BlackCoin (BLK) Likely Within Terminal End of Correction

in #blackcoin3 years ago

SUMMARY

Black Coin (BLK) is showing the common symmetrical triangles that often repeat consecutively during an Altcoin correction. Given the breach from the second fractal, price has made sizable effort to continue the breakout.

A closeup shows a five wave impulse up allowed the escape from the triangle trend lines and the resulting correction seems at the latter end of its process. In this case, the pathway is labeled as wxyxz which thus calls for a lower low potential.

As there are almost always more than one way of counting Elliott Waves, the initial down could be counted as an abc subwave for WXYXZ. Often these multiple counts might vary in the pathway but the destination usually remains about the same. Bottom line, the correction is likely at it terminal end and the lower low would likely hit the 0.78 Fibonacci zone.

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?

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Dear @haejin

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Do you think Haejin really gives a fuck about some gay little app you made? When you drive a LAMBO like Haejin come back that day & show us how powerful you are. Until then go play FarmVille or something stupid like dat little boiy.

I wonder what it would be like to drive a lambo in korea, I mean I know in the cities that the streets can get crowded and with the country being in a cold war and all... I think I wold prefer to drive something more practical there.

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thank you

Would you be kind enough to review this post and give constructive criticism,,,
https://steemit.com/bitcoin/@richatvns/reality-for-cryptocurrency-market-volatility-why-it-will-continue-this-year-simple-and-clear-reasons

I do some of my research and observations differently buy by using some of the graph trend nomenclature it you teach, it goes right in and makes sense with how my analysis will correlated with real crypto-markets and has given validity to many of my suppositions....

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@HAEJIN - You Should Watch This Video
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@HAEJIN - You Should Watch This Video
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Such a cry baby! Keep your trash for you ! GFY

Nice post

You must be a fool if you think Haejin has time to come read your garbage. Do not post your junk here anymore & you will be punished!!!

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Wow nice post.
Cripto currentsy market news
Thanks for sharing
@haejin

Your post doesn't make any sence at all. You can't know upfront where the dip ends and where the raise ends!

It is impossible to buy a coin at its lowest point and sell it at its highest point. PERIOD!

actually your wrong, you put together a set aside of money once you realize a down trend you sell of your set aside 10-20% as each 5% in value goes out when it hits base and retrends up you buy some more while its heading up, Once it reaches half the retread you sell off half of what you have bought at the lowers levels.

Its not rocket science....
You just want an instrument that went down with the whole market and still has good bones....

everytime I see blackcoin I remember my faucethub.io account!

great post!

Thanks for sharing... And for this great information

Because BlackCoin has a lot of "spikes" people call this a "Popcorn Coin".

  • If you want to buy this one, try to put in a buy-inn at a much lower price. Look at the negative spikes this coin has.

  • When you're holding this coin, always try to keep a sell order on a much higher price. Look at the positive spikes this coin shows.

But for now, don't buy anything!

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@HAEJIN - You Should Watch This Video
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@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.

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