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SUMMARY
Check out the day time price action for Bitcoin (BTC)!! Price broke out of the bull flag pattern decisively! I believe blue wave 3 is now well in progress and I've added the white sub waves to detail map the trajectory. I expecte $23,000 and let's see if this target gets hit in a few days.
The below shows how another pattern could have been used to delineate the current price surge and forecast it. Look how the surge was a decisive breach of the upper triangle line!
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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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.**
I bought in on your say so a few days back. :)
I also put some $ back into BTC in my portfolio. Read more in my analysis here.
Comments are welcome! Upvote you!
district 0x
TA?
i saw it pop so i waited for the correction (possible wave 2). this is my take on DNT against BTC chart. for USD, i think it's trying to form a cup
Im finally getting the pattern with BTC and alts/btc......Blessings, i was using tradingview for first time drawing my lines and waves.....Love it, thank you so,much Haejin im so,excited for what im learning and in turn now teachinh others......Much love and blessings❤
dear Haejin,
i have been looking at your amazing technical analyses for a while with great interest, and notice the remarkable accuracy while retaining a very calm (zen) and authentic perspective <3
i am currently using very simplistic methods to invest and gain from crypto's and i was wondering if you can share with me (and all your followers) some more advanced yet easy to use and decent tools that are out there that can be used to more easily invest, trade, get notifications, etc
i am aware of some tools, such as coinigy, but am unfamiliar with it as i am very new to this and am not sure if this is the right tool for me ... and i'm not sure if i want to try out every tool there is to find the right one :)
i feel that you have a good grasp on which tools get the job done easily with versatility ... as the tool that you use in your videos seems very intruiging and easy to use and sophisticated at the same time ...
if you have already shared this information, please send me in the direction of where i can find this :)
if anyone else would like to recommend any tools, please share! <3
thank you
<3
Teasy
www.tradingview.com
thank you, Haejin ! <3
I overheard someone at a school event last night talking about crypto and how they were going to hit it big with a new ICO coming out. This comes after hearing a couple stories/mentions on NPR over the past couple weeks and also even an interview with Gavin Andressen on our local rock radio station.
Do these contribute to your "shoeshiner" metric at all, Haejin? I am trying to be diligent and cautious and am wary of things overheating.
Awesome couple days for the alts while BTC was taking a breather. Thank you immensely, kind sir!
I think it's a beginning. Netflix was hot 2012 and seemed like overvalued. But it went further up. We also have a coming market crash within the next few years due to Central Bankers meddling with the economy. Personally I'd give at least another 2-3 years for things to blow up.
Yeah, I still think there's plenty of room up as well. It's just a stark difference from a year ago when I got in and I felt like I was pretty late at that point even!
Thanks man, just spent a couple hours going over your tutorials and doing some of my own research. Let's hope you're right!
Thank you.
Thanks again @haejin, could you maybe so analysis on METAL (MTL/USD and MTL/BTC) next pls?
good information in this video.Thanks for sharing.
Right again. Spent a day waiting for the triangle breakout, coming by the computer every hour, finally went to bed, woke up to find bingo. Let's hope that this ends the long sideways stasis. We need to climb to 250 k next year ;)
Thank you!!!!
you are seriously amazing. is there any way u can update ltc or eth on coinbase charts? starting to scare me a bit...
Looks like Litecoin is forming an inverted head and shoulders pattern?
THANKS LOTS!!!
Thank you for doing what you do. It would be great if you could review BCH?
Thank you!
haejin, you are the BEST!!! please tell us there is a very little chance of it going down at this point. Thanks so much, if BTC goes where you forecast I will be happy to share some of my gains with you. Blessings.
It will be interesting to see some combination of Elliot waves with Fibonacci levels in your analyses. I prefere to use Ichimoku cloud with MACD,RSI and AO oscillators. Here is my last analysis.
Be glad ti get some reviews.
Hi Haejin
Can you comment on the difference between USD vs BTC chart analysis. For example PIVX chart between USD vs BTC is opposite in direction. Which currency do you weigh you analysis on?
Thanks
Good Morning @haejin. Some nice fractals like structure here.
How this count looks like?!
BTC correction will happen, a healthy one.
In how many hr from now do i should expect the dip to 16k/16.5k????? Can u update LTC AND ETH?
At which level in how many hr times from now.???