SUMMARY
For Bitcoin (BTC), keeping the price above the long term trend line is paramount. The below chart's Elliott Wave short term cound still stands and IF correct, the $8k should be tagged.
From an awareness pespective, keeping the below upward pointing wedge pattern would be helpful. The pattern looks very formed so expecting a minor correction would be prudent.
The smaller wiggles and squiggles of short term price could jive well with the below chart showing the subwaves of the D and E waves.
Here is the zoomed out view of how it all fits in as shown in the yellow circle zone:
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 should 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.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
i get more excited with each of your posts lately. there is pressure building and lots of positive sentiment. fingers crossed. thanks for your great analysis.
WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION!!! 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 @Haejin & @StarJuno now. Do not UPVOTE or TRANSFER any FUNDS to these accounts. Any money you send to this criminal organisation can be traced back to you.
https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
UPVOTE this WARNING to make sure others know about this.
Here's an addendum to my comments a few days ago guys...people are drooling at the chance to get it...it still isn't that easy to get into crypto, and lawyers are still battling it out with the SEC ans regulators to get answers so their investment firm clients can start trading...this isn't over by any stretch of the imagination...can we see lower lows, sure...but these articles of it going to zero is just absurd...cheers
https://theicojournal.com/morgan-stanley-traders-await-crypto-inclusion-will-be-better-than-sex/
WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION!!! 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 @Haejin & @StarJuno now. Do not UPVOTE or TRANSFER any FUNDS to these accounts. Any money you send to this criminal organisation can be traced back to you.
https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
UPVOTE this WARNING to make sure others know about this.
Plz update LRC ??
I see a big ass descending triangle on his picture...surprised that @haejin doesn't
Because he doesn't have a clue what he's talking about.
I think the opposite...I think he knows very well that the correction isn't over and I bet he expected how deep it's gonna go right when it started in December but he keeps this information away from his followers...at the end of the day Steemit dollars don't stink...
Good post brother,
Please check my post.
@haejin
WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION!!! 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 @Haejin & @StarJuno now. Do not UPVOTE or TRANSFER any FUNDS to these accounts. Any money you send to this criminal organisation can be traced back to you.
https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
UPVOTE this WARNING to make sure others know about this.
@SteemFlagRewards Comment Spam
Seems to be a very nice post ... Do you have some advice for how to learn crypto analysis? thanks.
Here is some ADVICE!!!
WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION!!! 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 @Haejin & @StarJuno now. Do not UPVOTE or TRANSFER any FUNDS to these accounts. Any money you send to this criminal organisation can be traced back to you.
https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
UPVOTE this WARNING to make sure others know about this.
I like your opinion about bitcoin @haejin
WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION!!! 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 @Haejin & @StarJuno now. Do not UPVOTE or TRANSFER any FUNDS to these accounts. Any money you send to this criminal organisation can be traced back to you.
https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
UPVOTE this WARNING to make sure others know about this.
@SteemFlagRewards Comment Spam
Now this is what I like about cryptocurrency - however "bad" it gets there's always people who are not only positive but also trying to encourage others! A fantastic quality I say!
Bitcoin will recover, I'm a firm believer of that.
What do you think about this analysis?
Nice analysis. Can you do for TRON?
https://steemit.com/tron/@linko-crypto/trx-btc-tron-correction-in-progress-next-target-400-sats
What do you think about this analysis?
would you please explain how to long and short Bitcoin on Bitmex ?
Guys do you wan free tokens? I invite you to check this airdrops channel, the channel is continously update https://t.me/gtga_channel
@SteemFlagRewards Comment Spam
Nice following the EW guidelines bud its not like your wave 1 has no structure at all for 5 waves, sub wave 1 is largest in your count bud. Go back and read the EW rules please cause your waves are always flawed. Your bigger picture is nice though although improbable.
Thank you for good information
@SteemFlagRewards Comment Spam
Coins mentioned in post:
Good information
Espero siempre su análisis para ver los gráficos porque me estoy aprendiendo mucho de sus post . Gracias @haejin