SUMMARY
Bitcoin (BTC) has re-taken the upper white trend line! It has done so in an undeniable five wave impulse as shown below. This is signficant in both technical analysis and trend direction. The yellow five waves up has occurred very vigrously...very much like a wave 3 of a smaller degree. Now the key is for price to remain above the trend line and continue impulsing upwards.
Here is how the blue five wave impulse could fit into the bigger picture. IF the red ABC minor correction is complete, then this means blue waves 1 and 2 are complete. Which comes after wave 2? I believe blue wave 3 could be starting with these yellow five.
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.
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BTC seems to be making a bit of a comeback, all the better to cash out more!
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hey thanks for sharing! look forward to more posts like this
IMO if plan to hold for long, then it probably doesnt matter whether it's 9k or 19k now :)
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Thank you!
What you say here is completely untrue
It really isn't. The links are to posts with supporting evidence
Wave 3 fireworks...BOOM!!
I expect a minor correction to ~9k if this 5 waves are the 1. subwave of the 3. Fits well with the TD sequentials at 15 min chart, and 0.618 fib. + Ichimoku pierce
Thats a bull flag forming imo. just a heads up.
It could be, but...
It could also be a bear flag
Now is the time to buy the dip
helply information for all steemit user... you r such a good man... thanks for shareing...
Thank you, appreciate your charts
Any updates on ARK?
This bear market sucks just arbitrage http://arbiswap.com
thanks for sharing with us :) good and informative post @haejin
Thanks for information :)
So happy that it bunched thru the $9500 trend line. Lets hope it stays above that. What do the waves say if we drop back down below the trend line?
We just got to get pass the sellers at $10000 to confirm the new uptrend on the 4 hr chart.
Great TA,
please do ETC, Cardano
Thanks for the update.
You have not even mentioned the A - B - C correction for over a month now. It looks like it's playing out. Very surprised you havent even got it as a possibility.
How would you count the sub-waves in the A though?
Now this could be very good. Looking forward to Wave 3!
Thanks @haejin. On a larger time scale I think this scenario is still in play:
Curious to know your opinion and any one else as well!
I don't understand, 6 hours ago you told something completely different > Bitcoin (BTC) Morning Update: Unless Upper Trend Line is Retaken; $8,200 Still a Target
Market information is fluid. Positions are taken based on the most current available data. 6 hours or a day is almost plenty of time for a immature currency market to be turned upside down. Currently i think we are experiencing a bull flag. This will get people to buy before the actual bottom. The market manipulators have gotten extremely good at this.
Maybe it its time to change your mindset and base estimates on facts, not on waves :-). Read my blog and you will find out why bitcoin did end up higher, precision on the hour. Keep an open mindset.
The purpose of Haejins TA is to give as many likely scenarios so you can watch for key turning points. You cant blindly trade on this advice. you need to keep all likely scenarios on the table with a plan to combat them all or you will be defeated by any trading market. Especially Crypto..
There is nothing wrong with Haejins TA, but read my full blog and you will find out why the bitcoin went up...
It only has a couple hundred dollars to play with to have a 3 wave correction and stay above the trend line. That seems unlikely, but it may be wishful thinking as i have a lot of buy orders set with the hopes of btc dropping to the 8200 range.
I'd better watch it closely.
That information is time stamped into the chart.
That is when the chart was made, not when the post was posted. Just sayin’