SUMMARY
Note: I'm traveling so updates will be brief and no videos until evening. The key to look for would be five waves down for wave C as shown by the blue Elliott Waves.
The correction for wave 4 is likely still in progress. The only difference is that the waves have shifted to the right as time as elapsed.
The alternate count could be that an ascending right triangle could be in progress. The horiztona purple lines outline this pattern. IF this is the direction Bitcoin decides to take, then waves abcd are comlete and that leave one more wave down e remaining. Interesting to see volume confirm with a steady decline.
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 shoud 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.
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Thanks as always for the value to the community. Is the 13k resistance line not the real problem? Personal i think the A-B-C correction could be in play, there is away to many bearish traders around, wanting and expecting $4000 area.
Personally i am happy with my portifolio and over last few weeks the greed and fear has left me, eventually im realising that it all about investing in projects for the long term, buy and selling is simply stressful and in many cases very destructive to your mental health.
And probably it is time to make some noise and start the FUD game by letting bears out.
Yeah, agree. Just posted this on twitter. Looks like we will see a double top reversal if we don't break the resistance line. Also RSI is descending and we're losing momentum.
How To Easily Trade Ethereum/USD on the Daily Chart!
When your lost in the charts it may be time to go back to fundamentals. Traders dreaming of a 4K BTC because they missed the last dip and are now changing their tunes.
Excellent way to settle and find peace. The future is going to be bright for cryptos and those who will buy and hold them. Even haejen wrote last week in a comment that he has 70% of his crypto portfolio being held long term and only 30% for trading.
I can tell you I've tasted the future and it was sweet, hitting around 25x on my portfolio before the correction. I didn't loose an instance of sleep. It's part of the journey that we must go through to get the upside of this new revolutionary blockchain technology. To think think we are only at the beginning is simply incredible.
Have safe travels @Haejin, will be looking out for evening updates. Hoping for more upwards movements this week.
haejin... i have feelings for you bro. Can you please analyse my cockchain
Appreciate the constant updates! You're the man!
Could C be shorter than A?
I hope it wont go this way.. ıt would change the game for us like me who is waiting to buy in below 10K
Yes, cryptos have an affinity for them. When sellers run out due to having spent all their ammo on wave 1, wave c can be shorter but still with five sub waves.
wow have a nice journey
thanks for sharing
i am wating your next blog
keep it on
upvote and resteem done
매번 정말 감사합니다.
thanks sir for update @heajin
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Very good analysis.Your post is always the best. . I can learn a lot from your post. .
Thanks for share a wonderful post @haejin
Wauhhh...it has been great to hear that bitcoin has maintained a slight growth and not intending slowdown drastically on the upcoming days. It will be advisable to still keeping the coin for some few days as we analyse the trends of the market.
However, bitcoin is expected to increase its value in the future 2 months and then decrease reaching even 6000$. But, in the last quarter of the year, according to the trend, bitcoin will again shoot high and will even reach 17000$.
So keep your coin and play a smart game. When my coins are concerned, I don't give a f*ck.
I was looking forward to the update! Thank you.
Have a nice trip my friend 🙏
Thanks man, helpful as always
Let us know if the shoe shine boy has any advice today.
thanks for sharing!
greatstuff!!! :):):)
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@haejin, I like you and respect you. but, these days, your analysis in bitcoin is disappointing.
I think you don't spend much time to analysis.
@sihoo, if you're going to make such a claim, then you need to make the case WHY. Why is @haejin 's analysis disappointing? Personally, I think it's quite good. Haejin correctly applies Elliott principles, explains his counts, and often presents both bull and bear scenarios. Furthermore, he educates his viewers, so that folks like you and me can ultimately decide for ourselves. What more could you possibly expect? Please enlighten me. Thank you.
wave 4 is already complete and wave 5 is now in progress.
he has a mistake to count.
I already suggested my scenario in last heajin's analysis.
I'm seeing the same
Hi Haejin,
can this be and ABCDE (33333), with sub waves abc (535)? I read in Frost and Prechter that ABCDE corrections are 33333, but that is for wedges/triangles. I didn't see flags and don't know if this count could be valid.
Please critique if you have time.
Thank you for all your efforts.
Yeah, this scenario looks the most real one.
That was my scenario too before it broke the triangle. Now I'm thinking it could form a double bottom , using the triangle as support(supported by fibonacci retracement), although the head and shoulders target supports a breakout and 50/200 ema are converging:
$12,300 or so will be the critical juncture as had been posted in prior blogs.
Yes, that's close to where my target is (red line). Thank you for responding.
This is my primary still. I believe you are accurate with having one more lower low.
I wrote a blog on it yesterday:
https://steemit.com/bitcoin/@bitshareboy/bitcoin-update-correction-isn-t-over-yet
Good Job!!!
@Haejin, in the event of the triangle correction, would the start of wave 1 for the next impulse be at the bottom of wave a? Or does the next potential impulse start closer to the end of the triangle? Thank you for your time!
https://steemit.com/cryptocurrency/@thereaper1233/btc-update-19-02-2018-to-12-5k
show haejin some respect by at least commenting on his opinion.
We all appreciate his help...but if he can conclude his post in simple words that a commoner can understand about crypto ...that would be great.
vulture
https://steemit.com/cointurk/@quantum999/compilation-of-steemit-projects-kullanisli-projeler
show haejin some respect by at least commenting on his opinion.