SUMMARY
Overnight price action for Bitcoin (BTC) has put in the a,b,c and d waves in the symmetrical triangle consolidation. It's likely that most of today will be spent in completing wave e. Once the triangle is complete its breakout could provide the onset of a smaller wave 3. The fives waves up earlier represent subwaves of a higher degree of trend wav 1 and this correction could be a wave 2 and so a breakout would allow wave 3 to start. The later mid-day update will focus on potential targets and pathways.
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
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As always great analysis Haejin
Nice upvote you gave yourself, I see you have learned a lot from master H.
The movement of bitcoin Marketing is very slow these days. Wonder why not such a good investment is going so down. Crypto market should be going up.
Since we closed above the daily trend line and if we close above $8625 (yellow line), these are good indications of a potential reversal to go long.
Daily Chart
The more conservative approach is to wait for price to take out the sell orders at $9250, then buy on a pull back to go long with a target at $12000.
4 Hr Chart
Make sure you downvote all of @Haejin's scammy post!!!
_LI.jpg)
Hgin You should stop your SCAMS NOW!!!
https://steemit.com/stewardsofgondor/@iknowwhoyouare/i-haven-t-gone-away-and-continue-my-efforts
@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.
I'M HURT NOW!! Those $0.00 downvotes hurt me. I need a band-aid now!!!
Yo @investingtips wtf is your problem? why are you using all your voting power to downvote me? .....Talk....what is your problme
make sure you eat shit
@Haejin bringing out the big goons to downvote now!!!
LOL That $0.00 downvote hurt me. I need a band-aid!!!
@haejin, you first introduced me to steemit through your YouTube videos and I joined because of you. Now I’m fully engaged on the platform. Sorry to see all the recent backlash. Hope people also recognize how you’ve helped add people to the community.
I don’t take his projections or anyone else’s as fact. I use them to learn about EW and other trading terms and see how they are applied. It should all be taken as one data point among many. Also sorry to hear that you are upset. I have read the anti haejin posts and do agree with some of the views.
He is good at explaining how EW works.
Free knowledge share is good for the community and in exchange, he gets rewarded by steem tokens. But the transparency of the reward system combined with the increased tendency for winners to take all creates a lot of backlash.
Here is my thoughts on Bitcoin as of yesterday's close:
_7D.jpg)
_30D.jpg)
_365D.jpg)
If Bitcoin flips the 30 Day forecast indicator up - game on...
Make sure you downvote all of @Haejin's scammy post!!!
_LI.jpg)
Hgin You should stop your SCAMS NOW!!!
https://steemit.com/stewardsofgondor/@iknowwhoyouare/i-haven-t-gone-away-and-continue-my-efforts
@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.
@Haejin You do not provide any entertainment. I brought you some.
Waste your votes LOL. That $0.00 downvote hurt me. I need a band-aid!!!
Since math was discovered and not created, we cannot assume that others methods are incorrect, only that they do not follow the specific rules that we understand. Some TA s lash out at Haejin for his free hand style but, he understands the world differently then we do: He sees fractals where we follow Elliot rules... perhaps there is something Mr Elliot missed. To invalidate Mr. Lee method is to invalidate the discovery of gravity or to doubt that the earth is round.
@haejin Thank you for all the info I really enjoy the posts.
there will already be two possibilities :)
I like wave 3 option, I do not want to se D and E completed!!
Just moon ;)
haha those days are over :-p
Of course those days are over, what with the vast majority of the world already having adopted cryptocurrency there just isn't a market anymore.
"there just isn't a market anymore".
LOL.
Please sell then, and don't look back. No remorse, no regret, weak hands out.
These pathetic clowns are brats. They talk like brats, they act like brats and always cry for their mama to rescue when things don't go their way. They don't work on their own characters and want to find somewhere to fart out their myseries. If they could have known better, they would know first thing they need to do is to work on their own characters. Then they can do real work to benefit themselves.
Always being attracted by your excellent analysis on the waves and trends of the price of BTC. Look forward for further pathway and momentum consideration. In addition, it would be good for reader to get some taste of the trend in other coin pairs such as EOS/USDT. Thank you very much.
Update BitShares?
Thank you so much for this summary
https://steemit.com/@yunushumeyra25
Using a 50 and 200 day Moving average. It looks that wave E could land on the crossover which meets the lower trendline of the a,b,c,d,e correction
If the moving averages do indeed cross?
I still think it looks more like a bear flag forming, but we'll see soon enough, it's still time to sell low and buy high.
Sorry I cant vote right now
You mean sell high and buy low.
I meant for someone to come sell to me low and buy from me high ofc :)
got you lol.
Good content, it was enjoyable reading it.
Please visit my blog and check out my ideas! Let's exchange opinions for better analysis!
https://steemit.com/@goyapro
keep post bro ^^
you are the best!
A thumbs up for all the work you put into your charts.
Please fix your recording codec. No lagging sensei please.
Congratulations @haejin, this post is the fifth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 55 and the total pending payments to posts in these categories was $2905.87. To see the full list of highest paid posts across all accounts categories, click here.
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Coins mentioned in post:
nice post