STEEM Update: The Chalice of Wealth Needs to Breach the Upper Resistance Line...Find out in this Analysis!
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SUMMARY
STEEM needs to breach out and above the upper white line of the symmetrical triangle pattern. It will and it's only a matter of time. My target still remains at $4 before $14.
Here is STEEM/BTC pair with its own Cup & Handle pattern! The handle is extremely long and the cup is a bit deformed. But, it matters none as once the upper white line is breached, an impulse set of waves should carry it to 0.00077 BTC.
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.**
Thank you Haejin....looks like its about to pop!
I tried to do my first analyzing and i used xvg for it, could you tell me if i did correct? Sorry for the bad drawing haha..
thank you Haejin...i see it!
wave 3 cannot be the shortest of the 3 actionary waves ( 1, 3, 5)
i understand that ....i realized later!
will try again later haha.....practise makes perfect :-)
Thank you for helping out!
Haejin uses the interactive charts of tradingview.com. Register email, and it is free.
thank you, great advice!
I loved reading this, it would be nice to have a blog just for practicing charts and learning off each other!
Its only very short term but im trying to see if i see the trend
Haejin, what about Steem Dollars, I thought this downward triangle fractal chart was very interesting, as it now seems to be taking a life of its own, rather than simply pegged to the USD! :
I’m planning to move some airdropped BTG and BCD coins into steem but I’m not that sure, someday a pump might happen like Bcash.
A pump's gonna happen here too. Do you really think BTG deserves a 6 Billion market cap?
It's not what you or I think; It's all on sentiment
Can't argue with that, you're right as usual @haejin!
Not about being deserved, the market cap is given by the price of the coin multiplied by its supply and as it has the same of BTC's after the fork, there you have it...if the market doesn't like it nor support it, it will be worth zero very soon but for the moment it is there.
I think it's a good time to sell BTG basically, Steem is so much more valuable as a project and there's surely more upside.
where do you get airdropped BTG? Is it a certain exchange?
I got mine on Bittrex...
so you just got it recently when BTG was open for trading on Bittrex?
If you own your private keys at the fork’s snapshot you automatically own BTG, if an exchange owns your keys, it is their choice whether to give you the coins or not
Hello... any new updates on Ethos ? Is there in of data ?
Thanks
Really a great analysis. I have followed you to learn about these charts and analysis.
Thanks again for the chart hyung.
All aboard to steem train. !!!!next stop the moon. !!
I would like to auto upvote to contribute to @haejin posts. Does anyone know the best way to do this?
https://steemvoter.com/
Hope this helps.
Awesome I was needing that.
Thank you for that @summertooth!
https://steemvoter.com/
Weird, summertooth's reply wasn't there when I posted this, yet it's older :/
Thanks for the help @indurkin!
Come on everyone!
You know you want to drink the kool-aid
Thank you!
I am ready to sip from the hallowed cup!