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SUMMARY
There were MANY who panic sold this healthy correction! There were MANY who were afraid because they simply were NOT aware of the probable price pathways. Technical analyis is nothing more than identifying as many possibilities, narrowing it down to a handful of probabilities and selecting the primary and alternates. This process allows one to become aware of as many price pathways and so is rarely surprised. Awareness keeps the panic and FOMO away! If you'd like to learn how this is done, please, you are very welcome to follow my blogs and study my free tutorials linked at the end of this blog.
I share my knowledge, experience and know how on Technical Analysis to ALL! It's available to all and with malice towards none!
Last night, I shared the below chart stating that since I can count ALL the subwaves of the A,B,C Flat correction, my confidence in being aware that the bottom of the wave C is either complete or near so was high.
This morning, we see that the a,b,c is complete and likely a turnaround has occurred as shown below. The five white impulse waves should soon be making orgasmic lunges upwards towards $23,743 or HIGHER!
Awareness is key to keeping the panic and FOMO at bay. Forward discernment of future price pathway is also key. The below chart shows an alternate scenario to keep an eye on; that being a Head & Shoulders pattern. I've labeled the Left Shoulder (LS), Head (H) and the Right Shoulder (RS) pattern. This is at borderline of possibility and probability but worth keeping an eye on. This level of awareness allows one to be prepared and know exactly what to do should this scenario play out.
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:
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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.**
Thanks
It will reach 1 million some day, see ya on Steemit
@Bibitcoin
https://steemit.com/bitcoin/@bibitcoin/ledger-wallet-how-to-secure-your-bitcoin-video
Haejin and Max Kaiser (both analysts I respect) also agree that BTC will most likely be in the millions
More and more competitors there, I think the btc price will increase slower and slower
If people adopt it worldwide and have some in a wallet, like they have some fiat on Paypal, it makes a lot of sense.
Not that much. The Roger Ver disciples are making another attack while we speak, pumping BCH with all they have. They failed this night because Coinbase had to suspend trading BCH as the demand WAS SO HIGH THAT PRICE WENT UP TO $9000...
again, they're already close to 25% BTC value and trying not to let bitcoin climb back above 17k... so while the two bitcoins are destroying each other with passion, we should probably be looking for an alternative. ETH is looking good and LTC should also be rising though it is now falling along with BTC. Then, there's always BTS... bitcoin is stalling right now, may well go into the head and shoulders, while BCH soars.
Most people will immediately change sides and go over to BCH when they realize what's going on - greed is the human motivator... this is why the rebels are investing all they have.
It's do or die for bitcoin, while Wall Street sits laughing in back.
A euphoric scenario for both BCH and BTC ? That's just not going to happen, it's either or.
BCH is going for 4k - https://www.coindesk.com/low-can-bitcoin-go-charts-hint-11k-might-play/ - Will bitcoin from now on be "just another altcoin" ?
Roger Ver. That guy.
There's a whole crew pushing BCH, Chinese miners, the "Dollar Vigilante" - they're pretty good at it, too.
They buy youtubers to influence newbies and they have pumping power galore... so they may just succeed in keeping that bitcoin miracle of 20 at Christmas from coming true - now you can earn more hodling BTS these day but not everybody knows that.
It's mostly because BCH mining is more lucrative than BTC mining these days, so they want to make BCH the new norm.
btc multifold is difficult... bch multifold is easier ... so they took the bitcoin brand and calls the original one bitcoin core (thats funny)... now they jumped ship from btc to bch... and trying to pull everyone on something which they got at cheapest possible price.... they just want more money... res are just bullshit... there are far more better and cheaper alternatives than bitcoin or bch... its that simple
Sure, much better but the BTC legend is founded in it being THE SYMBOL of crypto and "only 21 million, good as gold."
It's psychological.
Now when BTC suffers, ETH and LTC and a lot of the others will also suffer, that's a problem... this is hurting the market on the whole by making it less predictable and attractive for newbies.
I'm staying away from both bitcoins, only consider using them as edge against each other (but in effect, I rather keep my money in fiat instead). I think this is opening up the market for national cryptos as the legend DOES NOT continue, and both bitcoins will lose out to the way better alts.
there will however be whales sticking with bitcoin BTC simply because it's the one and only traditional coin, and exactly that will keep it the "store of wealth" - transactions and fees being entirely irrelevant there. BCH, being the bitcoin prole, can never achieve that status.
You enjoy paying ridiculously high fees and day long confirmations on BTC?
Well, you have fun with that. People who know what Bitcoin is and how its supposed to work are buying BCH buy the truckload, while new dumb money is rushing into BTC trying to get rich overnight. These newbs are going to get slaughtered, they don't realize they are buying a crippled coin that is basically a ponzi scheme thanks to the inept Core developers.
Waiting for the day steem gets that high ;)
Was shocked with coinbase adding BCH last night.
Dear @haejin , I'm a long follower of your blog, since August. You remind me that chivalry in this world is not completely dead yet. The world definitely needs more people like you; and it's not about the money - it's about sharing the knowledge - which is SO valuable.
I hope people understand what that means and give you credit for it. I really wonder what kind of mindset some people have, to discredit a person that LITERALLY teaches you one of the finest arts in modern day.
Such a shame. I sense some disappointment in your tone over the last days, please do not let these idiots get you down; and don't bother with them all. They either are out of their mind, have a motive, or plain evil.
In my point of view, you have been MASSIVELY succesful, both in your art and giving back to life and people. Thanks a million..
Great comment man. Thanks on behalf of the community :-)
Thanks man. Just had to say it, that is so unfair to him. Hope he sees the comment tho..
Here is a post from a guy who made 7 posts in 20 hours
https://steemit.com/steem/@netuoso/technical-analysis-proves-that-steem-will-either-go-up-or-down-click-here-to-see-more-charts-provided-free
Within the last 24 hours @haejin made over 1000 new followers. As long as @heajin says STEEM will go up, keep your STEEM and keep upvoting this guy. From now on don't send any tips to his wallets. Use those funds to buy SP or lease SP and upvote @haejin with that. For the first time we have these bullies completely helpless. We need to upvote our shifu as much as possible.
We are winning this against the bullies. Please spread the word.
Looks like BTS news arrived to justify the forecast...
Chinese exchange KKcoin added BitShares smartassset bitCNY trading pairs.
You can currently hedge to the stable coin with:
BTC
LTC
ETH
EOS
Currently moving up to new highs!
Awesome! 🚀
wonderful news here, thanks for the heads up.
@haejin Saw that post of them hating on you because of your reward stake but you are putting out info that is making people money, apparently people will complain about anything now a days. Keep up the good work man! Happy riches everyone
So how many of you noticed that @haejin has gained over 500 followers during the last 12 hours. That's some epic publicity and censorship fail.
May you all have massive profits !!!
Hahaha. It backfired and makes haejin more popular.
Could you please do an update on SALT?🚀
i'm a follower of haejin and been practicing his elliot waves. this is my take on salt. it's easy to call bullish on most alts in my opinion, as this is the altcoin popcorn symphony we've been waiting for. ![]
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Thank you!
@haejin we love you
Thanks!
You help keep my finger off the sell button!!!!
IKR - check out https://cryptoreader.com/ and http://coinmarketcal.com/. Lots coming up in the space as a whole this month/next month :D
It's kinda scary but exciting at the same time. People are investing so heavily which is what we wanted - but it's almost happening too fast?
thanks a lot @haejin , can you plz update ADA?
Second!
Can you talk about the Bitcoin fork? It will happen 12/28. Wow!! Breaking news! http://www.livebitcoinnews.com/segwit2x-revival-will-happen-soon/
Master Lee, Please check out Coin base chart. It looks like one more dip is due?
https://www.tradingview.com/x/oNcVv7xc/
Preach on, brother-man! I praise thy wisdom and willingness to share among the masses.
Great post , Bitcoin needed a price consolidation.
It is very healthy, now to the moon! :)
Haejin may you have a million followers one day. Thank you.
Thank you...
@Haejin - Thank you!, again, for a wonderful analysis. We were all calm.... because of your knowledge and insight.
Just my thinking on the video. I do not know if I got it right
Many thanks
Haejin for Sanity! Thank you so much for your Verge analysis. Massive profits
As a crypto newbie from Uganda,I have learned a lot from Steemit and am now Hodling...No need to worry during corrections.
Thank you.
@haejin Looks like BTC is bearish and falling. head and shoulders?
Hello my friend, I am a great fan of your technical analysis. Please do the same for Steem and SBD.
@haejin please take a look at Mona coin chart . Let me know if it is bullish or not .
Peoples are really very panic at some point of time when money is included. @bitcoin @haejin
What about xrp bro.
thanks for the update
I am still waiting here in Korea to get my ordered Eliiot waves book and one another.. takes too long! a month to shipping is kind of years in crypto world as @haejin said. T.T
:cP
You always make my mornings so much better! Thank you for your analysis Haejin .
How is haejin enlarging images when viewing his post? Does he use some extension?
Adding another scare scenario, bitcoin to 11k via the harmonic trading methodology, have a look ;)
https://www.coindesk.com/low-can-bitcoin-go-charts-hint-11k-might-play/
thanks for sharing
Bitcoin (BTC) Morning Update: Target $23,743
I agree with the video from beginning to end Target $21,697 I think it is
Thanks for sharing your Knowledge @haejin ! Just bought additional 1000 BTS because of your last Post.
Pleaseee an update on RIPPLE!!!!
Ağzından bal damlıyor dostum 25 bin dollars olacak inşallah
nice post, i think bitcash with have a sell off as people will see this as free money...
that happens to all new coins. the value proposition and fundamentals drive speculation and this coin has got the goods.
It's dropped around $800 in the last hour so I think we will have one more drop but then start impulsing up later today.
I much appreciate your analysis. Never thought I would be learning Elliot Wave on Steemit. Thanks
hey guys just a noobish steemit question. My upvotes just started giving 1 cents. How does this ammount increase? how does it exactly work? thanks reply gets a upvote haha
please give the FAQ a short read, they explain it better then I could do ;-)
nice post @haejin thank you for share infomation
https://steemit.com/bitcoin/@hobbitante/btc-second-elliot-recovery-wave-finished
WHAT IS YOUR OPINION MR LEE?
@haejin Hi I have difficulties to identify where we are now. Maybe currently in step 2 ? I try to apply your methods but I wonder which scale (D,H,15m?) I should take. Depending on the scale, the results are different... Do you have a tutorial to use the right scale for the right analyse? Thanks for all
We wish you massive profits Haejin!
Too bad haters gonna hate. gets me fired up! Please keep up the great work!
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Maybe I missed it, but what's so long term prediction on BTC ?