SUMMARY
Note: Bitcoin Live invites you to attend an information session Webinar, on May 21st at 3 PM EST, with Haejin Lee, a featured Analyst. Whether you're a seasoned trader, investor or a newbie; this is an opportunity to learn exactly how Haejin Lee's in depth Crypto analysis and didactic educational approach can help augment your due diligence.
**Sign Up for the Webinar: https://get.bitcoin.live/haejin-webinar/
Bitcoin (BTC) overnight price has initiated what looks like a D wave breakout (blue) arrow. This chart had been posted yesterday and day before. Just because it's a triangle formation doesn't mean ABCDE full set of waves are required. This is why D wave breakouts occur. IF this is a decisive breakout, then volume should also start increasing (white arrow). Ideally, it would have been best to have price reach the 0.618 Fib level; however the recent low did reach between the 0.5 and 0.618 zones.
From a forward discernment perspective, the below shows a smaller Inverted H&S which should have a target reach of $8,867. The larger IHS targets the $9,876 and that means that BTC will try and reclaim teh $10k once more.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
I hope to have a look at the news I post in my account On Steemit and tell me what you think .
Anyone who interacts with the news I publish I will interact with his publications
Coins mentioned in post:
garbage
The misery index of reading this @haejin shite is very high. Check out fundstrat.
BTC price may rise if the misery index caused by reading haejin shite gets too extreme.
Please post Haejin Lee's conversation because there are so many traders who can not attend this valuable conversation
How should we expect this to effect the projected bitshares correction
So as we can see this is small "B" wave of my "C" wave.
We can expect it to go in area of 8500$-8750$
If btc reach 8900$ that is singal for bull run!
But on 1 day my indicators don't show potential bull run!So for now i'm bearish for btc!
Target for "C" is 7200.But first we need to break support zone of 7700$-7800$
After that 7200-7300 is target.
My Main target is 7300$!
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 only my personal thought.It should not be considered financial or investment advice of any kind.I only want to share my thought with you.
With respect's Crypto Rado
If you want to see my charts and update for any coins follow me.
Hello @haejin, The wonderful thing in your post is that, how you collect such kind of Excellent and up to date information, i think you are much interesting in crypto related topic and also have a sharp mind,
.png)
wow...good job brother
EOS TA when you can please! Thank you Haejin.
Woke up an hour ago and you got me feeling
nice feeling ;-)
Thanks! I think so! :) haha
HAve you seen the Ivan on tech/Richard Heart interview? Man that guy is depressed, and said BTC is done. He also claims to know TA, what are your thoughts on this?
This is a bull trap...Btc going 7200!
Wow, you called it right!!
This is a good case to test what it will be.
very nice!
@Haejin, nice work, liking Wave D breakout and the double H & S alot, and looking forward to your webinar tomorrow.
Thanks again.
But can You tell me where can I find that webinar !?
Bitcoin has the right balance of pros and cons. That's why it's so popular.
UP :-) UP :-) UP :-)
https://dmania.lol/post/gavinthegreat/red-pill-or-blue-pill-zg1hbmlh-ohfc9