Bytom (BTM): Wave 4 in Progress
SUMMARY
Bytom (BTM) is likely still in the impulse mode. It has completed waves 1,2 and 3. Wave 4 is currently in progress. The MACD is a bit oversold and could get a bit more but its most likely placed. Timewise, wave 4 could complete through the weekend.
The likel pattern for wave 4 correction is an ABCDE symmetrical triangle. Given how oversold the MACD is, a turn up would allow wave D to complete. Recall that wave D breakouts are also likely and should not be surprising, should it occur. MACD and price swing upwards should be well coordinated.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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
@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!!
--
--
good analysis!! :D
No one bytom off more than you can chew!
feliz viernes éxito
Hi LOVE YOUR POST MAN!!! LIKE MY POST TOO!!!!! HERE IS THE LINK: https://steemit.com/bots/@abusereports/last-minute-upvote-list-2018-05-02
i am reading this post fully. this is many informed me. i'm waiting for your next post. thank you so much.
hello @haejin you are an urban legend inside steemit, your post is very well thanks for the data and I really liked your image of footer I want one so that it looks cool
Useful and informative content. Thanks for sharing.
I hope you are correct on this haejin. Do you see the recent release of the Antminer B3 having any significant impact (whether positive or negative) on the value of Bytom? Seems that the market has reacted somewhat when the first batch got into the hands of miners lat last week.
Thanks!