SUMMARY
NOTE: Post Upload Duplicate of Monetha was due to lag in connection. Hence, the closeness in time gap between uploads. The duplicate has now been updated with Bitcoin Mid-Day Update.
While Bitcoin (BTC) continues to stretch higher in microwave movements as shown, to a longer term perspective, such price flicks have no bearing. The below chart shows the continuation of the three consecutive wedge fractals. Price has started to reach higher and is likely soon to complete blue wave 3. However, if this morning's post is correct, the wedge pattern could bring about the expected minor correction earlier.
The longer term Elliott Wave count is shown in the below chart. Wave 3 is targeted for $24,652 vai 2.618 x Wave 1; and so an all time high is projected. Wave 5 is 1.5x wave1 and so $31,346 by end of July or so is targeted. This longer term perspective is showing that whatever drama of minor corrections that occur in the journey through the higher degree of trend waves, matters none. It's almost like watch the flicks of fish out of the water.
Legal Disclaimer: 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.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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I am the true cryptogod!
My TA will bring you all riches. Fuck this imposter, I am the true leader.
Haejin sucks, so follow haejinsucks!
Everyone go look at my firecoin projections here
Increase from $1.76 to $2.27
Or check out IMX to look at a coin I determined to increase 165% from $0.002309 to $0.003829!
Do you have any concerns that we're lacking volume? If this is a 3 wave, shouldn't it be more decisive in volume?
Very good question! I think it's only temporary. The long term overall volume appears to be proper I believe, but I'm just a knucklehead. :)
A very good question indeed!
The wedge pattern was introduced for an approaching minor correction.
Ok thanks
@Haejin my friend. I find it hard to know what to comment on your posts. Am I only supposed to sing your praises? Serious question. Because last time I posted here, I was flagged by some of your worshipers and then you made a special effort to head over to my blog and request that I not advertise on your posts (which I asserted very clearly I am not intending to do).
I am simply providing your followers another perspective to consider, which you have verbally encouraged. I am thinking independently, also encouraged by you. And then, I am providing a detailed trail of my logic in the comment. But rather than spamming the whole post, I simply provide a link which the readers can click on should they desire to read more.
I was actually attempting to be considerate by NOT posting an overly-lengthy comment. And this was the gratitude I received? Why?
I do not desire followers. I do this for fun. I do this to broaden my horizons and others with me. I do this so that we can all learn together.
I do not need followers. I do not want followers. I want to learn together. I want to hear other people's thoughts and opinions. I want to listen to others. I want to hear what they say in my comments section.
So that I can learn from them. A plethitude of perspectives can only broaden the mind. Do you agree?
I do not need money. I do this in addition to a full-time job in hopes of helping and encouraging others. I do this because I enjoy it. Why judge my intentions antithetically then? Why make ill-assumptions and cast this judgement?
I do find it paradoxical, to say the least, that you, who encourage freedom, dencentrality, independent thought, inclusive perspective, and humility, seem to act anti-paradigmatically when approached with a differing perspective. I am not suggesting you are a dictator or narrow in allowance of outside views or arrogant. I am only suggesting that this is what it appears to me from the little interaction I have received from you and a few your followers thus far. Not good.
Can you please explain why you do not allow differing perspectives? Not to do so can become dangerous and, in fact, harmful to your followers as one-sided perspective always is. Please consider allowing a confluence of opinions in your posts.
Let me know. Thank you kindly.
Another great post. Don't mind the haters... keep up the great TA.
I still cant rule out Bitcoin 10,437 area or the deeper 8,770 area. The resistance at 11,670 area can bring 10,437 or more. Today closed lower than the previous day. It should bring some more bearishness imho. Good discussion. Thanks for all you do.
Today did not close lower than the previous day... Coinmarket cap:
One thing I have learned in forex trading. Never trust a brokers close. W/o a centralized market. Each broker can set times at their choosing. To each his own. I am here to do what I have done for decades, make money. I do not know know where Coinmarket synchronized its open and close. I do have experience on brokers screwing retailers by this method. Peace..
I agree with you on this. Coinmarketcap.com is an aggregator. They take feeds from many different sources and average them together to get a more realistic snapshot of true market conditions. They use UTC 0 for the closing time each day. Pricing is all over the place depending on where one looks - which is why I like this approach to crypto pricing... Peace.
I am using gmt.. in the currency market, most money is exchanged during the time the London market is open. It captures late Asia and early U.S. markets. A snapshot of the world. I Trade a lot depending on closes. I may not have the optimal time. I do not give anyone else that honor either. I am a watcher,, atm this is early in my schooling. Until I find better. I stick with gmt. For instance today, after closing under it. Bitcoin dropped further. That isn't conclusive on its own. Over time, its noteworthy.
@haejin you guys should work out an agreement like no flags on you if you spend half your voting power voting other peoples goood content to me this looks like the route to go down all these flags are cutting you profits in half anyways would end up making more this way most whales should be using around half there voting power on good content anyways it will be extremely healthy for the advancement of steem and its price
Update BitShares?
$300!
Good spot, may be worth sinking a few $$$ into this now.
I am the true cryptogod!
My TA will bring you all riches. Fuck this imposter, I am the true leader.
Haejin sucks, so follow haejinsucks!
Everyone go look at my firecoin projections here
Increase from $1.76 to $2.27
It's always worth it @rasor
I've been slowly 'filling my bags' with Bitcoin and a select few other cryptos. Although I'm hoping for the best, I feel that I'm realistic in saying that I am a long term holder and will hopefully doing quite well in the next 12-18 months (personally).
Great analysis of the charts and explanations of the projections. You have certainly done your research and know what you are talking about! I'm also glad that my projections of the market look kind of similar to yours, therefore I guess I gotta be doing something right! Keep up the great work and research. Everyone here obviously appreciates the insight and information.
Could you do a review on Ripio Credit Network? (RCN)
Agree! :) I've just published my latest bitcoin TA. I hope we both are right! :)
Thanks for the update Haejin; can't wait for this IHS to break; let the good times roll!
Sincerely, I think it is virtually impossible for BTC (or any coin actually) for surpassing it's ATH (all time high) just because general interest has gone WAAAAy down, and yes, it tottaly was popular ingenuity that made the price get pumped up to 20k
interesting content and good post
Please analyze cvc.
Impressive TA. I'll be following along.
Dear Haejin , I know that the error of recognition is always forgiven, but not so that you can sell your face anonymously at the price of altruism. The way you try to update patches continuously for hours is to pay a lot of attention to the many people in the community. I have been wrong and feel ashamed of it. And now I understand why you hide your face.
If you are trying to contribute for community purposes, just stop.
Hello there
I flagged this post!
Is i told yesterday i do not flag this posts because of the content, i am not here to judge your TA's
I am flaggin because i do not support what you are doing with
@ranchorelaxo
yesterday i was saying it was the 23th most powerful whale.
i was wrong i guess
according to https://steemwhales.com/
ranchorelaxo is the 20th most powerful whale now
i am going to research into the 20 most powerful whales and what they are doing on steemit
Lead by example
Peace
wonder what you did not like from my comments @erit2018 :)
anyways is nice to meet you
i am a SA in training , SA goes for steem analyst :)
https://steemit.com/bitcoin/@sakhisamid/paypal-files-patent-for-system-to-speed-up-cryptocurrency-transaction-times
This is a very valuable post!!!
thank you for sharing ,,, I am upvoting you............
Please read and decide for yourselves
https://steemit.com/steem/@mattjack/censorship-on-steem-platform-proposed-by-witness-bernie-sanders