Why am I hearing so much teeth grinding and painful howls from SafeX owners? Cheer UP!
Below shows how the recent rise and fall can be put into perspective. Simply put, Elliott Waves states that after five impulse waves, there is a requisite correction. The below shows a deep correction. However, if you were proficient to count your subwaves, you could and will be able to take profits and avoid these painful retracements. So, review my tutorials and practice! The a,b,c correction could now be done! The bull flag is one pattern indication that gives confidence to this probability. Therefore, my forecast shows another impulse starting as shown by the white waves. Target is $0.0463 or MUCH HIGHER!
The Safex/BTC pair is showing off a very large, wide Cup & Handle. People, this is EXTREMELY BULLISH! The handle is complete and the impulse only need to mature. Target of 0.00000867 stands solid!
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.**