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SUMMARY
I hope you've all had an enjoyable and memorable holidays! While we were merrying; the cryptos never slept!
NOTE: If this Blog post gets downvoted; @ranchorelaxo has our backs!!
Below is the chart of Bitshares (BTS) and the pattern is that of an a,b,c,d,e ascending right triangle. As of now, if the slight piercing of the bottom triangle represents a bull wick; then price should see higher highs.
However, the daily chart with the MACD indicator looks a bit toppy. BTS has had a near vertical run since $0.19 cents and MACD is showing that it could require some rest. The blue circle highlights the area of MACD to indicate a level of overbought state. If so, a correction could occur to alleviate this overbought state in the MACD.
Below shows the BTS/BTC pair and little has changed since the last update. IF Bitcoin (BTC) still contiues to correct or if the demand for BTS/BTC outstrips the rate of rise in BTC; then the very large cup portion should finish at around the 12,290 Satoshi level.
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!!
--
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 think this kind of content is too niche to show in the global top 5.
That's huge upvote power!!! 4 upvotes $205.50. This is the first time that I saw this huge upvote power.
Explanation for high upvote : https://steemit.com/steem/@transisto/temporarily-pausing-my-anti-abuse-efforts-while-sbd-is-off-the-chart
Thank you for sharing sir. I will read in to this. :)
Oh I think you misunderstood @transisto. It was just really first time for me to see a huge upvote power like this. Self upvote is really fine with me. I have nothing against it. On love! :)
KABOOOOOOOOOM!!!!!
I love this. What some don't see is if we have massive success with someone like haejin, it could bring a lot of people to steemit. I'd be a millionaire if SP hit $342. Bring it on!
Happy holidays, Haejin. Not sure if you have seen this.
https://steemit.com/haejin/@saadithya/haejin-christmas-tribute-from-fans
Dont miss another update from @Haejin
Anouncing @Haejin SMS notification service > https://steemit.com/elliotwaves/@libertyranger/steemit-new-blog-post-sms-messaging-for-haejin-crypto-annalist-post -- Please resteem this post
This is what happens when BernieSanders attacks you.
I hope your account recovers from berniesanders bots. He is a POS.
Crypviser announced:
“Crypviser concerns about recent problems within Ethereum network and sees the current situation as unreliable and business critical for our project. The speed of transactions for the authentication system is too important to be disregarded.” They further elaborated that since their application would be used by millions of clients globally they would to bring “superb quality solutions to the market” and one of the crucial factors for them was “maximum speed of transactions.”
I love it! Upvoted!
That is GREAT!
This just made my day! I think this elf invests in Crypto, she seems more excited than all of us :D
Soy nuevo en steemit, porfavor seguidme Crypto_Analysis o jomaqui
thanks !!!
nice
Good info. Let's hope BTC shoots up again soon! Thanks for your post
its all about BTC. Whether you like to admit or not, its the moon that moves the tides.
Please upvote as bernie has downvoted me so much i can no longer upload pictures and video.
Thanks
BTS is among my all 3 investments
Lol :)
Awsome
HAHAHA exactly
PERFECT!
Welcome back. Everyone missed you and need your help. Please keep posting. Due to income that you have helped to generator for my friend and I, we are giving away 10% of everything we make to charity.
Good deed👍. Upvoted
Thank you. It is the least we can do for the gift that Haejin is giving us.
woop woop!! Welcome back @haejin!
Thanks for the update :)
Thanks! Time to get some BTS!
Nice big cup of wealth!!
Good job, just resteemed!
https://steemit.com/abuse/@lukestokes/whales-you-have-some-flagging-to-do
Please resteem or promote to finally a good witness that cares about this platform and isnt afraid to stand up to berniesanders....haejins followers upvote my posts and resteem....
.if your a whale or dolphin delegate to me your SP so i can stomp bernie aka justin for good
Thanks, it is good to know that Luke Stokes is a good witness that cares about the platform.
Agreed. I also urge you to check out @anarcho-andrei @bobinson @teamsteem
You do understand that the proxy voting between rancho and haejin are the exact types of posts they are talking about, right? Do you understand how it is bad for the community and the community members? You can expect those whales to reverse every $300+ vote rancho gives, as they should. It is basically self-voting. It may be different if haejin didn't post 7-9 times a day, but since he does, it will be taking massive amounts of funds from the rewards pool ~700k. That might not seem like your problem, and that's fine, but many of the whales and minnows alike have a real interest in protecting our investment, which would decline rapidly if there is mass gaming of the system the way rancho and haejin are doing. There are a lot of diverse content providers on here, and they have a responsibility to voice their say in the amount of rewards posts get. They do this through upvotes, downvotes, non-votes and commenting.
Now, should they vote haejin's post to 0 like they were? No. They should not. However, it is well within their right to bring it to a comparable level of similar post types.
Some of you have asked me, in conversations, about the reward pool and the way it works. I am not an expert, but this is an analogy I came up with to describe it:
Well, no. It would get bigger. It would actually stay the same, but everybody's piece would get bigger. So, for example, the reward pool is 695,419 Haejin is taking 1% of that, he leaves 99% of that for the rest of the communtiy. Doesn't seem that bad, right? Well, there are currently 351,489,308,504,710,000 (that's 351 quadrillion) claims on the reward pool. So a 1% pull from a single user is tremendous.
No. The reward pool stays the same whether he is here or not. We could argue that the more users on Steemit the more Steemit will rise in value, but it could also be argued that if Steemit is seen as an unfair place it could cause Steem's value to lower.
Everyone on Steemit has an opportunity and a responsibility to direct the reward pool funds. You can do this by upvoting, downvoting, or abstaininig. Picture it this way. Your mom gives you and two of your friends the ability to spend 12 bucks at a casino. And tells you to decide where to spend it. She didn't give you each 4 bucks, she just gave you the ability to choose how it's spent. So each of you have equal say over 4 bucks. Friend 1 says put .25 here, friend 2 say put .85 here. You decide you don't want to put the effort into figuring out which game would be best and say you'd rather just go to the pool. Now your friends have control over 6 bucks each.
That 12 bucks is the reward pool and haejin represents a single group of games in a casino with 351 quadrillion games. In terms of overall benefit of steemit, many of your friends don't think putting so much of our funds into a single game is a good idea. It becomes even more of an issue when when a single friend with considerable influence continues to pump funds into that game regardless of value lost by everyone else.
Do your research first. Bernie and grumpycat and his 200 bots are raping thebreward pool fool. Good luck pal. Muted
Not sure why you would downvote me. I'm trying to have a civil conversation. I don't deny that posts like the one's specifically mentioned in @lukestokes' post are also raping the reward pool, but that really has nothing to do with the points I made in the post above. I am simply acknowledging the situation that brought about this "war" in the first place and trying to relate the importance of it to this community, especially haeajin supporters. A lot of you are new to steemit, and haejin brought you here, which is great. But haejin is all that many of you know, which is also great, but a lot can be learned from gaining perspective. That's what I am trying to do.
Could you please do an update on Verge (XVG)?
Great post
Wow, this is some serious technical info! Thanks for sharing!
Besides technical information it's still important to know enough of the team and business plan behind the coins when your looking for long term investments
Hope you had a nice Christmas, and merry new years to you man. Do you have any opinion on smartcash?
Hello colleague @haejin, I hope you feel very well :D. Very good post, I voted for it. I would like to invite you to follow me on my page @emmanuel250998 where I will be uploading every day the latest news about the world of cryptocurrencies. I also invite you to vote for my last post:
https://steemit.com/bitcoin/@emmanuel250998/nitial-coin-offers-have-raised-more-than-usd6-billion-dollars
I would very much appreciate your support. A big hug and greetings from Venezuela ;)
Omg finally you are back, appreciate that. Need massifly profits please :D
get them massive profits goin!!!!
Welcome back Haejin! Great to see you posting again! I am learning so much from you!
Thanks for valuable trading information about BTC. You are great and your posts are awesome. I wanted to buy a friction of bitcoin. Is it time for it. Thanks dear.
hlo can anybody help me...i am new to crypto world and on steem...i came to know about haejin from a youtube video....pls can anybody tell me...what price range did haejin recomended to buy bitshares and what is according to him is bitshares sell price
@gpsd. He said it's a correction COULD occur. Depends your time frame. If you hold long term, then don't sell on corrections. Go back to his twitter and find previous BTS post. Watch this youtube. Got to 8:40, 2/3 toward the end of video here Haejin mentioned a way to follow him on his bts trading acct. You need to open a bts acct if you don't have one. Here is info. https://www.cryptocompare.com/exchanges/guides/how-to-use-the-bitshares-decentralized-exchange/. Be sure you copy your password down, otherwise all is lost. Then you go to settings and find haejin lee 1970 and follow him. Buy when he buys, sell when he sells. Otherwise, just hold.
@gpsd. Vid below mentioned how to follow his trade on his bts trading acct. 2/3 (8:40) of vid he mentioned that
I'm also wondering about buying some BTS to hodl. Price should go up in the looong run, but can still drop because of some kind of overbought situation. Now it can still go up to 1$ then drop back to 0.20$ then again go up to the moon.
If you want to hodl, just buy now and wait 6 months or just wait for an update of haejin, in other words wait for the price giving some more clues of what's going on.
@haejin after 3 days you posting I hope you doing well I have this coin for long Thanx alot for updating again this made my day😍
@haejin, Happy Holidays to you! Thanks for the post!!!
very good analysis
Welcome back Haejin! Can you do an update with XVG? Lots of craziness going on since since Christmas with bogus news causing price manipulation. How do you make sense of this using Elliott waves?
It doesnt because its manipulated, they're playing with you guys, its all about pump and dump
Welcome back! Thank you for posting again, hope you had a very nice holiday!
Welcome back :)
could you please take a look at XVG.
I think there will be one last correction to 0.50 before it go's to 0.70, there is some major news coming out between now and end januari wich is going to cause it to break out either way.
Thank you.
Very good
Please give us good quick run down TA about verge!! Did it break H&S pattern? Such a big selloff!!
John Macfree needs to shut his fucking mouth about XVG on Twitter. I have lost 17k in the last week because of the "FAKE HACK" of @6Billionpeople (Marquis Trill) and John Macfee.
In @haejin's absence I gave my amateur skills a whirl. I was seeing that H&S pattern on the BTC/XVG chart as well, but had support showing up around 611. If not, it may dive to 300 before gaining it's footing again.
Again, just my humble attempts at TA. Anyone with better insights I welcome your input.
fuck does that mean man, will price go lower? FUCK !!!!! IM SCARED!!!
Why scared? As long as you don't sell you didn't lose anything.
Looks as though we had our answer--hit 700's, didn't break into the 6's that I saw. Appears that it is impulsing up as we speak!
It was a huge bull run. These things are to be expected. It's the same case with TRON.
If you want a 10 minute read to take your mind off the chart....!
We present a clue about "Who is Satoshi?"
https://steemit.com/bitcoin/@harpooninvestor/did-nick-szabo-solve-nick-szabo-s-biggest-bit-gold-problem
In sync:
I know you dont like Stoch RSI, but it's looking in the oversold territory on the 4hr and 1D.
Whooo! Welcome back @haejin! Lost you here but saw you everywhere else! Good to have you back, hope you had a good time with the family. 😀
happy holidays haejin! will you update verge?
I havnt invested in bitcoin only because of the hype sureounding it. I feel its gonna spike like crazy as its doing right now, then drop in value a ton and tons of people will lose a lot of money. Ill stick with the smaller cryptos like steem
Whew, so glad your blogging again...seriously missed your blog! Hope you continue!
@haejin. Very good post. Thanks for sharing because it´s so important to know.
Upvoted
Merry Christmas
hlo can anybody help me...i am new to crypto world and on steem...i came to know about haejin from a youtube video....pls can anybody tell me...what price range did haejin recomended to buy bitshares and what is according to him is bitshares sell price
@haejin Hey good to have you back :)
Merry Christmas Haejin!
Welcome back!!!! Thank you.
@haejin already sold his BTS for bitUSD
https://wallet.bitshares.org/#/account/haejin1970
So that means he thinks the price will go down :)
So I safeguarded my BTC in bitUSD last week. Took a small gamble BTS would out perform in near term and converted to BTS with a BTC stop loss. Just another costly mishap in the last week... I did notice the oversold MAC D on the daily yesterday but it was too late at that point. We were testing the .382 so was no point in moving up my stop.
These lessons are expensive but the knowledge I gain seems worth it! I hope.
Now the question is where to set the stop on my core BTS...or just HODL? This is a new position as my last position was stopped out vs BTC last week.
Haha, what a story @Haejin!
Good to see you posting again Haejin! While you were out, it gave me the opportunity to take the training wheels off and do my own chart and EW analysis on some coins. I still need more training...glad to see you're back. :-)
hlo can anybody help me...i am new to crypto world and on steem...i came to know about haejin from a youtube video....pls can anybody tell me...what price range did haejin recomended to buy bitshares and what is according to him is bitshares sell price
I was worried that you had left. Glad to see you are back. I very much enjoy your posts.
I love you. Like Literally i do...
Upvoted and Resteemed!! It seems like my Christmas was incomplete without seeing your technical analysis @haejin. I’m glad you’re backkkkk...
hlo can anybody help me...i am new to crypto world and on steem...i came to know about haejin from a youtube video....pls can anybody tell me...what price range did haejin recomended to buy bitshares and what is according to him is bitshares sell price
You have to do your own maths.
He offers tutorials in how to ladder in.
So glad to hear from haejin again!
One of my favourite coin.
Welcome back Haejin! Happy holidays to you!!!