VERITASEUM (VERI) Needs a True Correction Bottom

in #veritaseum7 years ago

SUMMARY

Veritaseum (VERI/USD) has not yet bottomed. It's correction commenced on January 7th and likely has a bit more lower low to go. It had and still does fit well into the boundaries of a wedge pattern as shown in below chart. This correction is quite natural because it's following an impulse motive of five waves (blue).

This chart sows a full doc of waves and subwaves. Instead of an ABC trace; the WXYXZ (yellow) is used to label the declining retracement. The yellow Z is furthre subdivided as a micro wxyxz (white) which calls for a lower low; perhaps one last time. At around $143; the price proximity tot he Apex would be ideal for the start of a trend reversal.

Fibonacci shows that $143 woudl equate to about 0.618 retracement. For Cryptos, deep retracement is often the norm given the shortage in liquidity. In due time (years?), this should change where volatitlity and % drawdown will both decrease.

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.

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It's Haejin you dense imbecile! (해진) not Heajin...you should know better for you are Korean also!

What??? grumpycat/madpuppy is Korean?? How do you know that?

@haejin, if you know the true identity of GC, would you mind telling it? I really would like to talk with the person behind the cat mask!
FD.

WE ARE THE RESISTANCE!

@GrumpyCat

  • You are flagging innocent people and calling them "collateral damage"!
  • You are trying to impose your rules by using your SP on ones weaker than you!
  • You have rejected all the diplomatic proposals we have brought so far!

Your self upvote is flagged by The-Resistance team using the WE-RESIST bot.
We will be resisting with a team, stronger each day, unless you stop downvoting innocent people.

To your tyranny WE-RESIST

The Resistance
Discord: https://discord.gg/qMWCbWR

WE ARE THE RESISTANCE!

@GrumpyCat

Your self upvote is flagged by The-Resistance team using the WE-RESIST bot.
We will be resisting with a team, stronger each day, unless you stop downvoting innocent people.

To your tyranny WE-RESIST

The Resistance
Discord: https://discord.gg/qMWCbWR

Appreciated your good work. Go ahead and fuck this idiot.

@nihan, thank you for your appreciation. To be clear, we don't want to fuck this idiot. We want to stop him from hurting minnows as collateral damage!
@The-Resistance

You need to receive more delegations!

@haejin, we don't operate on delegations. What we need is more minnows that have enough heart and courage to protect each other from @GrumpyCat that is flagging them as "collateral damage" in his fight with bots.
@The-Resistance

Minnows and whales are welcome to help, whether it's by delegation or by signing up with the resistance bot.

How bad is he even hurting minnows that use the bots that allow upvotes after 3.5 days? I've not really seen a full flag on any of them unless they've been warned numerous times.

I'm sure you know more about this than me, so please enlighten me. @the-resistance just seems like spam with always replying the same thing.

I'm not on either side of this, for the record.

Thanks, very good post !!!!

Awesome Work!

Keep it up!!!

@cryptoinvestinfo

Spam is discouraged by the community, including comment spam.

Tips to avoid being flagged

Thank You! ⚜

This is the first time i heard about this coin.

WE ARE THE RESISTANCE!

@GrumpyCat

  • You are flagging innocent people and calling them "collateral damage"!
  • You are trying to impose your rules by using your SP on ones weaker than you!
  • You have rejected all the diplomatic proposals we have brought so far!

Your self upvote is flagged by The-Resistance team using the WE-RESIST bot.
We will be resisting with a team, stronger each day, unless you stop downvoting innocent people.

To your tyranny WE-RESIST

The Resistance
Discord: https://discord.gg/qMWCbWR

First, your English sucks! Take some more ESL classes!

Second, if your comment reflects your analysis, it's piss poor lacking in experience and technique. But then, you're too busy self upvoting your many, many consecutive "space holder" comments just before the 6 day payout....I forgot, that's top secret! And yet you demand "grumpycat compliance"...no better than @berniesanders! A farse! How would you like the @kimjongpoo label on you...@berniesanders will be happy to endow you with it!

Oh yeah, you also bought STEEM at the highest ICO price....it naturally reflects the accuracy of your piss poor analysis! Here is a tag for you: #BuyHighSellLow

Are you actualy trying to recover your buy high losses by self upvoting? Pathetico!

PS: I love cats. I have two! But not a grumpy one!

WE ARE THE RESISTANCE!

@GrumpyCat

  • You are flagging innocent people and calling them "collateral damage"!
  • You are trying to impose your rules by using your SP on ones weaker than you!
  • You have rejected all the diplomatic proposals we have brought so far!

Your self upvote is flagged by The-Resistance team using the WE-RESIST bot.
We will be resisting with a team, stronger each day, unless you stop downvoting innocent people.

To your tyranny WE-RESIST

The Resistance
Discord: https://discord.gg/qMWCbWR

Lol gotta admit this was an amusing comment. By the way, you from Seoul? Daejeon? I lived in Anyang and Bucheon for a couple of years, still my favourite country in Asia.

(Try to avoid flagging me this time @done, I'm literally just curious)

Veritesum is one of lowest Coin in Volume! Nice Coin check it out! ;=)

It's pretty complicated. Where can I go to learn how to read graphs like these @haejin?

Please review the tutorials linked end of each blog.

Was it a new currency?
coollogo_com-12546597.gif

Leaving comments asking for votes, follows, or other self promotional messages could be seen as spam.

Your Reputation Could be a Tasty Snack with the Wrong Comment!

Thank You! ⚜

wow good information keep it up

Always a lot of issues in the world of blockchainc and you think we should change our view. We'd better make an analysis after an event has happened, if not, it's the same as speculating, and that could be good and could be pretty bad for the business world. Good job @haijen

WE ARE THE RESISTANCE!

You are bullied by @grumpycat on your post, but protected by all members of The Resistance.
Thank you for being in The Resistance.

@GrumpyCat, to your tyranny WE-RESIST

The Resistance
Discord: https://discord.gg/qMWCbWR

great information. thank you

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