ICON (ICX/BTC) in Putting In an Expanded Flat

in #bitcoin6 years ago

SUMMARY

ICON (ICX/BTC) is putting the finishing touches of what appears to be an Expanded Flat correction which is when the b wave rises higher than the origin point of wave a and c still declines below a. The below chart shows how this expanded flat has the a,b waves each with very three wavish abc (blue) subwaves. Newbies often would try and label the red b wave as the 5th of an impulse. Given how popular the expanded flat is for cryptos, learning how to recognize these would be helpful to any analyst.

A closer look at 60 minute time frame shows the subwaves of wave C which always has five. The white wave (v) is further subdivided by the blue waves. Using this delineation, a bottom or at least a bounce point could be projected to be near 3,750 Satoshi or so.

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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I want to prevent from him also how can we do this please explain brother thanks

I'm outtie, I don't want to be part of this.

😂 funny

Thank You, Im following you now, and will reply in all your posts.

ThanksYou.jpg

thank you... I followed you too

I've been looking at ICX as one of the strongest buys in this correction, really attractive prices now.

Awesome, your information is very helpful and shouldn't be automatically downvoted.

I agree, i dont understand y people do it. Steemit is all about helping people not down voting because they dont like what your doing or disagree if u dont like it just dont follow..simple 😊

No worries man will do any follow? Love ur work btw

You are fantastic as a newbie here you have helped me so much. I have looked at all the other so called analysts and you stand out head and shoulders above all the others. Your guidance and sharing of knowledge is much appreciated. Ignore the other idiots who are down voting you. Honestly they have been very immature and it is just pure jealousy. It is just pure fear and greed like in your tutorials with the Elliot waves. Keep up the fantastic work while we are all learning we need your guidance more than ever.

Thanks for the advice @haejin

Thank you!

Thank you!!

Thanks again

Still following you Haejin! and still HOLD!Thanks for analysis!

thank you for your work!

hi buddy, please confirm on DNT ... bought it 2 weeks ago when you recommended. still target at $1.35?
thanks!

So whilst the market is crashing, feel free to take a look at my new steemit covering games running on the blockchain. It's a bit of light relief from all the red lines!

https://steemit.com/blockchain/@ethgames/welcome-to-ethgames-the-one-stop-for-everything-crypto-games-related

I MUTE all the naysayers and they never appear on the comments! :)

I think icx is a good long hold :)

mind blowing precision

haejin, I like your analysis! funny method to avoid downvote bot .lol

a good analysis that I find logical..

so does this mean ICX wont recover..doesnt look like it from the graphs

your post always good and i have to thought about your post for sometimes.... because your post is all time valuable like this post.. best for luck...

Your graph interpretation about cryptocurrency are priceless.

I'm outtie, I don't want to be part of this.

The analysis offers an insight to make a good decision on either to buy or not

@haejin... you always come with the better predictions as i have ever seen.. have seen your preious predictions going almost right .. so this info can be very important for the people who are using the crypto currency, and have the process of buying and selling....

Research you made is just phenomenal...

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