SUMMARY
I've been calling for a major top at a Cycle degree of trend. Once this top is in (perhaps somewhere between $7,000 to $9,000), the correction will be a site to behold. The Altcoins will not represent safe havens and the video analysis contains the full details that are too much to pen.
The chart below shows an hourly chart and the white a,b,c,d,e triangle has all waves complete except wave e and this means a one more low towards $5,600 is likely before resuming up.
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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.**
Well I think the statement that will bring the price down has just began. Yesterday I saw a YouTube video stating that anyone dealing with cryptocurrencies in Indonesia will be in serious trouble. I've not confirm it though.
I've seen you write that statement about better to be out wishing you were in than in wishing you were out, but it was more profound to hear you speak it in the context of this scenario.
Thanks for your sage advice and for sharing your knowledge most generously. Here's to a nice slow ascent to new ATH to give those alts a nice bullrun...
Awesome analysis
Thanks for responding to my question in the video!
What advice do you have for somebody who does not want to cash out into fiat, but still needs some kind of safe haven? If the only recourse is to hold through the major dip I will, as I have done so all through 2014-2017 too, but would appreciate any advice! I will be buying some Bitshares as insurance, but do not want all my eggs in that basket.
Also, what about Ethereum? What does long term logarithmic Elliot Wave theory predict for Ethereum? The same cycle? I have the feeling that Ethereum is in some ways less linked to the success/failure of Bitcoin, and it is becoming widely adopted in a very different way. I would be interested in knowing if there is enough historic data to make a similar long term prediction as your main BTC one! I do see Ethereum as a potential survivor to any crash
haejin thinks BTS could be a hedge, but IMHO i think BCH could also be one.
Yup Ethereum.
You could put into USDT
Don't trust USDT when the entire market crashes
Hello everyone; @Haejin you said that an event such as governement regulation (in the USA) shall justify the forecast, a statement which I 100% agree with. However, what about european and asian holders? I as a European would not be that affected by such measures, would I? At least to a certain extent I guess. Remember China and the regulation of cryptocurrencies: BTC has never been so high!
Plus I must say I don't think ETH for one will crash as much as other alt coins because of its market cap (1/3 of bitcoin's). But hey, I may be wrong, just my 2 cents!
STILL, Thank you so much for your forecast on Bitcoin Cash! I made profit thanks to you!
@haejin out of curiosity I had a look at USDT and I see it has been reasonably stable: always within 10% of USD and most time well within 1%. Are you thinking about any reason why it wouldn't hold this time? I'm still following your advise anyway: better safe than sorry.
I saw too much of a negative premiums before on usdt.
Hi @haejin, I have the same question. I understand that USDT is pegged to USD 1:1, I have been using it as a hideout in the past. Is it safe to hide in case of btc major meltdown to sub 2k/1k? Thanks in advance.
I would add, if the Bitcoin correction is severe enough to cause exchanges to go under, USDT won't do you much good unless you have it in cold storage. At that point, why not have your money back in fiat in a bank?
I am having trouble playing the video... it says unavailable?
please try again, fixed it.
Same here!
Maybe it just has to finish uploading... I'll wait ;)
Hi @haejin, appreciate for the update as always. Video appears to be broken, can u plz check? Thx
Working for me
:)
Good thing that "EOS"is not an alt coin. Great info exciting times ahead
Thank you kindly.
Really? How so?lol
It is a token
Thank You Kindly.
Hi Haejin,
I found this coin running on its own blockchain, the name is Obsidian (ODN), it has a low total supply and it seems to be run by very smart people. Would you be so kind to take a look at it and make an analysis?.
Thank you.
Hi Melip, here is the analysis for ODN, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/obsidian-odn-when-will-this-long-correction-be-done-my-target-is-usd0-95-300-profit-potential
Great video. Explained a lot about Elliott Wave theory. Definitely will be "out wishing I was in when the time comes".
Woah.... is Haejin actually saying to go against his own protocol?!?!
Not really...:-)
Sorry I actually meant mandate... the Haejin mandate.... my apologies ;)
So if you sell your btc, will you buy again after the big correction? Because if I understood correctly, if Bitcoin does what you say it might, HODL may not be a good plan?
This is brilliant! Thanks....
Would love an update on EOS. I'm curious if your old analysis targeting $8 and $18 still holds.
Can u update the zen analysis please
Thank you!
A couple of my buy rungs were triggered last night on EOS. Looks like we might be seeing the beginnings of an impulse wave upwards very similar to your forecast from a few weeks ago...
Hopefully we will see this continue to develop!
Thanks Haejin, Thoughtful insight. Can you do a review about CVC, as it has some interesting price movements.
@haejin, BCH broke out. I am finally in profit. I can switch to another coin. You announced all those % profit potential for many coins. How do we go in selecting those?
PS: you don't have to be @haejin to respond if you know anything. Please share.
Thanks.
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STOPThis is invaluable information @haejin. I will endeavor to stay several steps ahead as you are. Thank you so much.