SUMMARY
There is never a trend, either up or down, without a correction. For Bitcoin (BTC), I believe a minor correction approaches. The below chart shows the initial wedge that was drawn and presented the other day. Price had broken down below the lower blue line and it's common for it to be retouched from the underside.
The wedge has been redrawn and it encompasses all price levels. This shows that the wedge is still forming and not yet complete nor confirmed.
When labeled as abcde; the e wave still remains to be put in. If there is one more higher high, then price would be close to the Apex and more ripe for a minor correction.
Using Fib chart as guide, the red line arrow shows a probable abc pathway to around 0.5 to 0.618 zones.
The impulse pathway is the primary count where once wave 5 is complete, a correction will arrive. There is no escaping a retracement which is a requisite component of an Elliott Wave motive.
The Inverted H&S is still in progress. It shows a potential that should the wedge pattern pathway progress, the blue arrow could be the result.
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good information!
thank you for this explanation. I think the BTC will visit the point max (19000) before the down and this decrease does not go over 60 percent fibo.
Good analysis as always
Thanks for your work, @Haejin!
I am the true cryptogod!
My TA will bring you all riches. Fuck this imposter, I am the true leader.
Haejin sucks, so follow haejinsucks!
Everyone go look at my firecoin projections here
Increase from $1.76 to $2.27
#Haejin "I'll do my best. My bandwidth is about 10 requests per day."
#Steemit Translation: I'll do my best. I can only get paid for 10 self upvotes per day.
I think bitcoin will soon be carried away by some other crypto
bitcoin up good
Mr Haejin sir,
Why did you downvote me HERE at 100%???
IF you disagree with anything I said in the post, why not comment?
My post is based in facts. 3-5% for one Steemian is not able to be supported by STEEM. It will break the system if just a handful of other Steemians do the same thing.
You are able to change your Posting behaviour, or even refuse Payout on a number of posts, in order to share the Rewards with everyone.....
If you disagree, please explain yourself? Why go around flagging any and every post that disagrees with you? That seems like your attempt at CENSORSHIP.
IF you disagree with my Post, please REPLY in the COMMENTS why you disagree. No need to go straight to flag!!
Makes sense, what goes up, must come down...
This is a very nice post, thanks for sharing!
Follow me, Resteem and Upvote my Posts @thunderland
Can you take a look at appc coin haejin?
It kept going lower than wave 1. Thankyou for regular btc updates.
Keep going bulls!
at the moment there is no reason that btc will go up to 13k especially 17k. its just not confirmed with volume i think we will circle around those prices 10k-12k for quiet some time until new money comes in
Yeah, until 'institutional money' comes in to play there's no real growth driver.
A minor correction is approaching.
Self-criticism is a good thing. 👍 Bernie is proud of you, Beep boop! 😂
Hi @scorer, nice of you to reach out to me. I would like to dispel a myth. There is a vast community disagreeing with the rewards given to @haejin's posts by @ranchorelaxo. Many many whales, dolphins and minnows.
Haejin likes to say it is all Bernie and his bots, this is just not true. We are all individuals acting because we care about the STEEM blockchain.
I guess it is partly true, but that is not an issue.
Steemit is build to work like that. Probably it is more useful to change the system than to abuse users who use the system.
Built into the STEEM blockchain there is a way to prevent abuse. It is by flagging/downvoting posts which have potential rewards deemed unsustainable by the STEEM community. We are all a part of this community. We all own a share of our future. It's not up to anyone to fix something that is not broken.
Rewards are always potential rewards until the day they are paid out. Then they come out of the reward pool. Before that 7 days it is up to the community to decide if there is abuse or scamming happening, and take the proper measures to counteract it.
Did that make sense @scorer?
Spam is discouraged by the community, including comment spam.
Tips to avoid being flagged
Thank You! ⚜
Bitcoin this day down,,,
How about bitcoin price this week??? I wnt to purchase in this weekend. I hope decline...
It usually dips on Sunday
Thank you~
Awesome update!
Hello how are you? ... I have my vote of support from the community #steemfamilyhi, you can follow me in @asarcos ... I also invite you to my last publication, https://steemit.com/spanish/@asarcos/hibiscus-mutabilis
My scenario is exactly the last one you mentioned, 5 waves up to $13k with a correction afterwards to about $11.5k...
I am just thankful to have your daily BTC TA. thanks a lot!
Fingers crossed hehe
i've vote, vote back please
Thank you for the great technical analysis of Bitcoin!
Solid analysis and update on previous posts. Thank you.
Hello @haejin
Have you had a look at Monetha MTH? It looks like it's almost at the apex.
https://www.tradingview.com/x/HQOq25tq/
It is waiting for the big brother BTC for confirmation about bulls run.
Another great update, thank you!
If you guys like short and practical lessons and updates on Bitcoin and Crypto follow my Blog and DTube channel.
I am learning bitcoin TA etc here is free Bitcoin course http://bit.ly/2EB1HwA
Bitcoin is great!
Buena información! te invito a ver mis Post.
as Haejin mentioned in previous post CFI has started wave 1 already - :) Hopefully firework ahead. Mr. Lee please provide an update.
Thank you. Inspiring as always.
As a beginner I would like to know why is not the 5th wave extended instead of the 3rd wave ?
Always very. thx.
Resteem. :)
hahahahhaha loved the article. I HODL on an offline wallet but this type of stuff makes me FOMO that im not day trading. lollll I chose the HODLGANG guess I gotta stay true.
HODLE works!
Hopefully it does!!! hoping for much gainz over the next 2-3 years
Uh, it's "HODL" you goddamn imbecile.
See folks, the guy is half retarded, maybe a bit more.
Yes, of course you need to pay taxes on your crypto earnings.
Really hope we begin to have some solid support around btc, meaning common exchanges instead of having wild price difference between them. Bring that to market will make ease of use more available. Also can a company credit a sorta credit card based on btc???
Thanks! Can you please do COLX?
Great to see BTC currently at $11,506 which isn't to far away from 24 hour high which is $11,599.
Will be very intersting to see the resistance at $12,000 but will hopefully STEEM past it :-)
nice post will you read my post its so small it will take just minute thanks
https://steemit.com/blockchain/@rayhanazad/electroneum-mining-is-alive
Thanks for the insight
Time to buy in the correction or maybe short while the price fall, is a good post probably on a time frame of 4H will make a pullback.
Thank you @haejin . Any chance you could have a look at RDD coin.
Thank you for the update. Your efforts are appreciated.
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sangat bermanfaat @haejin
Dear Haejin , I know that the error of recognition is always forgiven, but not so that you can sell your face anonymously at the price of altruism. The way you try to update patches continuously for hours is to pay a lot of attention to the many people in the community. I have been wrong and feel ashamed of it. And now I understand why you hide your face.
If you are trying to contribute for community purposes, just stop.
Coins mentioned in post:
Good correction
you basically say that everything could happen.. wow