SUMMARY
I've consistenly said that awareness is key. A decision maker desires mostly to gain as much awareness of probabilities to make the best informed decision possible. This has been the norm for every trader and investor and it's called augmenting his or her own due diligence.
Earlier I wrote how important it would be for BTC price to start impulsing in five waves after it came back inside the triangle, following the brief piercing of the bottom triangle support line. I also noted that price proximity is still a bit too far from the Apex and so a bottom could be a bit too early to call.
The question is what if price decisively breaches it? The below chart shows the same wedge pattern but more extended. The labels would be updated as a zig zag abc correction. The final five subwaves could extend towards $3,857. The below chart shows an updated count of a simple abc wave count with the subwaves of wave c. This is not my current primary count, but in the event that the lower line is breached; this updated alternate scenario could be helpful. Should this occur, I shall provide frequent updates. There are other alternates but will leave to this for now.
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.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Good Analysis, thank you 👍
What is your primary count?
do not panic
we are breaking out guys. WE broke the top support, i bought at 7400. It'll go higher
It just breached $8000. 🚀
drop to 3,857.... that could be quite an event!
I just can't imagine it dropping that low... Would be a bargain of a price!
해진님~
하락장에도 여론에 흔들리지 마시고
평정심으로 대응하시며 건강챙기세요~ :-)
HIS ANALYSIS IS NO LONGER UP TO DATE. THE LINE WAS BROKEN !!!! FIND IT A FEW HARD THAT IS DISTURBED BY SO ANALYSIS TO THE PEOPLE. MAN SHOULD NOT RELY ON THE ELLIOT WAVE ONLY. WE SEE THE 20 K AGAIN AGAINST MARCH 👍🏻
Hhhh
Bitcoin is ready to rock. This is the best time to invest in the cryptocurrencies. Bitcoin again reached at $8420.00
very well said. I agreed
Bad news
Good news if it happens in a month or so, I will have cash to BTFD !!!
It will be a second chance to change your financial future. Start saving cash now. Ignore what you own. Christmas time will have a life changing gift...
Well, doesn't that go without saying? If the outcome can be guaranteed, we would all take second mortgage and borrow as much money as we can and back up the truck! :)
Well said!
Buy saying this will be a second chance to change your financial future, you could also say, blockchain technology is hear to stay. It will change the world as it is increasingly adopted. If you look back at the BTC January/Feb price curve from 2013, 14, 15, 16, 17 you'll see an incredible similarity between them. Some say its because the Chinese have been the biggest traders of Bitcoin and cryptos and they pull their money out going into their Chinese New Year, then they re-enter the market after their Chinese new year. Beside this, there are some incredible blockchains and businesses being created and developed and the future looks bright.
i dont know , i hope that grow up again so fast , you rock man
you have great talents and papers, will always be successful and desirable, thanks for everything
Bottom is 600 . Take that apex there
ㅉㅉ 노잼
Thank you for the tutorial recommendation, I have been interested in learning more about Elliott waves.
Interesting considerations as always. Thanks.
Thanks
Shoot! Was hoping would bounce more in the $6800 area.
Totally agree that $6000 is not the bottom. not sure if BTC can really hit the $3857. There have been strong support for any price below $6000, unless huge Sells push it down to somewhere near the $4k. It shouldn't last long though.
@haejin, what about Bitshares? Please do an update!
I'm just HODL.... Very new to Crypto's and this platform.. I'v never in my life ever watched so much YouTube, Twitter and now Steemit to learn what I can about this new found thing they call Crypto.. Geeez
Thank you for sharing
선동하지마라. 말바꾸기 천재네.
Do not be instigation. You are flip-flopping.
영어 못하시는듯. primary count랑 alternate count랑 구분 못하시는 거 보니.
차트 분석이 절대적이진 않지만 과거를 통해 앞으로의 행보를 파악하는데 도움이 되는거죠. 어떻게 변할지 모르는게 코인판 아니겠습니까.
현석아..영어못하면 이분 글 읽지도마라.
Please get out of here, you don't even deserve to read his article as i see you don't know how to read English correctly.
좋은 정보를 줘도 함부로 말하면 곤란합니다.
영어이해가 딸려도 이런 댓글은 많이 잘못된거죠.
반말 조심!!!
네 지당하신 말씀입니다
그동안 저는 좋은 정보에 많은 도움을 받았고 해진님 에리엇 파동을 완벽히 해석할수있는 유일한 분이라는 말씀에 전적으로 신뢰합니다
와우 저도 영어로 글 쓸 능력이 있었으면 좋겠습니다!
구글 번역!
This is going to sound optimistic, but I'm counting five impulsive waves, starting yesterday at $6020 and going to today's $7880. I'm looking for a correction before the next set of impulsive (motive) waves. But I do have my stop-limits set, which shows you how much confidence I have as this unfolds. Time will tell.
your prediction are almost right an in my opinion the above will also be come true ...
thanks for keeping us up to date of crypto news as they are now important part of our lives...
Stay blessed mate.... Just a thumbs up for you ...
@haejin Thanks for the update. It's great information as always. Would you mind doing a quick update for ETH? I am very interested to know if it follows a similar pattern. Keep up the fantastic work!
.
Nice status anda
Bitcoin needs to flush $5k. I predict $1800-$2500 as a low. We will end up holding below $10k for so long that it will seem like a dream to ever see $10k again. Then one day after this is over it will start moving up and won't look back. That or $1k becomes the new $10k or it gets wiped out totally, which I personally doubt.
My opinion I view the $5k flush almost as a certainty.
Amazing analysis...
Be patient. The market must be cleared from "panic sellers" and stabilize, cindicator bot predicts a market of 800 billion by the end of February :)
Bitcoin is consolidating at these levels before shooting up to $9,000 in December and $10k in January.
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I think what Haejinis trying to say is anything can happen, all possibilities are possible. It is said that Bitcoin cost $5000 to make so $3800 would be the floor.
Lower would mean they would have to stop making Bitcoin, well the big mines anyway, which might not be a bad thing as it would automaticially become more decentralized again.
All info for entertainment purposes only.
https://steemit.com/bitcoin/@stew/i-think-we-ve-hit-our-low
thanks
Here free coins Sphere 50 for you 50 for referall
https://steemit.com/bitcoin/@rudirock/come-guadagnare-grati-con-sphere
Great Post and very informative!
I was thinking about Steem and how far it will go this coming year.
As a newbie and musician I really am at the beginning of my crypocurrency journey! I'd love to know what your thoughts are?
Here's a blog I wrote last night.
https://steemit.com/money/@mrbloom/will-steem-hit-usd1000
Wow. The 50th revision. The 50th incorrect call for bottom. When will one of your primaries come true lol. Prediction hit rate is abysmal. @erit2018 hey dog, awaiting your blind defence and cock sucking of Haejin. Wonder when you’ll stop sucking your own and Haejin’s cock. Crawl back to your kennel, dog.
Literally none of this is true. Pull your head from your ass and pay attention.
The facts
https://steemit.com/haejinality/@pawsdog/haejinality-vs-reality-nxt-review-79-loss-in-2018
Cherry-picked examples. Notice they are all from a two-week span in January? You guys were just clamoring for him to miss a big swing like this. Now you're going to keep referencing it for the next 6 months. The fact is that the 3 weeks that have passed since these calls are simply not enough time to know whether the targets were accurate or not.
@Haejin To be laddering from the height in december, you must have had a lot of cash on hand, or sold the sh*tcoins. if you do still have some dry powder left, how are you laddering at this time?
Is Bernies Anders gone? :D
I hope so he was a douche.
Due to the rise of btc last year december, i think it is just a matter of time for btc to gain it's ground after this huge fall.
Thanks for all information you are giving us:)
If anyone wants some free tokens via airdrops check my blog youll find plenty!
Nice,i like it
Just do it! Bitcoin to moon :)
@crypto.paulinho
Currently at 8100 at 05:30 EST and buys back up across the depth chart. I will be watching closely as it continues up towards resistance, thanks for the update.
I still have a high hope that it'll pump asap. hahaha Just upvoted you, hope to hear from you
hold
https://steemit.com/cryptocurrency/@tanvirabedin/cryptocurrency-market-capitalizations