SUMMARY
IF price breached the upper white line of the wedge pattern, it could do so within the current retracement. The below chart shows the last two boxes at which the breakout can happen. Note the MASSIVE volume spike which is indicative of an approaching bottom. IF wave 5 is complete; more serious upside actions can be expected.
The width of the wedge triangle is used to measure an approximate breakout price distance. IF the breakout occurred at current rise; the target would be $17,195. The green vertical line which equals the widthe of the wedge at the widest point is placed on the estimated point of top line breach. IF price decides to decline to gain greater proximity to the Apex; the blue vertical line would represent an approximate breakout target.
Legal Disclaimer: 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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Thanks for the wedge measurement and target.
#Bitcoin Price Cycles
After a 1067-day bull market, a downdraft which is spot on previous bear markets in depth, retracement.
My old friends in the hedge fund space would love the Fibonacci 0.618 bounce.
If I were a betting man, I'd say we've seen the lows of this cycle
What a noble response to the downvote. You upvoted yourself just enough to cancel it out. This is (kinda) how the system should work. Thanks for being cool, betting dude!
Wahey I've had my first down votes for my previous comment even though it wasn't directly related to Haejins analysis, i feel honoured.
If you are involved in crypto you are a kind of betting man... I know I am.
Moment of silence for the weak hands the sold the dip
Yes! Many people thought that btc will sink back to $1000 this sensitive time.
The weak hands will watch how btc and other altocoins fly to the moon.
The patient dog eats the fattest bone.
My primary count calls for one more low like previously mentioned. 5400 here we come!
thats what im banking on too.... i missed that 6k dip
mmhmmm!
Many Thanks All The Time. ^^
BUY an HOLD to die
You have a lot of posts and I haven't gone through it all, but do you do similar things with steemit currencies?
Yes, he covers many cryptocurrencies. He has posted about STEEM several times in the past.
Cool. Thanks. I'll just have to search and take a look.
I believe a second inverse head and shoulders is in the making. First one was from 6k to 7.5..now we are heading to 9k,when reach there after the current retracement, it will complete the second one. Hope it will be confirmed with price and off we go to 12 to 14k which fits to master @haejin's target.
i see it too. i hope it does that
Its a very informative post sir.I always follow you since i joined steemit.I like your analysis method.It is quite helpful for the crypto related people.I can say to all of your follower that they can rely on your analysis.@upvoted
@haejin, the blog post proved to be very useful to me as i had a major investment in bitcoin bfor now. Thanks and i would love similar posts like this one on your blog subsequently. Just upvoted the post
$5 - $6k Bitcoin Please!
The bear mentality has got you...lol
previous analysis still holding strong .. https://steemit-production-imageproxy-thumbnail.s3.amazonaws.com/DQmdjKfMFsjKdao8hZmddRFcfPjriKV2d5DuqupsLp7CYEb_1680x8400
When Lambo?
thank....for your infomations
he'll breach straight around $9000, let's be positive... I believe! :)
Does this not contradict your previous video where you spoke about another H&S fractal and another lower low. I'm confused. 2 videos in the same day that put price and trend at complete opposites of each other.
They are possibilities. Don’t follow Haejin expecting him to show you the right path, he is here for guidance. It’s your responsibility to make your own decision and not blindly follow someone who just posts possibilities. I Love Haejin but he makes these to keep you aware of the possibilities, not to tell you what moves to make.
@bitshareboy That is exactly the right approach to take. Anyone using Haejin's guidance needs to be prepared to put in a lot of time learning. The prices that he posts are based off of Fibonacci ratios, and can change if the waves don't develop as they were developing at the time of posting. It's about probable outcomes.
I appreciate that but there is no mention of the previous video here which can make it misleading. If he is showing an alternative path\count then saying so would be useful. I appreciate his work too but this video can be very misleading. To the apex we go.
Haejin considers different probabilities in his posts...he tells you what to look out for if different scenarios occur. This way you can be aware of the probable outcomes for different events...If you're confused watch back Haejin'd analysis few months back...he is very consistent in his approach.
Watch the 2 videos in question you may catch my drift so to speak. I know he is usually very consistent and have followed him for a couple of months now. Just my observation.
For longtime followers like me, this is apparent but for those who are newer, I think there is value in pointing this out now and again.
Do you have a crystal ball?:)
I always wonder when speculations will end. There are reasons why some Altcoins are way better than Bitcoin. So probably after the informations are getting to the "crowd" Bitcoins only reason to be this high is: Because other currencies are connected to him in a way of exchange. After a lot of coins are getting exchangeable with fiat's. In my Point of View the Bitcoin doesn't get this high anymore. But nevertheless I think we are years away of a good fiat infrastructure.
감사합니다. 긍정적이네요. 돌파만 된다면 기대됩니다.
wnice work dude
thanks for sharing...
Well, i think its gonna be down one more and could go up massively.
So if the price pass 9000 would be a good time to buy?
Hey guys...best explanation I've seen about Bitcoin and the underlying technology
https://www.cnbc.com/2018/02/07/winklevoss-twins-bitcoin-will-be-worth-40-times-current-value.html?__source=sharebar|twitter&par=sharebar
Thanks mate!!
Are we now dealing with a new trend line bringing us to a new closer apex?
Thanks, can we do one for NEO, it seems like it's forming a H&S
THanks for your updates.
Can you mark up Electroneum (ETN)?
I've been tracking the waves, they are looking very very good.
I seriously hope so.
Looks like the wave's going to hit 9,000.
I have traced this way, it is similar to yours. I would like to know what do you think? Thanks. https://steemit.com/bitcoin/@abeslowhand/analisis-btc
Do you think Bitcoin will hit $50,000 by the end of 2018??
https://steemit.com/bitcoin/@stevensteel/experts-predict-usd50-000-bitcoin-by-the-end-of-2018
this good information, i like it..
thanx
Correct for target does not prevent obstacle
really very useful information thank you very much
Hey man, I think Bitshares is more important than BTC. Let's see more of those TA's. :)
I think that BTC is more important because Bitshares without BTC is nothing.
Well that kind of applies to ever coin due to BTC being paired to everything. Don't you agree?
Of course. They all are following BTC steps. Compare the charts and see for yourself.
We typically wait for BTC to start to stabilize first then our coins move based on hype, TA or news of some kind. I would soon like to think that BTS will move independently from BTC based on some things BTS is working towards. But, I know it is everyone's dream for their coin to move up so I guess we will see what happens.
It was the first wave for BTC that made it possible for so big correction. Since it was so deep, it made everybody scared. Now with the next waves the lower level is going to increase and altcoins can live their own lives.
Yall want that free crypto fundamental analysis? https://steemit.com/bitcoin/@investingtips/free-crypto-fundamental-analysis-videos
i would love too, but i am patient so i wait it rise ;) would love to see BTC finally going up again, didnt changed its behavior in dips: going deep and recover fast, hard to buy the dip without sitting on the pc all day or having some buy orders placed! finally all my buy orders got filled... was maybe too much of the good xD
BIG THANKS to @haejin for recovering my rep, was really tired of getting downvoted from the botarmy, thanks @all who flag the bots and re-upvote hidden comments! made my day ;) beautiful day to all of you!
Cheers! I followed you and will resteem your content from time to time. :)
What's up with BTS, it was dead for years and just resurrected out of no where, BNB coin is more fundamentally promising long term to me but I'm still looking for a good entry into BTS
It's always been around but clearly no one talks about it. That's due to the fact that there is no marketing. However, it's not as terrible as it sounds. We have voluntary help from Michael Taggart and Stan Larimer who have been out getting deals signed and working on getting BTS and all the BitAssets on other exchanges. The news is hidden from the world unless you are on the bitshares community telegram chat. The Liquidity in the DEX is about to blow people out of the water and FOMO will happen. I feel it.
It looks like an attractive coin for a long hodl... CEO of Binance has mentioned multiple times they're developing a decentralized version of Binance but BTS will probably already have a foothold by then.
Right, we already have a working product. There are still some bugs being worked out but we will have UI upgrades and TONS of new money coming in with the deals that Stan and Michael are making. When they hit, Bitshares should be on FIRE! ...at least that's the speculation. It will be interesting to see how Binance and others try and compete. But the more research I do on BTS, the more I realize I just invested in my future retirement. And EOS of course. Best of luck in your investments, man!
Thanks for this haejin!
Possible BTC movement this evening.
I love you @Haejin! Upvotaed as always!
BTC may be in a bear market for a while. Could be weeks, months... last consolidation took almost two years.
good work i appreciate you.
Possible BTC movement this evening.