NEM (XEM/BTC) is on the Second Round of Correction

in #xem • 7 years ago

SUMMARY

NEM (XEM/BTC) counts well on the impulse waves which has now repeated twice. The initial abc correction shaped out a wedge from which price broke out. The completion of the second impulse has led to the requisite correction.

IF the primary corrective count is a flat abc; then the final five subwves of red c wave could be as shown where waves 1 and 2 are placed and so 3,4 and 5 are remain for a lower low.

Another pattern based correction could be a triangle where a,b,c,d,e waves allow for the needed time consumption of a correction. Regardless, XEM will be following BTC's lead for price pathway.

Legal Disclaimer: 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
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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7 years ago in #xem by
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    • [-]
     7 years ago 

    PLEASE COMMENT AS REPLY TO THIS TO AVOIDE AUTO-DOWNVOTE from -18 BS!

    [-]
     7 years ago 

    Communist trash still outsmarted by a bot. Go back to making bullshit calls for your sheep to follow.

    [-]
     7 years ago 

    Hallo Haejin. Did we just hit bottom on Bitcoin ? We are almost back in the triangle and a Huge Sell Volume (Capitulation) followed by a Bullish engulfing Candle signaling reversal ?
    BTC20180206.JPG

    [-]
     7 years ago 

    I always follow your post since i joined steemit.I figured out one thing that you show every thing in details.Which is very helpful for people like me.Thank's from deep end of my heart for sharing such effective post.@upvoted and resteemed

    [-]
     7 years ago 

    I think you as my financial adviser.You are not predicting you are showing clearly that what we should do.Thanks for such informative post.This sort of post helps a lot of people take there decision.

    [-]
     7 years ago 

    I think of him as the same. Very good predictions and I invested based of his work and I'm not disappointed. Looks like the market is going up!

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