AUGUR (REP) Analysis: When You See a DOUBLE Cup & Handle, Would you be Bearish?? NOT!!
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SUMMARY
Augur (REP) is very interesting. What at first looks like wild swings, drawing lines under the price bars clarifies a pattern. The first Cup & Handle (white) has led to a second Cup & Handle (blue). The handle formation for the second could take a while. Never forget about the "Hurry Up & Wait" syndrome of Alts. Since they hurry the impulse waves, their corrective waves often take 2x or 3x longer. Once handle formation is complete, the blue Elliott Waves should take price to $57.29 or higher!!
The REP/BTC pair has completed a classic, vintage Zig Zag a,b,c correction. How to know when the correction is complete? You count the subwaves. I've laid out the five sub waves for red wave a and the same for wave c. Look how nicely the five subewaves of wave c just fit into place. This give high confidend that the bottom is in or will be at any moment. I expect an impulse set of waves to take prices to 0.018 BTC or higher!
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.**
"Hurry Up & Wait"
When the Cup & Handle breaks, OFF to $100
Running out of saucers for all these cups!!!! Better than spinning plates.
It Augurs well for the future.
Many thanks Haejin. You keep introducing to new coins!
thanks for information about bitcoin.well done.
Augur!
why??
He is talking about Augur not Bitcoin. :)
oh i see
Hello , Mr. Lee . Can we have an update on BCH and EOS.
Did you receive my email through your contact form?
I love your post but I do not know what exchange or wallets you recommend for all of these alt coins.
What do you recommend?
Can you also please tell us what charting program you use so I can practice Elliot waves?
Thank you 🤗
There are many exchanges and wallets. Some wallets are dedicated to one coin, and some handle many coins. For multiple coins and an easy user interface take a look at JAXX and Coinomi.
Exchanges vary in what coins they offer to trade. It also depends on where you live as to whether you can use the exchange or not in many cases.
Bitshares is decentralized, many like it, just read about it to avoid confusion about the coins there.
Bittrex is very user friendly and has most coins discussed here, but not all.
Binance is newer but is getting great reviews.
A fairly complete list can be found here:
https://coinmarketcap.com/
If you search any coin on that site, you can then click markets to see where it is traded, hope that helps!
For charting, Haejin uses https://www.Tradingview.com It has all the tools he uses built in.
You do not know why Bittrex has closed the purse USDT. Why? Is it temporary?
Вы не в курсе на Bittrex почему то закрыли кошелек USDT. Почему? Это временно?
I don't know exactly why they did. I do know that USDT is going through a lot of troubles. I would not trust my funds in USDT. Convert to real USD or BitUSD for better security of your funds.
Thank You
He uses mainly https://www.tradingview.com/ for charts
Didn't see your post before I edited, thank you!
How dare you :p
hahaha!
Mempool to the Moon.
Lol for a split second i was like where can i buy it FOMO !!!
Damn, sorry man.....gonna get worse as more people are buying into BTC everyday. It's all over the Finance channels these days, and on every news site.
I am very worried about the BCH, could You take a look, Thanks
Я очень переживаю по поводу ВСН,, Не могли бы Вы посмотреть, Спасибо
Volume is increasing...
King Haejin !! Can u make an update on Augur please ? I see in the BTC pairing the cup and handle is almost done and bullish on growth !! Will it reach ATH BTC do you think ??