STEEM Update: Technical Analysis Teaches Emotional Maturity...how? Check out this blog!
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SUMMARY
Are you nervous about STEEM back at $0.90? Don't be...why? Because of this:
Yes, Cup & Handles are slow patterns to complete and confirm but they also provide the most sustained rallies, once confirmed with a breakout!
One trait Technical Analysis will instill in you is emotional maturity. The discipline to be calm and serine amidst a crow of the panicked. Why? Because Technical Analysis allows a probable peak around the corner of time. Remember, Technical Analysis is nothing more than a way to identify as many possibilities and from them identify the most probable. This is also why possible is not the same as probable.
Now here is a shorter time frame for STEEM. I'm combining Elliott Waves with Chart Pattern Recognition. I believe the upper white line of resistance will be breached. This correction is to wash away the weak hands, those who are too afraid and already panicking. So, what to do? BTFD!
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?
Follow me on Twitter for Real Time Alerts!!
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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.**
Corrections give you the opportunity to relax take a good book and read it.
Take your mind off cryptocurrency for some time.
yes sir agreed!!
i buy bts and eos...everyday...when corrections happens i buy 4times the usual amount....cuz everythings on sale...lol
Corrections are like a time machine that lets you go back to buy at a lower price, with the knowledge of what it can attain.
great analogy.
I see STEEM going to $4 by end of January.
Get ready to hold on Blasting to the moon soon. ($100 STEEM! by end of the year.)
I'm not nervous, I just bought more.
I rather it stay below a $1 longer so I can accumulate more!
That kind of thinking is empowering!
Anybody notice how EOS hardly even flinched in the correction.....EOS EOS EOS!
it's kind of irritating i sold it at 3.25 and was hoping for a nice big correction to 1.90-2.00
Yeah! That's our War Cry: BTFD!!!!!!!
I panicked and sold everything. ... NOT!
BTFD!!!!its a Christmas sale. Lmao
hahahahaha!
By the way! the same applicable to BITSHARES!!!!
What I have been doing is buying STEEM with Bitshares (also EOS too). Now I've increased my Bitshares and also diversified my holdings....LIKE A BOSS!!!!
That's the game man!
I have a novice question...... When you say you buy STEEM and EOS with Bitshares do you mean you keep it as open.STEEEM and open.EOS? Reason why I ask is I cannot figure out that the "open" part is...... why are they open.STEEM and open.EOS instead of just STEEM and EOS ????
I think it's a way the Bitshares blockchain deals with it - that they're somehow a pegged asset hosted on the Bitshares blockchain, rather than the actual Steem or EOS asset - which would be hosted on the Steem and Ethereum blockchains, respectively.
Though if you withdraw to either Steem, Ethereum, or another exchange, you'll receive the corresponding amount of actual Steem or EOS.
Thank you for sharing this. I hope it gets better in the next weeks :)
TRUE THAT
Thanx for the analysis.