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Monetha (MTH) Analysis Shows That Correction is Nearly Complete, If Not Already by haejin

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· @haejin ·
$100.37
Monetha (MTH) Analysis Shows That Correction is Nearly Complete, If Not Already
<center>![](https://steemitimages.com/DQmVRmBpJR6tJhqrfmyGhDrVMnzfTBGR1u52FSa6pgwe6AQ/image.png)</center>
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**SUMMARY**

When a Technical Analyst sees a chart like the one below of Monetha (MTH/BTC); excitement arises. Why? Pattern and Count are displaying that MTH is nearing the terminal end of a correction and that is usually the best time to buy. My buy entries are made using laddered rungs where local suppport & resistance areas are used to identify a scaled entry program. The below chart shows an impulse five wave round completed and the red ABC is likely also complete given that the subwaves for C show 1,2,3,4,5. Price is also quite proximal to the Apex; making it very ripe and near to a breakout.
![](https://steemitimages.com/DQmP87LGRU1PKfuA4HwpcbL1SsRDMQzH6ELA8p592jAoePV/image.png)

The projected breakout could look like the below chart where the blue waves show a target towards 2,979 Satoshi. Now, is this guaranteed? In a word, no. Such guarantees don't exist and profitable trading is based on calculated risk to reward assessments. As an analysts, the below represents an ideal ladder entry zone.
![](https://steemitimages.com/DQmcYLijNwPis1JcqwLkFhj77pTLmDdPeapb9n6droATpzR/image.png)

The overarching pattern is likely a Cup & Handle as shown. The handle is retraced nearly 0.618 Fib level and is so close to the apex, it's almost unstable.
![](https://steemitimages.com/DQmR9xAByNAno7p5AiWAscrKT1h5L2papE21xnqRNWedHVD/image.png)



**Legal Disclaimer**: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

Follow me on [Twitter](https://twitter.com/Haejin_Crypto) for Real Time Alerts!!
Follow me on [StockTwits](https://stocktwits.com/HaejinCrypto) for UpDates!!
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<center>https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif



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πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 221 others
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@aditeknisi ·
Vote me
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@aditeknisi ·
Vote me
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@minnowboosted ·
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@andriustovis ·
Wait until it breaks the low (purple line)!
![](https://steemitimages.com/DQmUNJtMWxWBRC2GR6xwbarKtS2mt2zaKTqR2QMwNv6ysVj/image.png)
If you want to see correct view in the chart MUST use USD ($), not BTC or any other crypto!
πŸ‘  
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@bonbons ·
I do not really understand your analysis, but you should end a great analysis with a little hint ..
πŸ‘  
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@andriustovis ·
$0.03
When somebody is posting because of posting it happens like that:)
πŸ‘  
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@bonbons ·
Thanks for sbd..
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@bonusdeposit ·
haejin very" simply chartist
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@fabian-s-o-l ·
Thanks
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@fatemah ·
***your post is a great dear, deserve you to get a good ranking too, I think in a long time to make a single post, but this is my post, I follow you, may you be a lesson for me.***
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@fernandorivera ·
Thanks for the info @haejin
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@haejinsucks ·
$0.06
![flagme.jpg](https://steemitimages.com/DQmTe8trnCWXyuy1JyAmEZe9vihu5rUyhFCfE7cXMqbX2gk/flagme.jpg)

![](https://media.discordapp.net/attachments/419655078324994048/419655834436370432/DQmdtNadDwRdvcESSC2kj36MTuH8qUXDVNmRtfquuKg2anY.png?width=300&height=300)

![](https://media.discordapp.net/attachments/419655078324994048/419655507461144576/unknown.png?width=400&height=225)


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I am the true cryptogod!

My TA will bring you all riches. Fuck this imposter, I am the true leader.

Haejin sucks, so follow haejinsucks!

Everyone go look at my firecoin projections <a href="https://steemit.com/fire/@haejinsucks/firecoin-fire-from-usd1-76-to-usd2-27">here</a>

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<hr>

>Your mother was a hamster, and your father smelled of ELDEEEERRRRRR BERRRRIEEEEEEESSSSSSS!!!!!
πŸ‘  , , ,
πŸ‘Ž  ,
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vote details (6)
@honorablecrypto ·
I have never really been a big fan of technical analysis, as I'm more on the HODL side of things.

However, your post opens an interesting part of technical analysis though! I had never seen the Cup & Handle before!
πŸ‘  
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vote details (1)
@investingtips · (edited)
$0.08
https://steemitimages.com/0x0/https://g.decentmemes.com/grandma-finds-the-internet/my%20fucking%20eyes%20hurt/these%20haejin%20ta%20charts%20make%20no%20fucking%20cents.jpg

(Original poster @thabiggdogg)

Come on guys! Share your favourite Haejin memes! (or truths as they should be called) :)

Edit: @Haejin sent me one of his yet to be released charts, I feel so privileged right now take a look guys!

https://i.imgur.com/gSXYEbN.png
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vote details (8)
@born2crypto ·
HAHA that's pretty funny
properties (22)
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@yourinfo ·
$0.06
I swear
πŸ‘  
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vote details (1)
@haejinsucks ·
It is rare that I look at a comment above mine on a haejin post and don't reply with my spam comment...

You don't get spam, you get my worthless upvote instead :P
πŸ‘  ,
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vote details (2)
@minnowboosted ·
https://freephotoupload.com/images/2018/03/07/HaejinTrix.png
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@lyndsaybowes ·
<center>Well...it's a tough choice because I have so many favourites...but this one @hendrix22 created last night takes the cake. [Haejin, RanchoRelaxo is sending you his thanks!](https://steemit.com/haejin/@hendrix22/haejin-rancho-is-sending-you-his-thanks)</center>

<center>https://steemitimages.com/DQmZoT7eRAAs29L5NN73wBrmKtH8xrA6GJegpPTFwitkpuL/image.png</center>
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vote details (1)
@yourinfo ·
$0.07
That meme is funny...lol
πŸ‘  
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@judicar ·
Oh I think I'll check out this project and read about it a bit. Maybe it's worth to invest some satoshis :)
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@khriyad ·
I really like your post ... GOOD JOB,,
 I am upvoting you !!! thank you for sharing
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vote details (17)
@mattjack ·
Sorry i know this isnt quite on the topic but i think its important for people to see steem platform censorship proposal by witness Bernie Sanders
https://steemit.com/steem/@mattjack/censorship-on-steem-platform-proposed-by-witness-bernie-sanders
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vote details (4)
@noah40 ·
Dear Haejin , I know that the error of recognition is always forgiven, but not so that you can sell your face anonymously at the price of altruism. The way you try to update patches continuously for hours is to pay a lot of attention to the many people in the community. I have been wrong and feel ashamed of it. And now I understand why you hide your face.
If you are trying to contribute for community purposes, just stop.
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@sakhisamid ·
https://steemit.com/bitcoin/@sakhisamid/paypal-files-patent-for-system-to-speed-up-cryptocurrency-transaction-times![tttttttt.jpg](https://steemitimages.com/DQmUNpdGesGnJgm17p3yHdUHtGY43op99bWCZuovCUhKyQC/tttttttt.jpg)
πŸ‘  
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vote details (2)
@steemcog ·
<center><H2>@berniesanders pay me to post open buttocks on @haejin:-My apology to steemit</H2></center>
<br>I join Steemit November 2017 with main account (i am hiding name). But upto February i  struggle to rewarded with dollar. My reputation remain stagnant with 30 and 31. 
<br>One day somebody tell me that if somebody with high steempower vote you, your reputation can grow big and you earn many dollars. 
<br>So I send @berniesanders a message in his wallet asking him to help me also and vote me so that my reputation also increases and I get dollars.
<center>https://steemitimages.com/DQmfG5JRkbpeb3cwZLxqJqDGGDbWhwgHXCFgRRLipp2369m/image.png</center>
<br>However he did not upvote me. So I look for him in discord, and managed to chat with him in February middle there. I made the same request to him, and also tell him that me I am talented to make good memes and videos. I even send him sample meme. 
<br>He like the meme and told me I am very talented and he will support me.
<br>But he told me that his steempower was decline and he cannot upvote me. However he told me that he has a friend called randowhale who has many steempower and he will talk with him to vote me if I do for him something.
<br>I said what is that? And he said that there is an evil man on steemit called @haejin who is fighting.
<br>He told me, that if I help him, he will make randowhale to vote me and my reputation will increase, and I will get many SBD. He also tell me that he will send me SBD through someone.
<br>I agree. So he tell me that I do this.
1.	That I create another second account for fighting @haejin
2.	I use second account for posting naked people on post of @haejin. He tell me that he will be send me the pictures via @hendrix22 and @lyndsaybowes.
3.	He therefore tell me to make memes that abuse @haejin, and abuse where he come from, is it South Korea. He tell told me that @lyndsaybowes will sketch and put sample image at comments of my posts which I improve.
4.	If me I do that, he promise me his friend randowhale will vote me
5.	So I sign up another account in around 20th February. But steemit delay to approve until march when it approve.
6.	So I tell @berniesanders that steemit approve my second account, and he tell me he will write something and give me to post as introduction and wait. 
7.	So he send me his writing about connecting quality content creators and curators, using @hendrix22  in discord, and me I copy and post as introducemyself. Link is here. https://steemit.com/introduceyourself/@steemcog/good-news-initiative-to-scout-quality-content-and-recommend-to-curators-is-here
8.	<br>After me post my first post, he again send me another post about coward whales and again I post. @hendrix22 give me in disocord. Link is here: https://steemit.com/steemit/@steemcog/to-stop-haejin-join-the-mud-war-minnows-to-hell-with-cowardly-whales. 
@hendrix22 and his friends even support and upvote. You see here below.
<center>https://steemitimages.com/DQmchWzQaXLM9A8Cz15EezWeDDENtoAzBdq3MnD1gzaU1ED/image.png</center>
<center>https://steemitimages.com/DQmWMV89Q5ACNZ2nHA2ekBtVHy16iZ6BmLnMnuSFbet3ws1/image.png</center>
<br>9.	After that @berniesanders send me using @lyndsaybowes picture of black boy with open buttocks. He said I post on Comment of @haejin everyday for one week and then he give me another. he also say me work with @baejin. Here is photo of naked buttock he send.
<center> https://steemitimages.com/0x0/https://steemitimages.com/DQmXMwua7jxyQdnb53KnctN7kYTqmGYVRDQ35aTdYyq984P/image.png</center>
10.	Yesterday again @yndsaybowes  post sketch of meme for me to improve on my comment. You see it here.
<center>https://steemitimages.com/DQmdjxSfuHe36QB6vLyMfJM3Zzmxg2ZDBYjWATCwqGWcbr9/image.png</center>
<br> And she even upvote all my posts promoting and encouraging me to post open buttock on @haejin.
<center>https://steemitimages.com/DQmbnuc4KvahrqTEhb5vh196VPaxvNrc4jDbzuY62czrCph/image.png</center>
<br>That is how me meet @berniesanders and he make me to do that, and work with his friend mainly @lyndsaybowes and @hendrix22. His friend @randowhale upvote my post in main account and grow my reputation to 47 now. 
<br>However I have reading about @haejin and all things but me I find nothing wrong with him. I dont hate @haejin and only want to grow on steemit, but @berniessanders convince me to post naked people on @haejin.
<br>He also tell me that he has program for destroying @haejin and that he go step by step and that someone know @haejin face in Korea and will tell police of tax.
<br>Me I don’t hate @haejin and don’t want to fight. But @berniesanders manipulate. Now because me I have report him, his friend @randowhale will downvote my main account which he know. 
<br>@berniesanders I am beg you to leave me alone. Me I am from Juba and I want to make money for school fees. Don’t flag my main account.
<br>After this message me I will keep quiet but if you flag my main account, me I swear I will post this naked pictures on your posts and @hendrix22 and @lyndsaybowes and all your friends, but if you leave my main account alone, I will do nothing.
<br>I can even send you master password for this account and you use if you want, but you leave my main account alone, please I beg you. Thank you.
<br>I write this post to apologise to @haejin to forgive me. I am sorry @haejin for post naked buttocks on your post. Forgive me. I will not do again. I know you are not bad person. @berniesanders and @hendrix22 and @lyndsaybowes decieve me. You can see my posts they support all time and upvote. 
<br>Also steemit I am sorry. Forgive me for posting obscene picture on good platform. I promise to give password of account to @berniesanders and not use account again. 
<br>Thankyou, and forgive me @haejin and steemit.
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vote details (19)
@berniesanders ·
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vote details (19)
@chriselyngascon ·
Hahaha
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@stilltnc ·
It seems a good support and good level to add position!!
πŸ‘  
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vote details (1)
@andriustovis ·
Don't hurry, read my other comment first
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@vindy ·
pole polle polere elku rega coin ela
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@ychaudrys ·
It is really interesting how some of these news sites seem to put out almost all bad crypto news or all good crypto news during certain periods.  We're not usually conspiracy theorists over here, but it is odd that there is some correlation and potential manipulation of the markets.  People read it and seem to have a doom and gloom mentality.

If we see things about regulations, we are not really worried because some of it is actually good.  Yes, it is a bit scary to think about because governments can over-regulate.  However, there is no talk of banning cryptocurrencies or making them go away.  There is only talk of "protecting" investors.  Is that really what regulators want to do?  Probably not, but it is ok because those of us that are patient through these dips and new rules, have a very high probability of doing well when it all shakes out.  Some big institutional money, which would drive the values of the good cryptos up, can't take the risk of getting into an unregulated market because their banks, hedge funds, etc, are heavily regulated.  So, the fact that they want to regulate, but not destroy, actually validates the premise that the crypto market is here to stay.

There was someone that commented on an article the other day that said that he bought at the top and sold low and lost $500, so, cryptos were going to fail.  Some early holders of Bitcoin are down 7 and 8 figures and are still bullish on the market as a whole.  This is all part of any emerging market.  Just only put in what you can afford to lose and hold and be patient...then, there is no need to sell too low.

I have stayed focused on what my research, network of information, and other insights tells us are the best, most likely to succeed cryptos.  If the scammy ones go away from regulation, that is a great thing.  It means more money into the good ones.

So, on that note, in case you missed them, here are some under-priced cryptos that we think have good teams, fundamentals, are highly oversold, and have potential to go up over the longer haul.
Cardano (ADA)
Lisk (LSK)
Locicoin (LOCI)
Polymath (POLY)
EOS (EOS)
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@youcool ·
Very nice post...Support you!
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