SUMMARY
I like Reggie Middleton. He wrote very well during the '08 financial crisis and really exposed the mortage shenanigans of the banks.
Veritaseum (VER) price is telling the truth with patterns and Elliott Waves. I've drawn out the outline of a rounding bottom pattern and once the handle formation takes please, very bullish levels can be reached....like ALL Time NEW HIGHS!! Since the handle formation will likely coincide with blue wave 4, the handle isn't expected to retrace too deep. Now, if the handle pattern coincided with a wave 2; then the retrace could be deeper; however, that's not the case with VERI. Target is $419!
Here is the VERI/BTC pair and as expected, lagging the VERI/USD counterpart. Price busted out of the bullish downward pointing symmetrical triangle and the trend reversing impulse waves have already started. Wave 1 and 2 are complete so that leaves wave 3. Target is 0.0459 BTC or higher!
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!!
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
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.**