SUMMARY
When is the best time to buy? It's at the terminal end of an a,b,c correction. Why? Because, once the correction completes, price will resume the original trend...UP! FirstBlood (1st) is about at the exact bottom of an a,b,c correction. So, it fits the profile of ideal buy candidate. The chart below shows a Cup & Handle pattern that is just about to start its rise. It therefore represents a ground floor opportunity and that's exciting! I've listed three targets but the wave target is where the maximum profit can be had. This would be at the 270.420 Satoshi level.
The 1st/ETH pair unsurprisingly displays almost identical pattern to 1st/BTC pair! This means that the sentiment segment of both pairs are quite similar. This doesn't mean that later they could diverge, and that certainly does happen. Why? Sentiment changes. The only constant about sentiment is that it changes...but then that itself is a Universal Constant! I've placed three targets for this pair as well and the maximum profit zone is 0.01729 ETH.
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!!
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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
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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.**