SUMMARY
Change is the only constant in a trader's life! Actually, that's a Universal constant! To that end, overnight prices did what looks like a bullish wick and price as already come back into the triangle. From current levels to the top of the upper triangle line is only $68 away and should be easily breached.
The MACD below shows what a cynic could accuse as being a bad and wrong call! Well, if that cynic had a positive mental attitude and fortitude to learn something, his cynicism would be washed away. Remember, Technical Analysis constantly adjusts for the changes and slightly adjusts or realigns the probable price pathway.
I've updated the MACD labels and the destination remains original. I've consistently said that multiple pathways lead to the same destination and here is a prime example!
Bitcoin Cash (BCH) continued chugging upwards overnight and is now correcting in a healthy fashion. The video as all the details but I've raised the target to $2,296.
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
Follow me on Twitter for Real Time Alerts!!
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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.**
A bit out of topic.
Found a great picture showing exact timing of Poloniex "wallet problems" with BTS. I don't like conspiracy theories, but I think picture says it all.
To me this would make me move my coins to poloniex to capitalize on this issue lmao.
BTS to exchanges is what Dash is to PayPal and bankers. This kind of actions is to be expected. Plus BTS is still a growing project. Some of them could have been real issues blown out of proportion.
@Haejin, I got hit by suncontact (SNC) a few months ago... I did not invest a lot... but anyways I see it forming a Cup & handle pattern maybe?... It did 100% in the last week or so already.
What do you think
That’s for the valuable info...Bitcoin cash is looking really strong and the charts look promising. Will you
i am always appreciate your post...cause your post absolutely funtastic..✌✌✌👌@haejin
Awesome. Thanks for the updates and education. Learned a lot from the the latest video. I want a blue line not a red line! haha
Nice update, thanks! BTW, title says "evening update".
That was pretty fun to look at one trader selling 200 BTC at 8080 then 8075 then 8074 lol
I guess he was trying to dump the prize below 8000 or so but stopped selling when only 50BTC where sold.
Thank you!
yipeeeee, BRX has pumped up
PMA PMA PMA PMA PMA PMA PMA!!! :)
Happy holiday!
many up trend patterns have broken to the side, i see this as a top
Thanks for update! One question: https://prnt.sc/he9v5o
How XVG price is dropped cause the rob of many people's coin who had save it on coinpouch app. Can you may-be make a analyse about this? Cause many people are in panic and they selling there coin.... Thank you for you efforts.
Thank you Haejin! I would be so happy with an update for XVG and LSK!
Both are not doing what i was hoping and i just want to make sure if i can keep my dollars in there! I have patience and wont let the emotions take over but some comforting words on this from you would be great...even if its 3 words haha
Wish you a very happy Thanks giving day!
Thank you Haejin!
Wish you a very happy Thanks giving day!!
One of my thanks giving this year is to have entered into cryptos but from the hand of your knowledge and your philosophy of life. Thank you!!
Thank you! Looking forward to offering you a well deserved beer.
Haejin what does BCC look like against Btc instead of usd?
Massive Thanks to Haejin.
I really appreciate you taking the time to make these videos and share with us your knowledge on TA. You have inspired me to become better and its a great tutorial and real time learning watching videos. Now, to MASSIVE PROFITS!!!!