SUMMARY
Bitcoin (BTC) had completed and confirmed a smaller degree Inverted, Bullish Head & Shoulders and this has been shown extensivel in past posts. Price has matured now such that the higher degree of trend H&S Bull pattern is in the progress of getting completed. The blue line projects a rough pathway outline on how the Right Shoulder could complete. Recall, that a pattern requires completion and a confirmation. That confirmation would be in the form of price breaching higher and above the horizontal blue Neck Line. It would be quite exciting to see this in action; perhaps in the next few days! The volume confirmation is also following quite well. The completiong of impulse wave 3,4 and 5 could fit well into the start of RS of the pattern.
Zooming into the miniscule level of price waves, I've raised the top of wave 3 of V (blue) of circled 5 of yellow 5 from $11,170 to $11,466 or so. Usually, price briefly pierces the upper line of the channel prior to coming back inside and declining in a corrective manners as shown by the ABC red waves. These ABCs should match well with the endpoint of wave 4.
What I find quite exciting is the daily scale MACD! Note how the 9 day histogram (my early indicator) is very well into the positive territory (above the o.oo level). Almost 70% of the time, the 12 day indicator follows into the positive territory. That means there could be alot more of upside to come. I've drawn out a rough projection of the 12 day (white) and 26 day (red) pathways.
Here is the weekly MACD. I most favor the MACD because it's like having three indicators in one. The earliest warning system, the 9 week histogram moves and turns first ahead of the 12 and 26 week. Tis means that the histogram length is getting shorter and so the earliest signs of a turn at the weekly degree of trend is now showing. What does mean? A very nice trend reversal or the resumption of the original trend.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It shoud not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.
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Back to 20
BCH/BTC
Right, the forest and not the trees.
I keep drawing this
Low volume at C
I prefer not to use coinbase price feed. I prefer bistamp as most representative:
Well done!
busted through 11k like a hot knife thru butter...let's gooooo!!!
How To Easily Trade Ethereum/USD on the Daily Chart!
Wow i like that possibility, good eye
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up vote and resteem..
Good post 👍👌, Please upvote back me, @hazmisyahputra, thank you.
you man :)
Whatcha talking about FOOL!
Mr. T!
about you, my bitcoin teacher @haejin :)
larger degree HS looks really appealing couse ABC correction would be fitting exactly where the RS.. hopefully....
looking good
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Hi, I know it isn't really relevant to your blog and it probably is beneath your notice, but we are trying to grow a community of classical music lovers and classical musicians at the #classical-music tag. If you are ever interested, please take a look in!
Great technicals.
yes but can u please tell exct Target....
this is TA which goes with possibilties not certain senarios
Nice calculation,hoping to bitcoin hit 11k in few days.You are very efficient analyst .Thanks to you for such useful post.@upvoted and resteemed
Thank you @haejin. I like your post and i like bitcoin. Greating from Indonesia.
Looking good. It looks like wave 3 of 5 of 3 is just beginning.
surelly it did
@haejin u r the one who makes me fell in love w/ EW... If I did have the money i would surely buy your recordings, it s cheaper for me
Start with the free tutorials linked at endof each blog.
:)) I had done them all LOL..
at the same time this wave 4 seems to be like asc triangle to me ... anyone alse???
Good and intelligent post
Any thoughts on this past overlay by Yerb, on BTC?
The only thing with "ghosting" is I prefer the Hurst Cycle method. Look into this as you might like it.
Interesting info! Thx
rewardpoolrape, nothing better to do?
very detailed analysis - I like the multi views of the progressions you are anticipating. The MACD indicator has been a focus in my studies as well - my chart patterns are simple and long-term focused yet consolidations can often be mistaken for reversals without adding in the MACD as a filter.
I always focus more on longer degree of trends and thereby not get lost in the trees for the forest.
Agree with the bull count, but would expect a spike to the higher level,
then retrace to the levels you exposed
I got into a recent BTC position on the 12th, when it was at $8,733 - and it just passed $11,100. I'm loving it!!! 20% Profits in 5 days, and counting...
Upvoted and Resteemed.
Mr haejin i have only one questions to ask you, iv followed your blog since day 1 of me joining steemit, why is it always difficult for you to Upvote peoples comment on your post? Especially those reasonable comments that relates to your post?
Cant you see, you are losing enough fans and upvotes, unlike you, once you drop a post, before an hour time, it will pass $90 to $150.
Imagine you of all people droping a post,its more than 31min now, yet still $5.04
Start upvoting for people, show love to your fans by upvoting for them. Come on, you are a whale, you got nothing to lose.
And dont take it personal, just an observation, you still one of those i wish to be like but show LOVE to you fans
Just to be precise.
80% / 20% would be nice to see for the best comments, right?
Dude, at least give a balanced view! Everyday, every post had been downvoted. How you conveniently leave that out! What’s your subterfuge motive in posting your highly biased comment here?
Guess what? I’ll continue, in self defense to self upvote my downvoted posts ANd downvote back to the downvoters the exact equal or greater amount. Of this, I’ve warned the downvoters and they not listen!
Dude, I know - it depends on priorities. 😉
That was my bet on how to balance greed with gratitude. 🙏
Haejin does upvote for people. Apparently just not you! Exactly what have you contributed to the discussion? On Steemit, all have to EARN the right to request for upvotes.
He did spend voting power by upvoting commenters and followers during troll attacks.
I've reviewed your voting history...not a single upvote for anyone on haejin's blog...so what's your point? All followers in Haejin's blog help out each other but I don't see the evidence of you doing the same when we get troll downvotes. Where are you during those times?
WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX ENVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW this person now. Do not UPVOTE or TRANSFER any FUNDS to his account. Any money you send to this criminal can be traced back to you.
WARNING - WARNING - WARNING - WARNING - WARNING
I will advice you to please read my comment again, is like you dont understand what you read. Kindly read again tnz
No need to read it again because I see your intentions.
We’ve seen many others like you only begging for vote and have had enough.
You don’t belong here.
and you last paragraph is out from the pic, you trying to launch attack. Hahahahaha.
I agree. It is the best way for a whale to give back a keep Steemit moving forward.