my dad thought that the appearance of the girl was a sign of things to come.
And it was. It was the beginning of what my family refers to in hushed tones as the 'creepy year.' For no apparent reason, kids started committing suicide down by the creek that ran through the town. One after the other, kids would go down to the same spot and end their lives. A reservation-wide emergency was called and we had to sit in countless assemblies regarding suicide prevention. Still, the suicides continued, and by the end of the month, 4 or 5 kids had died down there.
Soon after the first wave of suicides, a large black car with tinted windows began popping up around town. People mentioned it casually at first, as it was strange to see a new car in a place where everyone knew each other’s rides. Then the car began doing weird things. One of my cousins was driving home from a friend’s house late one night when the car appeared right behind her. Its brights were on and it was tailgating her so closely that she found herself going 90 mph just to keep from getting hit. Then, as she drove past the school, the car disappeared in thin air. Just gone.
The car began appearing more and more. It attempted to run several more people off the road, and everyone was really, really scared. Whatever was in the car became stronger. It would pull up to the houses where the kids who committed suicide had lived and just sit in the darkness with the engine idling. People who drove by it would see the outlines of 5 people sitting in the car. Two in the front, three in the back.
My dad worked with other spiritual leaders across the reservation to find a way to make the car go away, and to give whoever was driving it peace. As my family was pretty open about supernatural phenomena, and as we'd all seen stuff that couldn't be explained, my dad let us know what was going on. As the numbers of ghosts appearing in the community school increased, and as the sightings of the black car rose, my dad grew very upset and worried. We felt like we were under siege...and kids kept committing suicide down by the creek.
One night, when my dad was out somewhere, we heard a car approach the house. I had been reading in my bedroom, but I heard my mother tell my sisters to run to the back. My two younger sisters hurried into the room looking terrified, and we heard my baby brother's babbling stop completely. My mom would later tell me that she had moved to the big window that looked out to the front yard and peered out. It was the black car. In our driveway. Idling.
My mom said her heart stopped when she recognized the hairstyle of one of the girls who had committed suicide. She could barely make her out through the tinted glass, but she knew who she was. My mom ran to the phone to call my dad, and as soon as she got him on the line, the car reversed with a screech and left our driveway.
The car continued being seen, as well as other truly terrifying things, until the suicides halted and a town-wide ceremony was performed. That remains one of the most frightening periods of my life.
$ 12,119.59 ( ~ 23,026.63 USD )
( 1.711 % of total reward fund )
( 83.10 % self, 68 upvotes, 28 accounts, last 7d )
https://steemworld.org/@haejin
something new to learn as I didn't have any idea of appcoin but I know about some cryto currency and still learning! thanks for sharing
hi Haejin, APPC appears to have clearly formed a new all time low by a few hundred satoshis.
This would also invalidate wave 1 now, as it's gone further than 100% of the genesis point of wave 1 and thus can't be wave 2 right?
Any thoughts on what this correction pattern is? Or is it just a weird wave 2 that has dipped lower than wave 1 due to BTC's movements?
Much appreciated from a looooong time follower.
pps, it's obviously some kind of triangle, just not sure if abcde is correct and if we'll see even further lows from here.
Thanks again
good job friend
happy to work because success can be achieved by trying
$ 12,119.59 ( ~ 23,026.63 USD )
( 1.711 % of total reward fund )
( 83.10 % self, 68 upvotes, 28 accounts, last 7d )
https://steemworld.org/@haejin
thankyou SOOOO much Haejin!
PEOPLE IF YOU READ THIS POST, UPVOTE IT! IT's THE LEAST YOU CAN DO FOR HAEJIN's GENEROSITY!!
BTC is dropping so will the APPC?
I hope you are right... We will see soon ;)