SUMMARY
NOTE: This is DGB/BTC so yes, Bitcoin is being used as a TAG!!
Lastnight, one of my followers was having a stressful time trying to figure out what Digibyte's (DGB) next price move was going to be. Lots of stress and tension.
I shared the below chart with him last night and that my primary count was that since the e wave was sitting on the bottom of the channel, the likely path will be up. However, that the alternate is that this could be a bear flag. So we needed to watch for any decisive break of the support line but that again, this was an alternate scenario and not the primary.
I am happy to say that the primary price pathway has resulted as shown below. Look at the EXPLOSION!! I'm hoping that the follower is smiling ear to ear today with profits!!
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.**