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SUMMARY
Overnight, Bitcoin (BTC) completed the projected a,b,c,d,e triangle and this morning, EXPLODED out and UP! THIS IS THE POWER OF TECHNICAL ANALYSIS!!
There is no magic or crystal ball required, this is a technique that all can learn and I freely share all my secrets and know hows to all who wants to benefit. First, consider studying, not just viewing, but studying my tutorials linked at the end of each blog. These contain almost all I know.
The below chart shows the bullish downward pointing symmetrical triangle with completed a,b,c,d,e waves and the resulting price explosion. One might ask how exactly and why exactly does this kind of pattern work so well in predicting future price pathway. Much more details in the video, but it all has to with a tug of war between the buyers and sellers. At blue wave 3, there are plenty of sellers and they are winning the tug of war. At wave b, there are less sellers and at wave d much less sellers. These sellers are selling into this decline and sap the sell strength until the bulls overwhelm and then start taking the tug of war towards their side. The further impact is really derived from two emotions, fear and greed and these are the dual sentiments that drive price. Again, more details in the video on this valuable lesson.
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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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.**
Thx haejin, learning more all the time...
I was talking to people during the day saying "OMG everything is crashing,whats going on, is it futures, shoudl I sell???" I'm like "Relax, it's just a healthy correction, give it a few hours. And go to the steemit blog of @haejin"
Well done!
Great explanation of the tug of war analogy going on during the A B C D E. Gotta love those triangles.
That helps me understand what’s going on better thanks
hopefully, alts won't be lagging miles behind yet another time until the next BTC correction, preventing them from bouncing in a vicious circle, if you see what I mean...
Wish I had stayed up for your last nights update..."paniced" and bot back in a bit high for fear of missing out...but price spike makes me feel better...you seem to have BTC analysis pretty well figured out...especially in relation to all the alts showing bullish upward trends...incredible...
I was hypnotized yesterday mid day watching GDAX screen as sellers and buyers...green vs red walls...fought back and forth to take control...market capitalism at its finest.
Meanwhile...hope you are enjoying the early winter snow we had...the first one always so stunning when contrasted against all the Christmas lights...
Finally...is the spike up a "hurry up and wait" moment? And if you now connected the upper line of your triangle to the new tops...does it create a bullish flag?
Stay sharp...
It's the hurry up phase
So triangle looks like flag per mid day report.
Btc is writing a piece of our history and you dear @haejin helped me a lot in understanding how to be part of it in a profitable way. A lot of gratituted for your advices and your free tutorials. I keep upvoting . Wihs u the best
Hi guys. I found this project from @steembasicincome where you can sponsor steemit authors. You simply need to send 1 STEEM to their account with the name of the account you want to sponsor and they will upvote the posts.
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Let's see how many upvotes we can send.
Mighty grateful!
Vimukthi, this looks good, Im in:)
Just Powered UP all my STEEM, but I'll still check it out and do it once I get some more.
Your post has been resteemed to my 2800 followers
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I'd say you were spot on Haejin. Binance 24h low was $12,368. Amazing.
Great stuff man! I had saw the pattern myself last night and bought some more at 12k!
ahahha, nice ! this is war, like a poker or chess :)
That's why so many poker players, chess players, musicians, poets, theoretical physicists, psycologists are so good at Technical Analysis. They are good at asbtract concepts.
REALLY GREAT ANALYSIS!! Thank You for some really great videos ,, upvoted
I am wondering how long you will do those accurate videos before being hired by some big boys :D
Thanks again!
LOL!
Haeijin, thank you very much for all your help.
Thank you for all your advice!!
very excellent analysis and research...
Hey thanks for this! I M down votet...have to regenerate..but i will resteem! Thanks fto @lichtblick, cause of him I found you. Hugs
I wish you MASSIVE profits!!
Nice
Thank you!
Great post, very useful as usual, your work is invaluable.
I bought both books and I'm trying to learn as fast as possible.
Technically can we call this correction a Double Three?
Thank you. Has the GBTC chart changed at all to reflect BTC's recent action?
I find it difficult to time buys/sells of GBTC due to it trading only during your typical market hours.
I only can say one word.. THANKS! I love how do you explain every single point. I'm learning thanks of you, and do you are giving me the opportunity to learn more and more every day. Thanks again grand master!
@haejin Thanks for all of your generosity. I just wanted to share a little story about watching your videos with my family (Wife and 2 yr old son). Our son is big into shapes and colors right now. He identifies sizes by Daddy, Mommy and Baby. His favorite triangle is the Daddy Ascending Right Triangle (ours too!). When I turn on your videos and he hears your voice, he comes running to the laptop to see all of the Triangles. We love your sense of humor as well. Once again, thank you for your generosity and keep up the great work that you are doing!
P.S. Your book recommendations are my Christmas List, hopefully Santa brings them!
I wish you MASSIVE profits!