SALT Is Extending the Correction

in salt •  8 months ago


A five wave impulse is followed by a corrective retracement and that becomes a fractal which repeates at all degree of trends all at the same time. That corrective scenario can be an abc zigzag, flat or a triangle. The fourth type is often called the complex combination. The chart below shows SALT/BTC still working hard on the handle portion of the overall Cup & Handle pattern. The blue abc could be marking the low for the correction; but similar to BTC, the upper white line needs to be breached decisively. Anything short of that would negate the correctional bottom being in.

The SALT/ETH pair has been placing an extended correction since October of 2017. Talk about a slow correction! The whole red wave b had been a complex wxyxz type as shown in the below chart. The curren c wave could pattern out a Cup & Handle but further evidence of an impulse oriented turn is required.

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I up voted this post and Can I offer some feedback to you ?

Why don't you include all your analysis in one and post one article a day ???

I believe that our community could benefit more that way and you would too in long term.

THINK about it..


Clear and specific posts for each coin are one of the things I really like about Haejins work.
If it was all jumbled together that clarity would be lost.


Yes its true that specific posts for each coin is provide some clarity. For simplicity it would be better to put all in one post. It was just my opinion but now I can see both side. Thanks for disagreeing with me.

Well done thanks

I believe that our community could benefit more that way and you would too in long term.

THINK about it.

I am very happy to belong to this steermit family, I will give you my vote, give me your vote.

I am in a very difficult situation. please send me 1000 steem

That correction extension is essentially across the board.
This analysis is quite empty.

You know the presentation could improve a little.
At least some bold text to here and there.
Shit is more basic than a damn RSS feed.

if the pussy's wet,

(like Chet said..)

CHIEF, could you do an update on LTC please?

Hi Haejin,

Can u please update Tron & Verge?


Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 226.88 SBD, based on the pending payout at the time the data was extracted.

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Congratulations @haejin, this post is the third most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 33 and the total pending payments to posts in these categories was $2955.36. To see the full list of highest paid posts across all accounts categories, click here.

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Wow.What a funny editing!Keep it up.It like so enjoying

SALT Is Extending the Correction.why?


Its a great coin never the less.

when is salt launching? Is it still planning on lending at 25/coin as originally stated? Its obviously dropped significantly since and lending platforms has become a bit of a concern since the downfall of bitconnect.

Thanks for the insights, you have helped me to validate my trading decisions.