Not the hourly, but the DAILY MACD has now crossed up with distinction! This is bullish!
If that blue line of resistance can be breached decisively, I believe my upper buy entry rungs can easily be filled.
Can this be a bull trap? Yes, it's possible. But, there is a huge difference between possible and probable. The MACD has been deeply oversold, even with the bounce from the recent $3,045 level. More importantly, the MACD was diverging making a higher low while prices made a lower low. This was the first indication I showed for the probable bullish direction early in today's update. If the bull trap occurs, you ladder your entry, because even if prices spike down to $2,800 or so, your rungs at that level will make you overjoyed to buy at lower prices. IT's TIME TO BUY!
Back during Wave III topping, Haejin was pounding the table saying that it was time to take profits. Now, Haejin is kicking the table and throwing the chairs saying: NOW is NOT the time to take SELLING actions because that time has passed.....NOW is the time to be taking BUYING actions. The time to SELL was at Wave III top which I called accurately while other Elliotticians felt another new all time high was to be had. NOW, IT's TIME TO BE BUYING!
I've labeled tentative five wave impulse bringing prices to $7,000 or higher as Wave V of (V).
Ayyee you even promoted this post 😂. Love it! Hope you're right, we all get wealthier, and you get a bigger audience! 👏🏽🙏🏽💯
Just wait till china jumps back in. While they jumped out japan jumped in. Now they are prepped to flopd the markwt before the new year. Its going to be huge.
I'm not much of a technical analyst but sure do enjoy reading those who are proficient and can explain their craft to the common person. Thanks for the effort. I must add that your conclusion is extremely satisfying.
I take analysis requests and charge nothing! So, if you'd like a crypto analyzed, please let me know in the comments. Thanks for the upvote! Much appreciated.
whats youre thoughts on STX?
Here is the updaet for STX, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/stx-update-what-is-the-sign-of-a-trend-change-from-down-to-up-this-video-blog-explains-it-for-stx
Any thoughts on STEEM from a technical perspective. Seems rather lethargic to meet.
Here is the STEEM update, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/steem-update-the-chalice-of-wealth-target-usd4-by-end-of-year-and-usd6-by-q1-q2-of-2018
can you do QTUM, quick summary would be great. Its looking good right now. I see a cup shape on it, something you love lol. Or I am seeing things, but its peak has been around 20 I believe.
Here is the update for QTUM, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/qtum-analysis-quantum-leap-up-or-down-view-this-technical-analysis
Let’s hope you are right on the longer term predictions! Iam looking at retirement by 2020!!
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Haejin after the big drop to the 3k area I see a 5 wave sequence, it's time for a correction ..
What do I know ? Goodluck everyone, I'm sitting this one out currently and waiting for re-entry.
I read 3 times. So 7k now and 2500 is invalid? All i know is that long long term btc is up . so....😡
I'm not yet, but almost, calling the Wave IV as being complete. Not yet.....holding, holding....aiming....waiting, almost....
kr-guide!
Woff, woff!
Hello @haejin, We have met 2 times already!
I'm a guide dog living in KR community. I can see that you want to contribute to KR community and communicate with other Korean Steemians. I really appreciate it and I'd be more than happy to help.
KR tag is used mainly by Koreans, but we give warm welcome to anyone who wish to use it. I'm here to give you some advice so that your post can be viewed by many more Koreans. I'm a guide dog after all and that's what I do!
Tips:
Unfortunately, Google Translate is terrible at translating English into Korean. You may think you wrote in perfect Korean, but what KR Steemians read is gibberish. Sorry, even Koreans can't understand your post written in Google-Translated Korean.
I sincerely hope that you enjoy Steemit without getting downvotes. Because Steemit is a wonderful place. See? Korean Steemians are kind enough to raise a guide dog(that's me) to help you!
Woff, woff! 🐶
BTC to the MOON :-D!!
What about the weekly MACD?
I'll include that in the evening update
I think we are in the same position as in June, when we hit 3000 there was a massive drop, then a back to normal for a few weeks and then a bigger drop.
On that time the drops where due to uncertainty due to segwit. Now there will be I think bigger uncertaity because of segwit2x and the no replay protection.
What do you think about that...? I would like your opinion because Im not an expert thanks...
Elliott Waves states that a news or an event shall arrive to justify the forecast and not the reverse. Your thought process is in reverse of this statement. I'm only going from TA and onwards.
could you do the long term price target for BQX?
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done upvote and resteemed. this one really helpful hope i can read more of it from you. done following also.
I'm glad i'm following you Haejin. Nice work! Resteemed
Can you please do a update on Verge XVG
I appreciate your hard work you put into this post so I am upvoting you now.
Thanks.