SUMMARY
I believe this weekend could be the time when Bitcoin (BTC) breaks the $10k barrier. I also believe that BTC will continue following Ethereum (ETH). Let me explain (the video as more details).
The below chart of ETH has been updated to show that it has reached the top of wave 3 and has started correction into wave 4. There is the scenario where the wave 4 correction already be almost complete! But, for now the below ABC is the primary. The blue waves are the subwave of white wave 3 and thus confirms the higher degree of trend count.
Following this minor correction, ETH should continue chugging up towards $832 or higher; during the weekend. Now, IF this is correct and the scenario plays out; then expect an intermediate sized correction after the 5th wave is placed. More on that during this weekend.
So, Bitcoin (BTC0 is almost done with the white wave (3); since the blue subwaves, are not yet complete in its motive. The weekend would probably generate the minor wave (4) correction and then higher to breach the $10k level. Expect a good, healthy correction afterwards.
Let's not lose site of the longer term perspective as shown below. The Cup & Handle pattern, if completed, would be wildly bullish for Bitcoin!
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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Bitcoin double-top breakout, price target $12,573
Dear Haejin,
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Thanks
After 7 days... BTC at $8,270
So much for breaking the $10,000 barrier over the weekend.
Haejins predictions are terrible, just go back and compare his predictions to what actually happened.
Always interesting to see what happens at those nice round numbers. Psychological barriers ... bounce off or break through... let's see
Check the condition and break the previous top
I expect a good daily closing above the top
hi @haejin! had my time off and im glad to see the markets looking perspective again! guess I'm going to wait for BTC and ETH to top out and then fill my bags after the retracement :-) Are you full bullish by now and how high you assess the risc of another major dip?
Very nice and beautiful post...And i thing the value of bitcoin will be increased within 1 weeks...and your article was umderstandable
Coins mentioned in post:
*Dear SIR @haejin ,First of all, thank you very much for posting so beautiful, we generally have very little idea about Bitcoin, many of us do not know Bitcoin without working with Bitcoin,
SIR was very good for your posting, because you provided the right information through which many will benefit, thank you so much for posting so beautiful and will help others by providing such information in future.
After knowing some things then bitcoin should start working,
For example: ...... Bitcoin is the sign currency traded through the Open Source Cryptographic Protocol. There are no financial institutions, regulatory bodies, or fixed houses for Bitcoin transactions. All processes of Bitcoin are completed online through an open source software or through a web site. In 2008, Satoshi Nakamoto introduced this currency system.
So if you share some things with you please do not (-upvote) please
Nice post. Lets watch and see as it unfolds. This weekend might just be something else or one great weekend
That's good this week bitcoin will cross 10k hope for the best
Thanks for your update Haejin
Help me
Yes agreed it must
yes! yes! 10k so closeeee
Upvoted, thanks!
As of Saturday morning in the USA, btc is above $9900. It is getting close. I anticipate it reaching the goal of $10,000 before noon central time.
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great information and helpful.Thanks to share with us.
Always nicely done .... follow ... @lurehound , @bitcoinninjas .....
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great analysis once again. its definitely in an uptrend and once it breaks $10000, lots of people are going to be bullish again. this could push the price up quite fast.
Best of luck BTC... You will be rock this year. I think would be $50000.
Plz vote me. follow me.