ArtByte (ABY) Analysis: A Deep Correction Usually Goes to 0.86 Fibonacci Zone by haejin

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· @haejin ·
ArtByte (ABY) Analysis: A Deep Correction Usually Goes to 0.86 Fibonacci Zone
<center>![](https://steemitimages.com/DQmQK4McrgQrRtfJ1EqYHY2SKK4h43qbTeQrQY1uNdf5HrY/image.png)</center>
--

**SUMMARY**

Back on February 8th, the below chart of ArtByte (ABY/BTC) was posted with a projection that price is likely to put in a lower low. The chart analysis showed that a higher degree of trend had completed an abc (blue) correction followed by a clear and crisp five wave upward impulse. Elliott Waves states that a retracement always follows an impulse to complete the motive.
![](https://steemitimages.com/DQmR9WwnChGmDbBbSv3tJoK9QaKThXdiQP3deLEsSXqDaSJ/image.png)

Closeup charting shows that a zigag (5,3,5) is more probable than the labels in the previous update. However, the destination still calls for a lower low to be likely. For the C wave, if subwaves 1,2,3,4 are complete, then wave 5 still remains. That level would be equivalant to a Fibonacci zone of 0.86. Now, just because you can label an abc zigzag doesn't mean that there is a guarantee of a trend reversal and that the bottom is assured. That's not how Technical Analysis works. If you judge the performance of Technical Analysis only in comparison to perfect, that's an unfair setup. Most non-believers likely had painful experiences of loss while trying TA and became judgemental against it...most unfortunate.  This is why I also say that a good trader only becomes better by first forgiving himself for his mistakes, learning the lessons and trying again.
![](https://steemitimages.com/DQmSBC1qV9DD1Y6P7qMsJvdjYBiiQYy15Dz62aUU1CmSTFm/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



<center>https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif</center>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 184 others
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@rafagonzalez ·
o
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@thabiggdogg ·
shit
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@ingus4321 ·
great post :) for relax invite to LIVE concert in CANADA :) have a nice day :)

https://www.youtube.com/watch?v=39A6EO7oPWo
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@public-eye ·
$0.38
# Your friends: done, bcc and btu COMPLETELY Flagged and NUKED an offer of PEACE by a minnow today!!!!!

# https://steemit.com/haejin/@em3/haejin-can-end-this-and-still-be-rich

# Can you please go to the Post, upvote it and at least give a response: "no, thank you" or whatever!

Show Steemit that you are not for CENSORING... Do the right thing.  
# UNDO the CENSORING that the accounts DONE, BCC and BTU did!   A few of your supporters say you HATE censoring.  Prove them right.

$20-$25 was deleted from the Post.  A 50% upvote will make this right.
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vote details (4)
@em3 ·
$0.22
Thank you @public-eye

@haejin a response or 100% ignore would have been fine.  The post did not attack you or speak badly of you. 

I would very much appreciate you asking your friends to not flag a peaceful post.  

Same as my post said.... Steemit needs peace.  Can you please help to bring peace???

Thank you!!
👍  , , , ,
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@thabiggdogg ·
Thanks for helping @Dan
![U5drNFi2i7iyctbrccG7Xt4BgEUGNKt_1680x8400.png](https://steemitimages.com/DQmVsfj7GFsymQcfBzaitQTHDRq1SAK3YVK9DrtbbLcqKUE/U5drNFi2i7iyctbrccG7Xt4BgEUGNKt_1680x8400.png)
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@thinline ·
$0.09
Follow me guys and I will Follow back!!!!!
![giphy (14).gif](https://steemitimages.com/DQmduACUeJCQzmQQxakjkDZLtDYMfh9j2X2385fML7KGcP4/giphy%20(14).gif)
👍  ,
👎  
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@therealtron ·
![image](https://img.esteem.ws/zzazogb73e.jpg)
👍  ,
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@haejinandjuice ·
Another one bytes the dust!
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@minnowboosted ·
### Check with your doctor immediately if any of the following side effects occur while taking VIAGRA:

## Less Common:
bladder pain
burning feeling in the chest or stomach
burning, crawling, itching, numbness, prickling, "pins and needles", or tingling feelings
cloudy or bloody urine
dizziness
increased frequency of urination
indigestion
pain on urination
stomach upset
tenderness in the stomach area

## Rare: 
abnormal vision
anxiety
behavior change similar to drunkenness
bleeding of the eye
blurred vision
bone pain
breast enlargement
chest pain
chills
cold sweats
confusion
convulsions (seizures)
cool and pale skin
deafness or hearing loss
decrease in amount of urine or the frequency of urination
decreased vision
difficulty in concentrating
dizziness or lightheadedness, especially when getting up suddenly from a lying or sitting position
double vision
drowsiness
dry eyes
dry mouth
dryness, redness, scaling, or peeling of the skin
excessive hunger
eye pain
fainting or faintness
fast, irregular, or pounding heartbeat
feeling of something in the eye
fever or chills
headache (severe or continuing)
increase in the size of the pupil
increased sweating
increased thirst
lower back or side pain
migraine headache
nausea (severe or continuing)
nervousness
nightmares
numbness of the hands
painful, swollen joints
prolonged, painful erection of penis
redness, burning, or swelling of the eyes
redness, itching, or tearing of the eyes
restless sleep
seeing shades of colors differently than before
sensitivity to light
shakiness
skin lesions with swelling
skin paleness
skin rash, hives, or itching
skin ulcers
slurred speech
sore throat
sudden weakness
swelling of the face, hands, feet, or lower legs
trouble breathing
twitching of the muscles
unusual feeling of burning or stinging of the skin
unusual tiredness or weakness
vision changes
vision loss, temporary
Incidence not known 
Blindness

Some side effects of viagra may occur that usually do not need medical attention. These side effects may go away during treatment as your body adjusts to the medicine. Also, your health care professional may be able to tell you about ways to prevent or reduce some of these side effects. Check with your health care professional if any of the following side effects continue or are bothersome or if you have any questions about them:

## More Common: 
aches or pains in the muscles
bloody nose
diarrhea
difficult or labored breathing
flushing
headache
pain or tenderness around the eyes and cheekbones
redness of the skin
sneezing
stomach discomfort following meals
stuffy or runny nose
trouble sleeping
unusually warm skin

## Rare:
Abdominal or stomach pain
abnormal dreams
anxiety
clumsiness or unsteadiness
cough
diarrhea or stomach cramps (severe or continuing)
difficulty in swallowing
ear pain
increased amount of saliva
increased skin sensitivity
lack of coordination
loss of bladder control
mental depression
nausea
numbness or tingling of the hands, legs, or feet
rectal bleeding
redness or irritation of the tongue
redness, soreness, swelling, or bleeding of the gums
ringing or buzzing in the ears
sensation of motion, usually whirling, either of one's self or of one's surroundings
sexual problems in men (continuing), including failure to experience a sexual orgasm
sleepiness
sores in the mouth and on the lips
tense muscles
trembling and shaking
vomiting
waking to urinate at night
worsening of asthma
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@statsmonkey ·
comment
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 190.15 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".
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@lucky007 ·
well it dosent work.... so much hard work done to analyse but suddenly it jumps otherways ...its 80 percent setimental game
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@coin.info ·
**Coins mentioned in post:**

Coin | | Price (USD) | 📉 24h | 📉 7d
- | - | - | - | -
**BTC** | Bitcoin | 9081.580$ | _-7.82%_ | _-18.17%_
**EOS** | EOS | 5.723$ | _-6.49%_ | _-25.64%_
**QAU** | Quantum | 0.157$ | _-10.27%_ | _-20.53%_
**WAVES** | Waves | 5.491$ | _-7.36%_ | _-14.1%_
properties (22)
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permlinkre-haejin-artbyte-aby-analysis-a-deep-correction-usually-goes-to-0-86-fibonacci-zone-20180313t124101258z
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