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SUMMARY
Bitshares is undergoing a well deserved and a healthy correction. There are 36 possible corrective combination patterns and I share my two primary scenarios.
After the five white waves, the subwaves of blue wave 1, the a,b,c requisite correction could be complete and we start impulsing higher. The current correction would be the blue wave 2.
Since cryptos just love triangles, we could see an a,b,c,d,e triangle. So, this pattern could be worked on throughout the day before a new impulse takes it up!
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.**
Orgasmic waves... just literally sold some “Waves” coin for more BTS
Awesome move.
So did I. Happy with the percentage of profit.
I'd try and keep both if possible! I'm mostly in BTS but WAVES is a solid platform as well.
Can't go wrong keeping a diverse portfolio of the DEXs.
My position on waves was pretty small. I left it for passive income via leasing.
Beautiful !!! #ilovesmebitshares!!!!
Yes! Love that hashtag!
I added BTS using the blocktrades feature.... but my tranaction has not shown up yet. I scanned and checked code it was good... is this because the network is jammed can anyone advise thanks?
Blocktrades has a customer service, put in a ticket
Went through thanks!!
my transaction has not shown up too! not that it’s a lot but still.. I thought I was the only one. I guess we’ll have to wait longer
ok let me know if/when yours shows up ! Ill do the same!
Was the memo entered correctly ? It normally only takes a few seconds.
There was no memo for blocktrades just scanned and checked the qr code and let if fly! Im used a bunch of the other features in side BTS and they all seem to work fine just not blocktrades deposit yet! I have used blocktrades through steem and it worked great so I think they will get it right I hope? I wanted to start using all the different features inside BTS so like BITCOIN ! I'm there waiting for the transfer of wealth! By using these different wallets and exchanges more often I grow less anxiety each time I log on!
Thank you @haejin I kept telling everyone that this is the good time to invest in Bitshares. Anyway thanks for clearing this up!
I hope so.. I got a limit order on Poloniex that would double my money..
Bittrex delisting Bitshares has been a blessing in disguise.
Perhaps they migh relist it...a news that coudl help justify the forecast.
Haejin, how do you judge Monero correction path?
I am learning and will definitely take a Coaching Session. Keep me in mind please, i am student and have money-issues. Put me definitely in your waiting list brother. God bless you.
Hello, @haejin.
Just noticed your posts like this one. How lucky are your crypto predictions?)
Luck is not the right word. Analysis - how anal are his prediction? They are very well analyzed!
Scientifically analyzed with a touch of quantum reality - at least that’s how I’m seeing his expert analyses - in a “superposition” and cloud of potentiality where all outcomes happen in many universes and Haejin keeps getting it correct in this one. Let’s just say this guy knows what the he’s talking about
Haejin may be a multi-dimensional being.
He's a three dimensional being with multi-dimensional perception.
An ESPer in the crypto-sphere would be a good way to describe.
Thank you!
Could you tell something more about Decentraland?
Take a look at this. Has a lot of useful information.
https://steemit.com/bitshares/@stan/bitshares-noob-notes
Btc dominance is to much ! When that start to spread out it will be like supernova !
I would be buying BTS, but my BTC is stuck in the mempool. Most exchange withdrawals are in grey zone.
Most sellers are excluded from this market.
Me too stuck transferring from coinbase to bittrex......uggg.....been stuck since 9 am est
I find it faster and cheaper to exchange btc for eth and send that.
Agreed - it will flow outward, the question is when!
Position yourself well now ;p Could be as soon as friday when futures trading opens.
well, when I first bought btc and get message CONGRATULATIONS U ARE OWN BITCOIN I was delightful. Soon, after couple of hours, start to think something like this ! Wow, I have a fragment of bitcoin that is awesome. Then, I was thinking , what about altcoins, what is purpose of such number of coins ? I had to try to see. I bought ark, than rise than bitshares... each one was faster, easier to understand... So, I am on this only about 3 weeks and not have any of technical knowledge but I think very soon !
Sorry on my english
all the best to all
Very good! Keep doing the research, remember to be reasonable about your position sizes, and think about use-cases; I personally don't like to invest in useless tokens, no matter how good the charts look.
Not much research ! I just trying to see forest , not a big tree :)
Actually the same triangle correction is in SBD (Steem Dollars) BTC/SBD
Hey my friend nice information given by you about BTS
It's good to see your post and I talk with you had done here about BTS. From where I get BTS .
I am fllowing u
we r brothers,we can work together, I like ur post,so,I will help u and u help me @alaminbappy
Does anyone know how long it takes openledger to verify you? I put in all the information at least a week ago to start getting into bitshares but still can't deposit USD.
Try CoinBase. Verification in 20 minutes or less.
Good to hear! About time to buy some more of those! :)
@haejin question....It seems like Verge has broken the lower resistance, is this bad? Thanks for a short term update on XVG......As always blessings
BTFD
Been trying to all day, my money is stuck in coinbase......Since 9 am est.....i am on the same wave length, just love hearing you confirm.....i trust and respect your powerful words..blessings....crypto's to the moon
Thank you very much! Sold high, laddered back in under 0.17. 15% profits thanks to this correction so far!
By the way could you please provide an update on BCH ? Looks like it's trapped in a ABCDE triangle; but it still gets lower every day... Thank you!
Aloha from Kauai, Hawaii Haejin,
I'm very grateful to have found your blog, much mahalo and gratitude for your insight, knowledge and patience. Learning about Elliot waves is much more than just profit, it is a profound insight into the collective consciousness. I would love to have a class, please let me know if this is possible.
Once again thank you for your service,
Quinn
thx haejin, ur TA is awesome. just sold BTS for $~.205$ and bought back at $.16, exactly as u mentioned.
https://www.tradingview.com/chart/BTSBTC/MCIvwOqE-BTS-to-rally-back-to-the-17-cent-range-and-beyond/
heres my chart analysis using PROFESSOR @haejin techniques and tutorials
BTS gui is looking nice great job developers !
Does the local wallet reside in your browser or is it a piece of software you install ?
CDX - Commodity Ad Network - does anyone have any thoughts in this coin ? The concept should be very appealing to all the YouTubers whose monetisation is getting hammered by the algorithms ?
Thanks for the update! Will you do XVG please?
Love BTS, am going to accumulate as much as I can while its cheap!
Looking at this over the last few weeks though, bts has way too little volume and is commanded by algos.
Bots keep stochastically shoving what little gains there are up and down... these all being "healthy corrections" - I like "well-deserved" better - bts is for idealists, it's on the whole way more profitable to just hodle in btc... bts has the additional problem that it also falls when btc falls. I can't see it as an investment option as long as btc rises - a mere fancy. It's in essence a well intended, badly marketed and therefore up to date relatively unsuccessful concept, much like Ripple. I took some profits but lost much time - in a world of booming bitcoin, bts is a disillusioning experience. This may change in 2018, or not. It will likely change once the crypto market matures and gets regulated, because the concept is a very good one and I would like it to stay.