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SUMMARY
Bitcoin (BTC) daytime price action enables the below chart pattern; an a,b,c,d,e triangle. This could be seen as a fractal to a prior triangle (Fractal #1). If so, we can use the subsequent price surge out and above the triangle as guide for the future price pathway for Fractal #2. This is my primary count with an aim towards $23,000.
The Alternate count is shown below. There could be an a,b,c correction via a bear flag. This would not change much given that once the five subwaves of the red c wave are complete, price will turn and run towards $23,000. This alternate count is a different path but destination remains the same!
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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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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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 LOVE BITCOIN. Bitcoin is Gold coin in our Life.
Check Bitshare... long run
Well,I would sell all my Bitcoin and buy a ton of Bitshares.
Huge % gains! 🚀😎
(Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.)
Thanks for the headstart!
Sold all my BTC and bought BCC today before the Crash coming because of the BTC Futures market.
I'm assuming you meant Bitcoin Cash (BCH), and not Bitconnect (BCC). lol With the wild ride of BCH, there is surely an opportunity to make money 'Day Trading,' and probably overall too, I believe you're right. However, I DEFINITELY wouldn't count Bitcoin out. For Bitcoin Futures to have a future, Bitcoin must have a future. There will almost certainly be manipulation, probably heavy, but if it crashes too hard they'd be killing their cash cow. Maybe the goose that lays the golden coins would be more accurate. ;-)
Yes I ment BCH, Bitconnect is doomed.
I would not count on BTC.
Thanks for the update. These are important times.
lol
Have been following your posts for weeks now and I've definitely learned a lot from you
Your Bitcoin morning and nightly updates are the highlight of my day! Thank you again Haejin!
Sometimes I wonder if Haejin says his location is “Jupiter” because he’s beyond the moon and lambos or because he’s from Jupiter, Florida LOL
EOS updates are the highlight of my day!
EOS
4.618 extension to $23
Wow
Indeed, this is the expected wave 5....what will the correction look like Though :/
Thanks mate!
first!
I was first but I did not want to comment :-p
your posts are always amazing !
.......... nemmau has no other posts .....
Anyone who wants to thank Haejin please look through his blog and upvote previous posts also. Let’s ignite crypto and Steemit from nova to supernova
Good job @Haejin, finally made it to mainstream! :) You're the man!
Wow, just found you trough libertyteeth and definitly will follow you. Thanks for sharing this interesting infos and sorry that I cannot upvote in the moment. This article would deserve it!
Steem to the Moon!
🚀🌕
@Haejin My friends and I are still holding on to BT2. Is your last graph still valid? what are your thoughts?
Respectfully and Thank you so much for all your advice and lessons
Great analysis, thanks!
I'm in Love with Bitcoin triangles! Here We Go Go consolidation wedge breakout to wave 5
yes Bro realy in moves toward the expectation of 25000$ in 2018
you see the ending year 2017 it goes on this expectation
BTC worth going to grow every day
my expectation is it will double in next year.Because of growing a good worth
@haejin Stumbled upon one of your BITCOIN videos on YouTube about two weeks ago. Since then there has been no looking back and my tiny capital has grown almost nearing 3x as of today. "Awareness is key" indeed.
Got my Steemit account activated today. So went back and did my part to thank you- upvoted most of the videos on BTC, BCH, ETH, XRP, and IOTA, and of course the tutorials on Elliot waves (..and will continue to do so :)). Thank you so much for sharing your invaluable knowledge.
As someone commented, the first video I look forward to the morning when I wake up and before I go to bed are your updates.
Wow. This post is so insightful. Keep it coming.
$23.7k by Dec 23rd? That's a pretty fast gain. At this point, I'm thinking that the bitcoin scaling issue is going to spread market cap into altcoins through 2018 until LN and Schnorr come online.
The proliferation of coins is reminiscent of the search engine wars of the 90's. I think bitcoin may be the Yahoo! of finance. Not sure if it will emerge to be the next Google of finance. Hodling all forks and several alts just in case.
Would someone mind double checking my assesment of BTS, I have it dropping to around .00002206 before climbing.
Mister @haejin, is it possible that bitcoin will drop between 4th-14th january?
They have arrived!!! Thank you for sharing your knowledge and looking forward to our coaching sessions.
Manuel
Thank you.
Thank you Haejin! I will upvote you on every post !
Many different lines of support on bottom of triangle. Maybe it will be your primary pathway instead of secondary? Great video
Hi everyone, I am trying to start a venue for TA learning. I call it Haejin's Sandbox, and I see it as a place where we can all learn from each other, recognizing that the Master can't possibly have the time for all of our detailed questions. I am hoping that this can get off the ground and be a good addition to the community. For Installment #2, I have kicked things off with a look at QTUM.
wowwwwwww, great posts I like to follow you
@haejin
What happens at $23.000? Time to transfer it into etherum?
What happens at $23.000? ▶️ People will sell Bitcoin to buy EOS! 🚀
I was going to ask the same thing. I've been considering catching BTC on a peak and transferring to USDT on bittrex and then when it drops buying the BTC back.
I just re-watched your video on OK Cash. I am already up 65% and still waiting for OK Cash to Kabooom but the you gems stashed inside that video (I think it is 40 min long) will be way more valuable over time than any profit from OK Cash. Thanks for your good work. If anyone has not watched your OK Cash video check it out, I have watched it 3 times now! https://steemit.com/okcash/@haejin/ok-cash-ok-target-usd1-32-733-profit-potential-check-out-this-elliott-wave-and-chart-pattern-analysis
Predicting Bitcoin is extremely difficult, so even though this only gives a rough estimation it does comfort me seeing that it is predicted to go up.
your post is nice yes many like. do not forget my votes yes
really a great tutorial!! thank you for the teachings.. upvoted
@haejin 형님 gazua~~~
hao hao~~~ thanks!!!
good
Thanks for the post! I only started here recently and saw some of your posts for the first time today. Very informative and interesting. I'm looking forward to seeing where BTC goes in the next few days.
Thank you! This is very enlightening :)
me sher
Thank you again @haejin.
Could you please take a look at XMRBTC? It's hard to get good new info about it. Thank you very much.
Keep up the good work
buy high sell low!
I am new to steemit and stumbled on this post. You have a new follower. Keep up the good work.
Thank you for the update .
Looks like @haejin has found some strong hater, too.
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thanks, please can you analyse Revain. Thanks.
Hi Haejin!
Registered in steemit just to follow you! Love your updates, thanks you so much, just resteemd your post :)
thanks for the info sir
@Haijen,can you include some time frames in your speculation next time? I can see the graph time frames but you never reference them and it would be nice to hear that. Thanks for sharing.
Btc to the moon .
Another great one! Can I request NXT coin please Haejin