SUMMARY
I believe we will see All Time New Highs overnight or early tomorrow. If the below wave count and price pathway projection is correct, we can soon see $9,000 or higher. Not only that, but the MACD confirms this bullish and probable outcome!
Bitcoin Cash (BCH) also broke out of the symmetrical triangle that was presented in this morning's update. It has started and will continue impulsing upwards towards $2,068. I'm still curious what news or events will be named to justify how BCH and BTC are moving up in phasic congruence.
And this ugly picture....my free hand marking used to share a valuable experience I had and all the details are in the video!
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
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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.**
Happy Thanksgiving Haejin & All 🙏🏽
Same to you and thanks!
Happy holidays @haejin! and everyone else!
From North East, USA
Thanks ... For you too :-)
The second half of this video might be the most important information you ever NEED to hear as a trader. Excellent Video Haejin, Enjoy the Holiday!
Agreed. I was laughing at the start of it because he was literally describing me - I read @Haejin's post about a month ago on TRIG and decided "yeah I can make a quick 40% on that" and like an idiot for the first time ever I went almost all (90%ish) in - and bought at top just as it started to decline. Then after losing significantly on that as it corrected I panicked and went all in on another couple of cryptos seeking to instantly regain my losses and ended up wiping 50% of my portfolio value.
Until that point I'd maintained a steady 20-30% profit overall (beginner's luck) so it was a very strong and badly needed lesson. Since then I've maintained a reasonably diversified portfolio on reliable projects though I'll still play a couple of ETH every now and again if I see something with potential for quick profit/PnD (recently ARN, GVT and HST).
YES! very important info Haejin, you are such a Saint. The world needs more people like you. All the best
Happy Holiday Haejin.
Can you do ETH please. I was Buying ETH at $366.97 at X5 leverage and didn't sell any of my previous positions since $331. I'm thinking of switching to BCH but my noob self isn't sure if ETH has any short term mojo left. I don't see 5 waves completed on the short term charts.
Thanks in advance :-)
if you are not experienced please please i beg you stay away from bch when its pumped. Go to coinmarketcap.com, and search bch and then click markets. Look at where most of the volume is coming from raising the prices. Wait for it to go flat and calm down because they will get you to chase and cash out at the end of the day. Do not buy in this thing on extreme pump. If you wanna make money on it, let it sit for a bit and go flat and then purchase. Its the most volatile coin you can really be in at the moment. Koreans pump this hard for a long time and getting people to chase and then they will cash out.
2 days left to buy BCH at these low prices. Operation Dragonslayer is coming.
Another propaganda. People should be ashamed to support such hostile take over and BCHs plan to destroy bitcoin. Just like last time it will fire back. This is so unethical I can't even imagine it. Seriously sick and tired of support them damn chinese miners. They all burn and go to hell with the monopolistic ASIC mining machines.
Lol, this is the funniest post I've seen yet. BCH is the original Bitcoin. ALL propaganda is from blocstream/core, where have you been?
There is this guy people keep talking about, his name is Satoshi Nakamoto, he wrote this thing called a whitepaper. In it, it describes the original vision of Bitcoin, read it for yourself. DYOR. https://bitcoin.org/bitcoin.pdf.
BTW, while you are busy condemning people to hell, just remember, you have one finger pointing but there are 3 right back at you. Shame on you.
To the moon we go!
:))))
Haejin, Thank you and BTS is on fire! I have 22,000 BTS and I will get at least 100,000 BTS soon as you suggested. I hope to get them before it hits $.20. Of course laddering but that chart makes me buy more now!
Wonderful lesson...thank you Haejin!
I wish you MASSIVE profits!
When more and more money is pouring into BTC, its price will continue to rise. This is the current trend.
When BTC sentiment (not money) is positive, price rises. The input of money is a reflection of sentiment.
Bitcoin is th decisive derivative unlike the real estate package GE and reselling......... this is inpenetrablevand more important completely unknown and unknownable and forever immortal and trade able
Great news 12000 CAD for chryst mass
Thank you kindly
I guess BCH can't compete fair and square. But I don't see BTC being dumped right now. Far from it. Its still holding 8k plus pretty well. Last time it was different, what I do see is though 1.2 billion poured in to BCH today from koreas. I am sure there is something to it.
FEAR will find you nkd. Hope your not like so many followers of blockstream/core who scared you into selling your BCH after the fork or fomo into buying BTC at the top.
I can time travel, I just went to the future and came back, you are still a follower and not a leader. BCH is the future.
@Haejin, no news. I thin bitcoin will be seen as GOLD 2.0 and bitcoin cash will be a payment system. Plus Japanese buy Bitcoin and Koreans pump BCH. and less and less people are dumping BTC for BCH now since they got the bad press about segwit2x conspiracy and after the price was pumped to 2400 and lot of people lost their money. It was all over forums and they got called out for it too on twitter in alot of the comments so I guess that is the news to justify it. BTC community will stick to BTC and BCH will find its own position. It is mostly purchased and traded heavily by koreans. Today they poured almost 1 billion in it. Hence the price pumped to 1500 almost
The clock is ticking...
@ echung -well time is the 4th dimension.........why you watching a clock ..............if you can Time travel..............induce a plot.....then follow the line executed parrellel ,however on the spot.
The Plot anD TombStOne ...May Read ..R.I.P- BCH
Great Great News My friend of thy future, however
"the future and the past is indeeD yesterdays news the present is where we make our Move".- a Whiteflame99 quote
Thank You Kindly
great vid @haejin. Just got into the crypto trading less than a month, and these type videos help. happy turkeyday to ya !!!
🐾🐈HAPPY HOLIDAYS...IF BTC AND BCH will reach those new highs...that is WAVE 5? Then a major down correction to WHAT? am I correct.....and then what?
Happy holidays for you @haejin and everyone here! I'm very grateful for all the lessons and for your time and the care about your followers here.
PS: I'm tracking DATA coin. If/When you find viable to analyze it I'll be very thankful.
Great Points! People should always diversify. I personally have most of my money in big cap coins. A few mid cap. With 10percent in small cap coins. 20 percent of my portfolio is for trades. While the goal is to make money it more important not to lose money and minimize risk. Patience is key. I've learned to take profits when they are there. Greed has take opportunity from me a couple of times. Its a good thing I have a natural fear of losing money that keeps me from going all in on any coin. I got a little loose after I had some big luck on my first trades with bch and monero back in August. I had doubled my investment in month. A couple of bad trades and then the China announcement was a glass of Ice water in the face. I have learned to keep some of my profits in fiat. So I can shop when the big dips come. Unfortunately it isn't always easy to catch all the pumps. Especially when you have a family and a full time job. I've missed a few opportunities because I wasn't even looking or I'm not home and the coins are in a wallet at home because I will not keep to much on an exchange. I missed the neo sell opportunity at 48$ because I keep neo in the neon wallet earning gas and I had no access.
Haejin, Another great video from you, thank you for your words of wisdom and experience. I am so glad to have found your blog, you are a true SENSEI!
Thank you for you continued great work.
If you have time, could you please review Iconomi's chart. It looks like it has started the first wave of a breakout.
Thank you Haejin. I've just cashed out my BCH profits, "humbly" as you always say. I still have some more though, I haven't sold everything. "Just in case" there is an outstanding bull run. I'm now laddering for the correction. I won't be mad if it goes a little bit higher before that.
And happy Thanksgiving from France ! Have a nice time.
We have a lot to learn from You. Very hard translation, I don't understand many things. Here You are giving lessons on the stairs, I understand you are showing the point of entry into the market, and how to understand when to close positions, and now You show up at BCH five waves are subway when 5 wave to end, you have to go, wait for the end of a correction and get back I understand You correctly after the pulse, e.g. for BCH-2068$ You go out, the correction ends You go back up the stairs. And You don't care how big the wave 1 or 3 , you go to 5 pulses make small profit and get out in the correction. That is money in one coin does not lie, it doesn't matter how big the wave 1 or wave 3 You are working with 5 pulses, How do You close positions?
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STOPHappy Thanksgiving fellow Steemians and Haejin!
Thank you!
I've just seen this shared on Twitter (via https://twitter.com/Sicarious_) which is relevant to the message in 2nd part of video:
Happy Thanksgiving to you @haejin! I am grateful for your willingness to share your tremendous experience and insight. It is a beautiful thing and I wish you the best success in your quest to help and do no harm. I think you are well on that track. Be well my friend!