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SUMMARY
For awareness sake, I present three price pathways. Awareness keeps the panic away and for that reason, these three should allow you the degree fortitude should the primary pathway not manifest.
Below chart is my primary count. Note the bull flat and the a,b,c,d,e markings. Note also the near oversold nature of the MACD (blue circle). Once the bull flag completes, I expect price to put in $23,000 and then $26,440.
This is my first alternate count where there is an a,b,c, and this should take price lower than the red A wave. if so, now biggy, the destination hasn't changed....that being UP!
Here is my Third count, and the small Head & Shoulders could put a little pause to the uptrend. If so, price has minimum price move potential for $14,161 or so. However, this is the least probable for me, but for awareness sake, these pathways coudl keep the panic away!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
can you review ETP please
Yes, I HODL it, too, but I think that it is not yet ready to be reviewed. Wait. 🙏
Yes please review ETP
I had some extra time. This is only my point of view. Your decisions are your own. It could be like this;
Can you draw some patterns ?
I see a list a cup and handle and the triangle
Look at the lower top in the MACD, this is a bearish sign.
Thank you for the technical analysis.
thanks so much @haejin. you're videos are GOLD.
With everyone you've helped.. you're never going to finish your beer lol.
you're the best mentor ever bro.
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STOPAwesome analysis, Mr. Haejin Lee!
Well, the last bitcoin of the 21 Mil won't be released to miners until the year 2,140
Hi @haejin
I read in one of your blogs that btc crash to 120$ once it reaches 30k$. Is that still on or it will still go to new highs before that crash ?
Not exactly any more. Flexibility is key for technical analysis. Yes, a top is coming but not to the same values I had forecasted a while ago the values have changed and as we get closer I'll post
@mkcrypto Do you have a link to that page? I'd like to read it myself :)
Congratulations Haejin on getting to the trending list! You deserve it! Thank you for all that you do for us.
wonderful!
also BCH that was not expected- i was shure it will go down to 1200 and then burst up
and LTC that will shoot up just gathering strenght now
Litecoin is getting rid of all the weak hands, taking profits away away to early, how they are goin gto regret it when it hits $1000 by feb. Peoples greed think they will make more money on the new coins...lol Litecoin is well established, 2018 is its moon, $300 aint even close.
Got you at least 10 new followers this week, you are much appreciated
I wish you MASSIVE profits!
I surely hope the last doesn’t happen. If it does, it’d be good opportunity to cash in alts for BTC then ride it back up
How do we know which of the 3 pathways it might take? Is there a price that is a clear sign of an upwards trend?
Please review my tutorial videos which will help you to understand my analysis
I like to take EOS as the 4th pathway...
his first pic is his primary count, meaning its the road he believes it will MOST LIKELY take... not meaning it will 100% but he's usually right to an uncanny degree. theres not a specific price but a specific move that can be a clear sign. You can also watch his videos found at the bottom of his articles that are his tutorials on many of the lessons he's learned and how-to's on Elliott waves.
Lol...I made the gamble on LTC from earlier blog...I'm guessing like BTC...It may stall out a bit also...thanks for update.
Me too. Can you update ETH? ????
Me too!
Thank you very much for the time you spend doing TA, explaining, teaching and uploading this valuable information. All the community and everytime more and more followers appreciate your kind and generosity.
I wish you MASSIVE profits!
Thank you Haejin.:) With New Years just around the corner, it would be interesting if you could do a blog on what to expect in this market in the coming year , and which other digital assets (in your opinion) have the greatest potential to boom.
Once Eth is done running, I think LTC will move more, than BTC.
And in which levels will be the dip for ETH to buy back in????
Thank you so much Haejin! Would you be able to do an update on BCH please?
Please review the past 3 days of blocks BCH has already been reviewed
Do you have any posting here that is a tutorial on ETF’s?
Thanks
Hey @Haejin,
What do you think of IOTA? Here is my TA based on what I have learned from your tutorials.
I would love to hear your & other steemian's opinion on this.
Well Done!
Yeah iota is going to pop. Going to be epic FOMO in 2018. What i have noticed is people dont even read the white paper they jsut want to be part of something. It really is a lottery, but as Andreas said Bitcoin is 7 years ahead of all of them, once it cracks the scalable code then BOOM!!!
those trading LTC be carefull on bittrex price is 283 when on trading view is 301
This is truly a great time to be in altcoins. All the coins @haejin have projected for massive profits are on the rise now.
Alts moon when BTC need a break. Thankful to @haejin the teacher of great calm in such events we can see it in the charts and not be scared :)
Thank you so very much Haejin
What are your guys thoughts on the 1250 BTC wall @ $17250 at GDax for two days in a row?
What do you think about the Trading on Futures BTC ? What could be the negative effects for Bitcoin ? Thanks!
Futures means leverage leverage can amplify the affects of buys and sells and add some more volatility but will not change the fact that price move news and never the reverse
Allright Thanks haejin ! I'm so happy that I have found your Blog. I started in September with buying crypto and I learned a lot so far... Next step for me is to try to learn TA.
Thank you!
Seems BTC is gathering momentum for and another serious uptrend, let's keep eyes on MACD turning to blue
Haejin why no BCH anymore? are you against it or something? seems strange like 1+ week no comment on BCH
I posted on BCH to three days ago already
I'll take the first option please :)
@haejin I found you through YouTube
Welcome to my blog please make an analysis request if you like
Thoughts on neblio (NEBL)
Overnight, it looks like BTC put in an ascending right triangle pattern at the .236 fib retracement level. It's currently breaking that resistance and moving up. If so, the minimum target for the next leg up on GDAX should be ~18,500.
Its funny how different the BTC/GBP is to the BTC/USD. Gbp lookings like a very BULLISH flag, like it is amount to CHARGE.
I have a feeling this is going to go up like a rocket now all the weak hands have left. Looking forward to your analysis.
Keep up the excellent work