SUMMARY
From an average entry price of $381; current price of $1,489 equals 326% PROFIT!! THIS IS THE POWER OF TECHNICAL ANALYSIS!!!!
The below chart shows a potential blue wave 3 position:
Very high resolution Chart Microscopy at 15 minute degree shows a bearish flag potential with a one final remaining wave of overthrow towards $1,646 to $1,780 or so. Video has more details!!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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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.**
Wow.
It’s seems a lot of ppl are jumping ship to bch.
Very interesting. I’m just waiting for btc to bottom out so I️ can get more bitshares.
Never try and catch a falling knife. GL trying to get out of BTC when everyone realizes what is going on as BTC prices drop. This is a planned attack. When SegWit2x was "suspended" the #Bitcoin #blockchain itself was literally suspended.
Yes, this was seen a possible scenario.....people will react as they will.
And I would never speak for mr haejin but he has been telling of taking profits from btc for a long time now......We will see what happens overnight as BTG launches simultaneously
You are truly amazing.
You know it would be really fun if both btc and bch have hogh evaluation but i think one will win vs the other.
It seems all altcoins are being switched to BCH. LOL！
Bitcoin Cash is Satoshi's whitepaper of a peer to peer currency that has low fees with fast transaction speeds and does not need permission from the banks to transact. There can only be one and it is BCH. All the miners have left BTC, this is a coordinated attack. Bryce Weiner: "Flippening Probability is now 45%."
YES! YOU ARE CORRECT!
I'm probably the happiest person to see the flippening. I've been around calling BTC a curse. Too bad BTC will rise after some more dipping. Still, the profitability has gone up and that should bring in a lot of miners in. I'm waiting for ETH to make and sustain a move. It went over $320 and came back down. If people would realize than ETC pales in comparison to ETH dev team, we could sustain a bull. That'd bring down BTC to below 45% of crypto market share.
OMG, well if you believe anything Craig Wright says... Kaboom, this IS his project!!
This is not going to end well...
lol
If you are holding BTC, it's gonna be bad. BTC shorts are increasing by the minute.
sold at 700 on ur call rebought at 900 holding 1. didnt get greedy nice calls haej
WOOO HOOOOO
THIS.IS.Gold
what was bottom left chart couldnt see it?
Litecoin
Bitcoin on a rampage! 😂
wait, so is this your primary count? hoe come that correction is so small?
can something just go from impulse to impulse to impulse? without much correction?
what's your prediction on upcoming BCH top? 2000 USD?
Man I want to buy this so bad but i only have 1000 dollars left should I just go for it maybe it will increase to from 1500$ to 2500 $ and more I would be making a lot of money.
this is insane. It's going up, up & up!!! great call!!!
I made a quick few thousand off it last night. Sold at 1500. But to be honest this is just pure pump now. I mean you have a coin increase from 300 - 1650 now pretty damn insane. This is not going to end well. I got out, don't give a damn if it goes to 2k. I can guarantee if you chase this now and pour a lot of money in it and don't exit at the right time it wont end well. Not at all. Koreans are pumping the living hell out of it. When they cash out, watch out. Like Haejin says, the crash it going to be a site to behold.
Only guarantees in life are death and taxes. If current rates of production continue, enough hash rate will exist to destroy the Core chain in 60 days or less.
@echung What do you mean destroy core chain? English please
I see @echung321 thanks btw d you think BCH will increase again Haejin says correction he means it will decrease then increase again right? it now went below 1500 $ dollars again.
I am reading that BCH friendly exchanges are under DDoS attack. Jihan has never dumped a BTC he mined. VER will dump BTc to zero, he just dumped 25k BTC to Bitfinex.
Bruh around what time will the Koreans cash out.
Haejin!! It just hit $2k!!! KABOOM is RIGHT!!!
Believe it or not, up to you...
Then this: BREAKING: China to give preference to Bitcoin Cash on regulated exchanges!
I sold way too early, even after all the charting on my own and following of your charts @haejin. Clearly the lesson is to gain confidence in TA but also learn how to sell into profits more carefully. Never has success stung so much. ;)
And you shall!
Good Analysis. YOu called the correction previous to when it happened. It is crazy what is going on but it makes sense. From a fundamental standpoint all the unconfirmed transactions piling up on the Bitcoin network there will continue to be a mass exit out of it.
I wish you MASSIVE profits!
Welcome to my blog. Please consider reviewing the turotiral videos linked at end of blog.
Do you think it's putting in the C wave now and then will resume up? Or is that too quick for an A-B-C correction?
The hurry up and wait syndrome could be in play. i'm traveling now but will get back later tonight
ok, with the hurry and wait, does it continue to drop?
do you ever see it spring up within hours of hitting the projected bottom of the handle?
C has to be below A, right? If so, then it does have to drop lower.... I feel like I'm learning!
Don't forget about the hurry up and wait syndrome.
YOURE ALIVE!!!!
on my way to sandiego
in Denver for connection
do you do meet ups or something? or masterminds?
Can you quickly take a look at my BTG and NEO posts?
https://steemit.com/bitcoin/@cryptosuf/btg-update-bitcoin-gold-cup-and-handle-forming-very-well-so-far-bullish-technical-analysis-using-elliot-waves-and-chart-patterns
https://steemit.com/bitcoin/@cryptosuf/btg-update-starting-to-buy-in
https://steemit.com/bitcoin/@cryptosuf/is-neo-ready-to-shoot-up-find-out-in-this-blog
Please give some feedback.... is it a good time to buy on the BTG cup and handle form
Is Bitfinex exchange stuck?
good
bullish flag
at the end of a cup and handle....how long does it take before it shoots up??
does it happened at the end of the handle? or can it take days after the bottom is reached?
this is the handle I think on the CUP & HANDLE... I think...
I called this 2 days ago!!!!
@haejin
Haejin, with all the alt coins down quite a bit it seems they will soon bounce back as usual. Any one or two in particular will increase the most in next few days or so? Thanks again for your time!
Wow I thought we might be going to 4k yesterday. Unfortunately I had my first bad Bittrex experience. I'm going to blame it on my cell phone service this time. It seemed Bittrex was lagging so much yesterday. I was at a family gathering watching the markets on my phone when BCash hit 2497. I was trailing with stop loss. Changing it every few min as it kept going up. When it hit 2450 I set my order for sell at 2400. But as soon as I confirmed the order. It was at 2350. Than I set again at 2310. Again it jumped down as soon as clicked confirm order it was now 2275. It happened three times and finally the the sell order went through at 2107. I was yelling at my phone and about to throw it against the wall. Yes I am happy to have made profits but I left alot on the table. Anyone have any recommendations for an exchange. I hear kraken has more tech issues than Bittrex.
All exchanges were clogged. When the TRUE correction happens, all exchanges will be at a stand still except Bitshares
Consider using www.bitshares.org DEX exchange
Yes I see the best thing to do is try to prepare for it and pull out of the markets completely before the correction. I will sign up to bitshares but when I checked it out it seemed they have a limited selection of coins. I hope they expand that soon.
Kraken is horrid...lost thousands of dollars because it didn’t take my trades. Sometimes it repeated the transaction and I had to rebuy or resell with fees again. Just e mailed them this week to tell them they sucked!
5 waves are done. A descending triangle which means the direction is downward. Thoughts?
Close. Wave a should be where c is and so e is not yet started or just starting.
Thanks for the reply. May I ask what's the rule to put a in position of c?