CHRONOBANK (TIME/BTC): Breakout in Progress!!

in #bitcoin7 years ago

SUMMARY

Chronobank (TIME/BTC) placed a very extended and lengthy price channel as shown in below chart. The a,b,c nature of this channel is quite apparent as this is the way to identify the bottoms. Subwave counting therefore is paramount to be able to determine the "geo" positioning of the waves as the new price data arrive in real time. Using these, one is able to the forecast the future price pathway based on probability. There is no certainty, only probability. So, the subwaves of the flat correction is labeled and based on the five blue subwaves of the red C wave, the bottom can be seen as being likely in. This is further confirmed by the price breaching the upper white line in an impulsive manner. Recall that an impulse in Elliott Waves is any set of 1,2,3,4,5 waves. IF the breakout is sustainable, the more shorter degree of trend could be 0.0107 BTC.

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?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf

Sort:  

Does anyone know about the actual coin?

About TIME!!!

Great analysis! I'd love to see analysis on the current outlook of VEN after its recent breakout.

Agree with ahmad. @salahuddin2004 is more better and accurate expert than haejin. Look at his yesteraday update and cryptos are flying from that point.

Screenshot_20180124-033544.jpg

Agree with ahmad. @salahuddin2004 is more better and accurate expert than haejin. Look at his yesteraday update and cryptos are flying from that point.

Screenshot_20180124-033544.jpg

Yeah both of you are crap.
@umerfarooqorak

Guys open your eyes. I am not promoting anyone. But @salahuddin2004 deserve respect for his TA. Look at haejin new drama
Screenshot_20180125-015211.jpg

Muchas gracias por compartir tus análisis

great to share

thank's for info about cryptocurrency

Your Technical Analysis is good and thanks for sharing my dear @haejin

Analysis copied... Nice one

Good post I really like that

Thank you Mr Haejin for your tireless efforts.

May I ask you to update the ICONONMI ( ICN ) wave count, since it has done what you forecasted only yesterday and now possibly climbing wave 3?📈🔝

Amazing mind sir