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SUMMARY
Simple Token (OST) is at the early stage of finishing up the final touches of a launch sequence. The below chart displays what could be a phenomenal opportunity given the Cup and Handle pattern. The Elliott waves show that wave 2 is coincident with the handle formation and this is ideal because it allows price to consolidate prior to experiencing the violent price increases of wave 3 of 3!! The price target is 12,071 Satoshi.
Here is the OST/ETH pair and I almost can't see any difference to the OST/BTC pair. The Cup & Handle is a bit more advanced with the handle already formed and price having broken out. Even compared to the OST/ETH pair, the OST/BTC pair lags! The /BTC pair has always been lagging the /USD pair. Once wave 2 completes, we can expect 0.00160 ETH to be targeted and likely exceeded!!
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 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.**
Cup and handles everywhere!
Had missed quite some promising crypto and wouldn't want to miss some more.
Kindly explain how one could purchase some tokens. Obviously, Cryptocurrency will be more pronounced and would make more millionaires in 2018 than it ever did in 2017.
Who could have easily predicted the feat Steem has reached today.
Time to Double .. No Triple... No Quadruple your Crypto Earnings.
Sign up today!
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Not me. I was talking to my sister two nights ago about why our account values seemed to not be following the steem value in the market. I think they were listening to our conversation. Since then my account has more than doubled and I'm now up 21x on my original investment in SP. And to think we are still only at the beginning of what it could be!!!
it really is amazing!
Yes it is. I watched an excellent video from a post today that interviewed the father of Dan Larimer (the guy who created the Graphene software that he then used to create steemit.com, bitshares.org, EOS and Peerplays). It was an awesome video and I learned things I didn't know about these platforms. Check out this post: https://steemit.com/beyondbitcoin/@terrybrock/stan-larimer-on-the-state-of-cryptos-today
Hi friend how are You
@haejin Hey there! Curious about your trading style for cryptos, are you primarily a swing trader? Thanks for the alerts, good stuff.
i would say so.
Its either: magic, an elaborate pump and dump offering rides to gamblers, or TA with this thing called Elliott wave theory.
at the moment, I pretend to count waves with my little list of rules, but I have no idea. Honestly, any alt seems good right now, for now.
This 'thing' called Elliot Wave theory is a real method of TA. Elliot described it last century to make the Dow theory evolve (too 'simple' to describe the complexity the market) . It's also really appreciated by other TA, read 'TA of stock trends', they have the same kind of approch than the EW and they says it in the beginning of the book. Combining two or 3 kinds of TA is just really powerful.
More a hedger I would say, some targets are met in e few days(rare), other weeks(common), other months(common). But his TA can also be applied on shorter term, but you always need to knows where you are from the beginning of the chart to make it properly, then you can try to catch up and downs.
Missed this token. Is it good if we purchase it now? Is there any chance to get double prize in the future?
simple token (ost) well said about it i appreciated your work nice work sir keep it and thanks for sharing
Upvoted! Seems interesting. Thanks for the read!
Thanks Haejin!
Great, thanks!
TRX is flying! Take profits or hold?
set stop loss of 5% , if price moves up again set new stop loss of 5% . Keep repeating it till your stop loss is reached .
Not a good strategy . It could dip just below his stop loss and then skyrocket before he can buy again . You never know how things will swing.
what if it dip 50% in a minute lol ? ppl on trx all already are at profit over 100% .
@crypt0maniac, I sold 75% and set the rest on stop loss. I laddered in buy orders down to 0.00001100.
I am done. Going to bed and hopefully wake up with more TRX. =)
Thanks for that! My TRX has not arrived in binance for more than an hour now!
Upvoted!
OST is a great project !!!! was going to buy it earlier , seems now is the right time !
Excuse the question, is that coin in bitrex? and what was his name?
Got it on Binance
Always a good analysis and good advices thank you @haejin and good luck for the next.
Take care
P&U
Hey! Could we get some TA on HYP/BTC if possible!
Love your work! I signed up to steem just to follow you!!
Thanks for this , got in a few days ago and have been wondering.
Cant wait!
Great, will be laddering in....
Upvoted! Thanks for this analysis @haejin
haejin has found so many good coins that my little investment fund can't keep up. Always enjoy your analysis.
Whoops, small typo, maybe some would have a problem with it ;-) It is ST, not OST.
Coinmarketcap states ST, however the project itself is called Open Simple Token. ;-)
Yes, but not everyone would know that ;-)
Still, thx for clearing it up. I've never followed that token, but for someone who never reads the white papers or follows any developments, just bases his prediction purely on graphs, quite interesting to use OST and not ST ;-)
Sorry, it is only normal :-) Just noticed that on the only exchange where you can trade it, on Binance, it goes as OST.
Wonder post! Your crypto analysis is classical and very educating, pls. Keep it up. I upvote your post.
Nice analysis @haejin.
Cannot find OST on coinmarketcap.com. Where can I buy this coin??
Symbol is ST and you can buy on binance.
Guys it ST on coinmarketcap, not OST
Thanks for these posts. I just started following you and looking forward to learning from your experience and insights. I've only been trading for a month but I'm hooked!
Haejin, I love you
INTERESTING .
KEEP POSTING AND PLEASE TAKE MY VOTE
THANK YOU
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Thank you.
Thanks again Haejin. Could you please take a look at Deep Brain Coin (DBC)?
Great job Haejin! Have been eager for you to do a TA on Simple Token (OST)! Good job!
Good evening steemian I would like to wish you good luck to my friends and do not forget the voting got me
Thanks for a very informative post!!
posts that can be very outdoors, teach us that we can post the right, greeting steemit
follow me plz
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follow me plz
https://steemit.com/@omarid
follow me plz
https://steemit.com/@omarid
haejin!! Thank you, your Post.
solid coin. i bought some yesterday. i must be psychic!
Spot on again. One of the few coins that gained despite the South Korea FUD.
Thank you :)
Check this out is free money
https://steemit.com/bitcoin/@s3cr3t/free-bitcoin-up-to-200usd-every-hour
Great find and I am definitely investing! Thanks :)