Syndicate (SYNX/BTC): Fractals Could Play Out

3년 전

SUMMARY

Syndicate (SYNX/BTC) can clearly be shown to have two fractals. The first is a Cup & Handle that resulted in price skyrocketing in a very rushed impulse set as shown by the blue five waves. Following the a,b,c correction, a second fractal has formed and is nearly complete. Fractal #2 also has an embeded rounded price bottom. Once and IF the blue handle formation completes, the first fractal price action could be used as guide for subsequent likelihood of a surge in SYNX/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?

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Double bull patterns = money in the bank!!!

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Can someone do TA on the USD?

Hi guys, I think you might like to read this: https://steemit.com/trading/@grateful-charts/full-time-day-trading-forex-crypto-and-stocks-which-market-takes-the-most-skill#@grateful-charts/re-cryptoclick-re-grateful-charts-full-time-day-trading-forex-crypto-and-stocks-which-market-takes-the-most-skill-20180122t223606300z

The author of the above post is a new Steemian, a professional Crypto Analyst too, but he claims that knowledge of technical anlaysis doesn’t apply without a proper history and in crypto trading, there is not enough charting and true technical analysis yet, so for him crypto now is mainly fundamental and driven by public market sentiment.

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@haejin often says that since it's so new, it's not heavily manipulated like Wall Street. The market is based on true price sentiment and that is why TA can be used so effectively. But remember, @haejin is using Elliot Waves and Chart Patterns in combination to come up with the TA. This combination is key to getting the results he gets.

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I followed some of the predictions and have found both, correct and not... like he is saying, no one has a crystal ball. Surely though, taking fundamentals into consideration greatly helps, especially the coin/token underlying technology, the team behind it and the current happenings around it.

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Oh and maybe this too, it is about the Sacred Geometry in Finance and how it can unlock our dreams and change our future:
https://steemit.com/life/@grateful-charts/the-power-of-the-golden-mean
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very good analysis

Interesting let me try to follow your tutorials for a recap on what I've missed. Getting more on btc is getting fun

Who else wants this one on Binance?

Great analysis, always thank you
And please update your analysis about DCN coin

Muchas gracias por compartir tus análisis