SUMMARY
Bitcoin (BTC) has been tracking the below Inverted H&S pattern quite well thus far. At this rate, the $11,800 should be the major resistance it'l run into in a couple weeks or so. The volume also has been confirmatory and as long as the volume for the Right Shoulder, RS, remains less than that of the Head, H, then I still maintain the $16,758 minimum target run for the IHS pattern. Looks very nice, so far.
On a shorter term, wave 1 and 2 seem complete and 3 should be in progress. IF this is correct, then price needs to put in a higher high; e.g.; higher than prior circled white wave 3 which was at around $9,761. So, the $10,429 is looking attractive.
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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What do you think it is going to do to the price of Steem?
@haejin, what's with Steem? It did not break 5.4$ a Steem. Why is that?
I'd love to see your take on FUEL right now. So far it's been quiet this month but I suspect that's going to change soon. Great job so far, you're tracking super close on most coins the last few weeks, keep it up and thanks!!
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I've been expecting this quite a while now. Thanks for shedding more light to it @haejin
Waiting for this for months! Thanks sir @haejin.
Bitcoin next target usd 12000/-
follow me steemit mate
Usefull post, thanks for share,, I appreciate this..
thankyou Haejin! looks like a potential 535 ABC right now huh? If we see a lower high at like 9400 I think we might be going down for the C leg?
Also, if you could have a look at SONM, that would be very much appreciated!
Thankyou again!
I've been expecting this quite a while now. Thanks for shedding more light to it @haejin
What do you think steams price will be at the end of the year?
right analysis and right prediction as well
Dope! I never missed the updates ever since I've been following you. Keep up the good work@haejin
Now Btc time only up up hehe
Thanks for the post and TA. Up it is😃
Thanks for sharing your expertise with everyone! Can you please do another analysis on EOS/USD?
Great post
excellent post
Good analysis- I mostly agree, but I'm pretty new to TA. Thanks for the links to tutorials, too.
Hey! What exchanges does he use? I can't find a lot of coins he speaks about on Binance.
You can search the coin on coinmarketcap.com and then click on exchanges to find all the exchanges that coin is listed on.
Of course, but I don't want have accounts on dozens of exchanges. I want two at most.
Your analisys is very good.
thank you so much to share your idea about cryptocurrency with us.you idea and analysis are very good and informative.