DASH is WXY-ing
SUMMARY
DASH has been plotting the course for a WXY combination Elliott Waves and triangles are playing solid roles. WXY in effect has two corrective patterns connected. By connecting simpler corrective patterns allows price to move sideways and this move can be extended. The X wave is the reactionary wave is usually a zig zag (5,3,5) but not required as it can be a flat (3,3,5).
The below chart shows blue wxy waves which appears quite horizontal in form and pathway. The W wave can be seen as a triangle/zigzag; the X is a flat and Y is a zig zag with a triangle b wave combination. IF this count is correct, then the Y wave could call for a lower low, even if it's a little below the low of prior A wave.
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
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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this helps but didn't understand the monopoly of digital currency
Haejin you mention we buy bitcoin at $8000 or 7k.Because you show it going to that area.I am waiting but its not going there. @salahuddin2004 mention to buy at 10k for target of 20k before 30 March. Look like his predictions on top at the moment even for eos litecoin etc.Please reply with honesty.
I think we should match @salahuddin2004 and @haejin past predictions to see who has been more accurate.
He said that that was his preferred path, but not the only plausible one. He has target buys that are higher than current if it breaks a major resistance line.
我怎么都发布不了啊
没法发布文章
Who wants some Bitcoin at $7k today? https://steemit.com/bitcoin/@investingtips/usd7-000-bitcoin-incoming-before-cme-futures-ends-today
How to get it
ladder set
the chart should always be followed on regular intervals
Dash will be mooning soon...waiting is half the battle!
haejin TA is like this pile of poo!!
At this points for me doesn't make any sense, I can't make a move with this chart.
I want above all to thank you for sharing the knowledge and tutos, i am following you for more ;)
@haejin it is sad to see that your followers specially @starjuno give negative votes to people who talks about anything different than your analysis and prediction. They are using their steem power to disable other thoughts because people have different thought on elliott wave.
Readers - please consider reading below post and advise if there is anything which is misleading.
Elliott Wave is one of the ancient method being developed in 1920 by Sir Nelson, but looking at the current world dynamics post certain limitation to this method. Here the points to consider - the first of the three objections is simply that the theory contradicts the Efficient Market Hypothesis. The counter argument goes that if Elliott’s theory were true and correct then all investors wise to the “trick” would act on it, and in doing so, destroy the very waves they had measured and discovered. The second is simply an observation that wave principle in general is too vague to be of specific use since it cannot consistently identify when a wave begins or ends, and that forecasts using this methodology are prone to subjective revision. Finally, there are some who believe that the principle is “too dated” to be of use, or even applicable in today’s markets. That technological, governmental, regulatory, economic and social changes have all occurred since the theory was first put forward, but that the theory itself remains unchanged and thus, unable to adapt to its new environment, or serve as a reliable predictor.
There are other reliable statistical tool and concept which can be used to better prediction considering aspect of panic selling, monopoly, uncertainty.
My 2 cents - Elliott Waves is one of tools to predict but not the best one. So please consider reading white paper, severity of the issue addressed by the coin, team background instead blindly relying on prediction graphs and past performance which are built considering assumption which may not hold right in the current dynamics.
@haejin - pls reconsider your vote. I appreciate your good work but it does not look good if you just give negative vote if someone has different opinion.
Hi @Haejin... I have been following you recently and enjoy your posts.
It saddens me to see you And @ranchorelaxo get trolled by people who have nothing better to do. If it ever bothers you, just know that the forces of evil like to enjoy beautiful things.
haejin TA is like this pile of poo!!
Jesus if only we could go back in time and buy a couple of dash masternodes...wouldn't even need to look at charts anymore can just anonymously sell interest everyday.
Thanks for the post!
you are work great thank you for sharing new information with us.