SUMMARY
Bitcoin (BTC) has decisively broken OUT of the Bull FLAG!! Price is currently $8,022 and expecte much higher highs!!
Watch carefully the chart of Bitcoin Cash (BCH)!! It TOO has a BULL FLAG and is expected to break OUT! Thus, once this occurs, BTC and BCH would be Phasic!! I wonder what news/events/rumors will arrive to justify this Phasic forecast?
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
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
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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'm still learning the ins and outs of Steem--does commenting on a post help promote it, as to say just upvoting and re-steeming it? I'm trying to get my guy Haejin more exposure! Best crypto TA I've seen yet. After the holiday work will finally slow down and I'll have a bit more time to follow and invest :)
I can't believe how fast BTC went from $5500 to over $8000. I was hoping for the retracement to last longer so my fiat would clear and I could buy on Gemini. Just waiting a few days for that trade changed everything. Life in cryptos can move fast sometimes.
does this changes your other alts/btc pair forcasts?
No, because it simply means that the ALT values in USD will climb at a much higher % acceleration than the /BTC pair value.
thanks!
You might enjoy perusing this essay on Technical Analysis:
https://steemit.com/bitcoin/@haejin/essay-what-is-technical-analysis
Do you have a time frame of when you are going to post the triangle and combination tutorial videos within your busy schedule?
If btc goes up and altcoins go phasic. Then alts will also be bullish.
If btc and bch go phasing on a bull run then it really will be a great xmas!
how high you think BCH will go ? what news or event will arrive to justify the BCH rise ?
Don't forget BTS!
I nearly forgot bts! That’s going great at present as well. My daughter may get more than coal this year!
Great post thanks
New day new high! Don't miss opportunity!
Best way to trade long #bitcoin with high leverage on BitMEX
Anything on DGB and Ten X ?
Here is the DGB analysis, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/digibyte-dgb-ready-for-a-520-profit-potential-check-out-this-blog-analysis
Thank you
Thanks for sharing, enjoy the vote!
Mighty grateful for the UpVote!
I wish you MASSIVE profits.
@haejin, do you think BCH would look better in a Triangle? If so, we could be heading down a little for the (E) to hit, right?
At the end it has the same results as you mentioned there are may ways to come to the same conclusion with E.W and Chart pattern Analysis.
But can you give some feedback? do you think a triangle makes more sense? or no?
I do exactly that, but start with dotted lines, and go solid when confirmed, and then extend the solid lines. You will be amazed how far their influence lasts.
what do you mean by extend the dotted lines? Just drag them out further and later down the road the chart will hit the lines?
Can you go into detail on that please?
BCH/BTC
Ohh Okay, perfect thank you for the picture. Thats very interesting
Yes, but I only extend the confirmed lines. For example, draw a line connecting the three ascending peaks and extend up. This will be future resistance, and then support.
I aways love to see how the the news blogs will justify this such thing. Nice again Haejin. I'm learning every day with you.