OAX Coin (OAX/BTC) Could be a Ground Floor Opportunity!!

7 days ago
73 in bitcoin

SUMMARY

It's during these corrections when it's most ideal to scrape the bottoms for the groundfloor opportunities. OAX/BTC fits the profile quite well. The symmetrical triangle a,b,c,d,e is either complete or is about to at any moment. The oversold nature of the MACD and the fact that the leading blue line is curling upwards shows a turn coming. Remember, Technical Analysis is not a game of certainty but probablity and so is driven by likelihoods. Given the confluence of triangle consolidation pattern being nearly complete and MACD at an oversold stage, it's quite attractive!

Here is the future price pathway projection. The target is 48,444 Satoshi for the top of wave 5. Please ignore the timeline as I don't project time because it is not a reflection of sentiment; highly unlike price.

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?

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Legal Disclaimer: 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.

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Sort Order:  trending
55
  ·  7 days ago

Lookin good! Altcoins will continue to kill it this season.

Another gem:

Bitshares has a great outlook with a 3.2x move coming over the next two weeks.

You can see the projection for this parabolic and highly profitable move right here on Steemit.com

Keep up the great work @haejin.

-The Beached Whale-
Editor in Chief - The Anderson Report
Screenshot_2018_01_11_at_10_36_59_AM

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38
  ·  7 days ago

Triangles, Fractals flags are failing. What i have noticed and mentioned a week back was that BTS has almost completed the final shoulder pathway of a dead cat bounce and the next level may be 45c heading lower? hold significant amount of BTS so hope haejin's analysis proves me wrong. HODL

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55
  ·  6 days ago

Few would call the price action thats occuring on BTS a head and shoulders.

Its a stretch imo because the neckline should not be angled.

Either way, a close below 3800 sats would signal a divergence and invalidate my projection - typically a good place to cut losers early.

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38
  ·  6 days ago

parameters of the neckline are fine, BTS has fallen significantly since yesterday. We are close to sub 50 from 64, well below haejin's 57c. There is strong resistance at 45c, that's where I'll be adding

I've been playing the stock market for 25 years but only the cryptos for 1 and following haejin for the past 2 months. I have made decent profits, initially with XRP and LTC, I took my 700% profit from LTC and poured it into BTS @20c and have built it since then substantially because i believe that bitshares has tremendous potential.

My theory is that the banking powers will attempt to disrupt BTS and create FUD. If BTS falls below 45c I'll be buying more, a hell of a lot more. Good luck

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38
  ·  5 days ago


I agree with kone, between 50 and 42 sic my 45c placement. Target by end of year is $11.53

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55
  ·  5 days ago

BTS is going to go 20x in the bear market 2nd half of 2018? Sign me up for more.

52
  ·  7 days ago

Very Nice! Thanks for the recommendation!

53
  ·  7 days ago

NEO is right at cusp of your $144 target...any update would be appreciated...need to know if should take some cream off the top to have my 10-15% cash reserve...

52
  ·  7 days ago

that was one of an overextended wave 5

14
  ·  7 days ago

Good Analysis.
I want to disclose to all the noobs here.
Technical Analysis will take time to reach to the target level so these trades are only for those who #HODL

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28
  ·  7 days ago

Yes, just be patient, patient, patient.

25
  ·  7 days ago

I don't think that this is going to happen now, since we may be in an ending diagonal of the 5th wave of the first impulse, leading to a correction of the entire first wave. The money flow index is quite too high to expect such high upward move for now and shows a possible bearish divergence.

chart

25
  ·  7 days ago

@Haejin, that sky high increase you saw was caused by a pump and dump group that's been going viral across the net, so take that triangle you've formed using the data from the data and recreate it :)

I hope I've helped someone with this info!

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19
  ·  7 days ago

nice catch. this is why i always research first. a spike like that always draws suspicion from me. Despite what the TA says, research on the whitepaper, the team, recent news all need to considered. People blindly following just his TA advice are really limiting themselves. His TA is supposed to be another tool in your toolbox, not the only driving factor.
I do like this coin though, already invested in it in december

38
  ·  7 days ago

Upvoting this blog

49
  ·  7 days ago

Thank you sir.. for this important info

37
  ·  6 days ago

Is pandacoin could make x2 to x4 in the week?
https://www.cryptopia.co.nz/Exchange?market=PND_BTC
Is it an opportunity?

35
  ·  7 days ago

Haejin,

I love your posts, they are very informative.

I have a few serious questions (not trolling just looking for answers).

  1. How often do these technical indicators suceed and how often do they fail?
  2. Have you ever done dispassionate analysis of how often right and how often wrong they are?
  3. Which technical indicators have the best success probabilty?

Thx in advance.

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45
  ·  6 days ago

The indicators are only use to supplement your decision making skills.

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35
  ·  5 days ago

Thx. Coming to the same conclusion myself.

25
  ·  7 days ago

Buy this and pump another coin - https://discord.gg/AsWXXaJ

34
  ·  7 days ago

I like your post

25
  ·  7 days ago

Tron is going down so bad.

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25
  ·  7 days ago

its okay, TRX will be fine. HODL is the game.

here is an update for ya ;) https://www.tradingview.com/x/dYHgcoU5/

25
  ·  7 days ago

Have a look at PKB at Bittrex. To me that also looks like a beautiful double cup with handle. What do you think? Look from June until now. Peak in June and Half Oct.

44
  ·  7 days ago

Thanks Haejin!

29
  ·  7 days ago

OAX got pumped on that Spike by a Group so i dont think price prediction is accurate here

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25
  ·  7 days ago

This was my thought also.

25
  ·  7 days ago

Thanks for the analysis, Sir. Can you have a look at Steneum, STN/BTC? Its a new lending platform coin. Thanks in advance.

25
  ·  7 days ago

Haejin, could you PLEASE do a TA on LEND/BTC and or TRX/BTC

Thanks in advance, I wish you MASSIVE profits

40
  ·  7 days ago

Gnosis (GNO) LOOKING REALLY GREAT SINCE OCT ANALYSIS from about $71 TO $381 and now looks like a barrel of wealth...

25
  ·  7 days ago

Thanks for your updates, please could I do an EBOOST analysis? EBST

39
  ·  7 days ago

very important information, thank you for giving

14
  ·  7 days ago

Que buena información

25
  ·  7 days ago

I'm pretty new to this, so please don't take this as investment advice. But I was looking at charts for Stratis and I seem to find indicators for a possible breakout, looks like it's forming a cup and handle. Opinions?

29
  ·  7 days ago

Thanks @haejin for sharing the information.