Electroneum (ETN) Needs a Dip Lower to Complete Correction

in #bitcoin7 years ago

SUMMARY

Electroneum (ETN) is still not yet complete with its a,b,c correction as shown below. The red b waves is an a,b,c,d,e triangle and the c wave subwaves are shown as white impulse 1,2,3,4,5 waves. It shows that white wave 5 is still due. The expected subwaves of the white wave 5 is labeled in blue. The target for probable bottom is $0.042 or so.

The ETN/BTC is forming what looks to be a probable bullish downward pointing symmetrical triangle. However, it is not yet complete. Since wave c always has five subwaves, I've labeled them as white waves 1,2,3,4,5. Wave 3 is completing and so that leaves 4 and a lower low to 5. Once complete at around 127 Satoshi, the bottom could likely be called.

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.**

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Oh , so I have to wait more to get my major entry, I have bought some today but still not a major entry.

So I will set my buy orders in 125 to 150 range

I want to buy some more btc.. when is the next dip coming and at what level?
Do you share updates for litecoin and ripple???

Btc next dip will be just before 18 december. Before listing of bitcoin futures by CME. Then it will move above 2000. So get in if it dips from 20000 level and get in around 17k to 18k mark.

Btc if break 20k mark then it will just shoot to 25k in no time

True. Some thought there'll be no way BTC hits $20,000 before the end of the year and look at it now...

DIP !
DIP !!
DIP !!!
DIP !!!!
DIP !!!!
BTFD !!!!!!

Keep up the good work

Thanks for the tip my friend :)

Need some advice over xrp and ltc... and were the next dip for btc can reach... pleasseee

Sure my friend, let me help you :)

XRP/USD
XRP.png

LTC/USD
LTC.png

BTCUSD
BTC.png

Good luck my friend 👍

XRP/USD, not a correction, but a consolidation. An ABCDE Triangle one, that is probably over by the way. Next: moving up!

Next move is up for sure, but it looks like its still trying to correct. After seeing what LTC did, patience is profits and making lots of ladders takes the edge off.

Right @demonklyd, it's a consolidation, I'm sorry about that 😅

@haejin - resteemed - seems to be trading up and about to break 9c - any thoughts on direction of shareprice from this point forward.

Casting a ladder, HAEJIN style!

:)

Thanks for everything, Haejin!

How do you decide buying price? Or is random?

Can you do an update on Cardano (ADA) its going pretty well and in accordance to you analysis

Thanks Haejin!

Thank you.

Could you please update Omisego?

"Needs a Dip Lower"
I would like to see other coins dip too so I can buy more.