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SUMMARY
Overnight price action for Bitcoin (BTC) successfully breached the upper trend line resistance. The key is to make it decisive in that price now uses that former resistance as support. I think it will. This trend line resistance had been hit multiple times and thus weakened enought so that this time, the breach should should allow price to stay above and rise from it.
In the video, I also details two primary indicators I'll be using to call the top on Bitcoin! I won't summarize here as it'll be too lengthy, but please view the video and I hope it'll be helpful!
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: 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.**
I got the tools for...approaching the freedom!!!
Me too!!
I subbed Haejin = the best tool ever! 😉
I agree 100 percent with you....lucky us to find him!
found this free for those who cant afford it or want to have a look before buying. also you can view the elliot wave book free from elliotwave international site technical analysis of stock trends tenth edition pdf
https://onedrive.live.com/?authkey=%21AHTv78sTyipkZ4I&cid=EBFAFD82D6649339&id=EBFAFD82D6649339%21848&parId=EBFAFD82D6649339%21116&o=OneUp
@haejin thanks for the BTC update! What is happenning with Steem and EOS, could you please update on them? Bitshares is already on its way to 21 cents, very close.
@gold84
need update EOS plzz
at the rate money is flowing into crypto right now just buy the stuff and hodl, the corrections are fast and furious. I'm sitting on the XVG forums today watching what people are writing, XVG is up something like 13000 percent or something like that this year, and guys are complaining its not moving fast enough. Buy the dips. Trade the corrections if you want but 2million turns to 1 million fast. If you bought eos at haejin's recommended price your laughing already. About 700 percent profit plus already. He's a crypto god
EOS 🚀!!!!
@haejin Thanks for this as ever. Could you please please provide an analysis on ETH? Would be great to see your interpretation of the recent decrease
Yes please!! We want an analysis on ETH!!
Ditto here. Thank you!!
Your post has been resteemed to my 2500 followers
Upvote this comment if you like this service
hahah laughed out loud about a shoe shiner recommending bitshares
Hey man. I respect your work a lot and it was very helpful. What do you think about the fact that Bitcoin is being listed on the Chicago Mercantile Exchange and there is rumour about a lot of shorting that will occur? This along with USDT FUD can cause a huge crash? What do you think?
@haejin
Will alts recover from the blow tonight or will they keep going down on BTC's rise. Was wondering as CVC for example went down more than 20% tonight.
Yes, I don't see the reason to invest in Altcoins , increase in US dollar but not in BTC ....?
Altcoins are more profitable if you know which ones to invest in. Bts. Eos. Steem.
There is an inverse relationship between ALT's:USD vrs ALT's:BTC when Bitcoin is rising (ALT's:BTC fall and ALT's:USD rise ) or falling (ALT's:BTC rise and ALT's:USD fall).
I've noticed that some alts like IOTA, EMC2 have followed bitcoin. Others like POWR, ADA declining against bitcoin but the price in USD is holding steady since bitcoin is increasing in value :O
Thanks for the morning update!!! Could you give an update on LBRY also please!
Thank you for the Morning update @haejin.
video says unavailable
you can see it in a Youtube directly...
No video...
Thanks, Love your posts! very detailed and accurate..
I've been a bag holder of KIN since the ico, can you possibly give an update on that? doesn't seem to be a lot of price action going on
Great as always,
The shoe shine indicator is a new one to me:D makes sense though sell when everyone else is buying.
I guess it is coming from stock market.
https://rosskaplan.com/2016/05/the-stock-market-the-shoeshine-boy-indicator/
This is one of the best vids yet. So much experience being shared so simply. Thank you!
Thank you!
Would you sell your BitShares also?
No. I think He has already said he plenty of times. He will never sell them. He holds them long I believe.
if the correction bottoms out at 12800 and we are at 12650 now, it would be wise to ladder in a bit now?
More GOLD in this video!
What about BCH... I can't figure out what's doing. I thought there was an ABC correction going on... but went below wave 4:
c can correct below 4
Clearly... and fro what I'm seeing also below wave 2!
Anyone think we might touch $14,602 sometime tomorrow if the 3rd wave continues to extends; then retrace for Wave 4? Then ride 5th Wave to $15,439 after that.
14K! Lol!
Hi Haejin.. wicked confused now.. what are you (can we possibly plan to 'exit' into?), shall we be going into ... food? fiat will most likely be dead. do you like the backed cryptos? Won't the bond market crash before crypto?
Hey @haejin . What's your latest prediction for when BTC will drop and to what price? Last I remember you were calling it going down to around $4000 somewhere around second quarter 2018.