ChainLink / BitcoinDiupdate LINK - Elliott wave analysis from 4/8/19 - Learner's module
This post is for those who wish to improve their Elliott wave analysis. Interested traders can comment their wave counts. Wave counts will be updated based on the discussion in the comments. Right or wrong, feel free to comment your wave counts. This post is only meant to learn. My wave counts can be right or wrong, as I am also a learner.
Related ideas(links shared at the bottom of this post) :
- As alts rally mostly when the BTC is stable or sliding down, I posted another article similar to this to track BTC's movements.
- This idea is also a continuation to my previous idea on LINK.
Here are some resources for learning Elliott wave theory :
Books :
Five waves to financial freedom by Ramki N. Ramakrishnan(I am currently reading this. I suggest you to read it as it is clear and to the point)
Elliott wave principle by A.J.Frost and Robert Prechter
Mastering Elliott wave Principle by Constance Brown
Online :
elliottwave-forecast.com/elliott-wave-theory/
school.stockcharts.com/doku.php?id=market_analysis:introduction_to_elliott_wave_theory
school.stockcharts.com/doku.php?id=market_analysis:identifying_elliott_wave_patterns
school.stockcharts.com/doku.php?id=market_analysis:guidelines_for_applying_elliott_wave_theory
bullwaves.org/complete-guide-elliott-wave-correction-patterns/
thebalance.com/elliott-wave-tricks-to-improve-trading-4153295
Related ideas(links shared at the bottom of this post) :
- As alts rally mostly when the BTC is stable or sliding down, I posted another article similar to this to track BTC's movements.
- This idea is also a continuation to my previous idea on LINK.
Here are some resources for learning Elliott wave theory :
Books :
Five waves to financial freedom by Ramki N. Ramakrishnan(I am currently reading this. I suggest you to read it as it is clear and to the point)
Elliott wave principle by A.J.Frost and Robert Prechter
Mastering Elliott wave Principle by Constance Brown
Online :
elliottwave-forecast.com/elliott-wave-theory/
school.stockcharts.com/doku.php?id=market_analysis:introduction_to_elliott_wave_theory
school.stockcharts.com/doku.php?id=market_analysis:identifying_elliott_wave_patterns
school.stockcharts.com/doku.php?id=market_analysis:guidelines_for_applying_elliott_wave_theory
bullwaves.org/complete-guide-elliott-wave-correction-patterns/
thebalance.com/elliott-wave-tricks-to-improve-trading-4153295
Catatan
Catatan
If BTC keeps going higher, LINK will keep going down - Catatan
Wave 2 finished, wave 3 started. Also BTC has started its correction. I have updated BTC chart in the post I shared in the related ideas. Catatan
BTC has found strong support at 11650, Tight consolidation below 12000 usd. It is about to break. LINK will bleed much longer. Need to re analyse LINK chart after sometime.Catatan
Financial Advice - BTC will see a new ATH in less than a month. Sell all your alt positions and hold BTC until then. As soon as BTC retraces from new ATH Alt season starts. We have to be quick in taking positions for alts. I have done enough analysis on this already - charts.cointrader.pro/snapshot/wq5qj, charts.cointrader.pro/snapshot/C3tRzCatatan
Take a look at REN market. It has its own path.Catatan
Oops Link is about to break out
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