SUMMARY
The morning BTC update showed the below downward pointing wedge as still in progress and the waves were updated with overlaping 1,2,3,4,5. The subwaves of the blue wave 5 were also labeled as a pathway guide.
BTC has now formed three consecutive symmetrical triangles as shown. The two whites are separated by a yellow triangle. In fractals and waves, alternation is quite common. Just like how waves 2 alternates in complexity or simplicity with wave 4s; the first triangle price breakout was alternated by the yellow. Thus, the current triangle may allow price to bounce upwards.
IF the Alternation occurs, then the whole correction could fit as a WXY sideways type of price action. IF there is a bounce, then the degree of any impulse action would be the first signal to a turn or not. Let's see what happens the rest of the 24 hours.
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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Looking forward to see this makes it move up.
Wow Top 43 coins!
I have 22 of them.
https://steemit.com/cryptocurrencies/@salahuddin2004/top-43-cryptocurrencies-pending-price-target-and-their-due-dates-when-they-will-hit-targets-26-01-2018
After Stealing People Rewards, Haejin has also stolen TA of expert @salahuddin2004 .
)
What @salahuddin2004 mentioned about TRX that it would go 2k satoshi 16 days ago. Haejin copied the same TA and mentioned in his timeline about TRX going 2k Satoshi 15 hours ago . HERE YOU can see.
![cp 2.png]
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But it shouldn't move up, it should move DOWN so we can have the full correction we need (all are waiting for the magic number 8000, psychology makes the market and will not be satisfied without it or less).
After that, if can go up. Without it, it will only go up a little and down again, up and down again...
If that does happen, which I expect, we'll have weeks more of agony and mistrust and o relief, and a prolonged bear market.
I can see how some people are fascinated with prolonged water torture, but I don't want to keep talking about this till May or June
very interesting!
Yeah as much i would like it to go up i think the whole feel of the market wants $8000 Bitcoin to get some value again. At $8000 the volume will return BIG TIME then when the wall street hedge funds see that the market is engaged only then will they pump a bull run.
I agree, a down movement next for Bitcoin seems absolutely inevitable: https://steemit.com/bitcoin/@investingtips/textbook-symmetrical-triangle-on-btcusd
thx haejin
I hope this is helpful! Thanks!
really really thank you~
Thanks for reading my blogs and I truly hope you MASSIVE profits!
Haejin good to see you back on the blog. :)
Careful here! https://steemit.com/btcusd/@stew/careful-btc-still-barely-pun-favors-the-bears-target-usd8000
Can not wait to see where this day ends!
Love your posts Haejin, Here is my take :
crypto ico's and blockchain
volatility is just insane
wallstreets envy millenials pride
blockchain is a must must ride
it questions status quo of all things mumbo jumbo and money
scared governments and finance companies is just so funny
transparency is blockchains voice
just a positive investor and traders vibe
one day crypto-currency will become mainstream
let's keep investing in this real dream !!!
Dear Haejin, thank you for overview.
or could be going down via E-point, if my drawings are correct....
yeeey it seems i was half right.... got the wxy count a little to the right.
thanks for sharing your friends
friend post is very important for me
thank brother @haejin
how to analyze a coin?
what is suitable for us to buy for the long-term?
I don't believe now is the time to buy yet.
Thanks i will buy you beer when i become successful on steemit :D
Lol @kimjongpoo are u a bot why spamming @haejin post
Your post are always awesome
Ok ... wait and see :)
I need to learn more about Bitcoin..Can you assist ?
depends what you want to know. Google it, research it then ask Haejin intelligence questions to the areas that you dont understand. Haejin is a very very busy man. Your question is away to general.
@originalworks
One part of me hopes it zooms up, another wants another nice dip for a buying spree!
Muchas gracias por tu análisis
Thank you Haejin. I had e-mailed you regarding hopeful February Group Coaching.
Still hopeful to be a part of the next one.
Thanks @haejin !!!
I always forget how important is alternation in EW TA, thanks for reminding !!! Also I did'nt know it could also occurs in fractals :-)
BCPT?
A look at the forest is all that is needed, this correction is nothing at all.
So still unsure of movement. Hopefully it will decide shortly. I feel we still have lower lows to get through before we can move to a change in trend!
Would it be last bounce up before reaching lower low?
or would it be the end of correction?
I think same pattern as (X) and (Y) would repeat at the end movement (Y).
My rudimentary assumption is based on your teaching.
Please correct me if I got it wrong.
Hey @haejin, since you are making mor than 20k a month with steemit and dtube, how do you think about sharing some with other people? ever thought about that? where does the money go? i wish i had this money... would change many lifes
get a job and work your ass off you bum
@marvirafael , talking to me?
Post 100 alternations. You will get one right.
nobody sees the future... and at each suppot / resistence all of us make a decision. if the price will go up or down. you can guess the strenght of a line. But you don't really know it until the price tests it.
nobody can tell you that will go up in a correction or when.
36 for the exat
whats your problem dude ?
If it breaches the 12k, this could be a possible scenario.
@haejin
hey haejin, what do u think about this analysis?
Never considered this haejin...great analysis...thank you