SAFEX Breaking OUT of a BULL FLAG!! How will Bittrex delisting effect Safex?
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SUMMARY
The chart is all I look at, nothing else. No news, no events, no fundamentals. It took me many years to fully convert to the belief that PRICE drives the news; PRICE drives the events; PRICE drives the fundamentals and NEVER the reverse. Many have difficulty understanding this, nevermind believing it and see it as an upside down thinking. Having made accurate forecasts much earlier than the news, I've consistently realized that news or events eventually arrive to justify the forecast...NEVER the reverse.
The below chart of SafeX shows that the a,b,c correction is likely complete. The bull flag is already breaking out and the blue symmetrical triangle adds to the bullish intentions of price. I've added the Elliott Waves to target $0.0463 or higher.
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
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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Legal Mumbo Jumbo: 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.**
Cryptopias wallet is in mantainance right now, bought before the news came out your right price drives the news!
I just tried to move over from Bittrex, Cryptopia shutdown deposits and has delisted :(
When bitshsares got "bittrexed" it provided an amazing buying opportunity so why not now. Thanks Haejin!
Really Good article sir
Thank you so much
Keep on
a safe bet.
Another great analysis. Thank you.
Can you pls put in sub waves sir, and I understand and believe you it makes sense now. Once price skyrockets bittrex will ether not delist or re-enlist.
our safecx coins cannot be sent out of BIttrex into Cryptopia, what do we do, do we sell low in Bittrex and rebuy in cryptopia, hope to make up for the loss.
Bittrex won't even allow you to sell now will they? Cryptopia wont take deposits any longer either
Love you so much Haejin. Don't know when I can achieve the accurate prediction level using elliott technique like yours. I'm learning it, but still a junior :(
good post my friends love it
Seems to be spot on. Too bad I'm too late to read this!