SUMMARY
Overnight Bitcoin (BTC) had some good price action! The below chart had been posted in yesterday's morning update and price decided on this pathway rather than the abcde triangle. No matter, the destination is the same as now the ABC correction has started.
Price did poke through the upper white trend line as projected and that completed wave 5. Price then promptly went back under the trend line and started putting in a quick wave A of an ABC correction. This will likely go towards the region of prior wave 4 which could be $10,178 or so.
I had discussed how it would be unlikely for brown wave i to be the wave to fully breach the upper trend line. BTC now needs to regroup into wave 2 and get ready to launch wave iii of 3. It would be most ideal for wave iii of a 3 to make the breach as it would represent the big guns given it has the most vigor and strength. Fireworks can be expected IF wave iii of 3 starts its work.
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Good explanation. Maybe this is your secondary count? Anyways, this is my primary :)
https://steemit.com/bitcoin/@benkalashnikov/bitcoin-btc-analysis-update-3
finally a video update! great to hear you again :-) also I like how the bottom c fits together with the stock market top b, some money of that crash will definetly flow into crypto
you are right😊 its my companies logo (non crypto related) and I just like how it looks 😄
Haha no but sometimes it feels like 😄 just a little local eco brand which im running as a hobby, nothing worth mentioning 😅
I'd like it to reach $20 000 again...
no worries about that ;-) just dont become impatient
I believe $50k+ plus by the end of year
easily, by september
Next year? 😂
I wuz talking about 2020...
I believe we dont even need to wait that long if we are really now in the next impulse phase
Hope springs eternal.
Big resistance ahead, not enough volume.
Only if institutions give us a shove.
good job!
thank you haejin, can you give us you insight on ETC?
Is there any possibility you can take a look at DGB in the future Haejin? Ps love your TA
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Sir, you demeanor is impeccable. From your knowledge to your explanation. Not forgetting your marvelous use of language.
I enjoy all of it.
Thank you.
yes, I really missed the video updates, I enjoy listening to him a lot!
Sorry for the gap. I was traveling.
Wave 2 (blue) looks to shallow as correction, so I do think we will see new low and you ABC correction could be much deeper. If so, it negates your projection :)
it doesnt look to shallow compared to the prior impuls set
you dont need to watch the video for this information, you see it in the screens
Speed 2x
youtube
yes, but then you cant refer to it as bottom of wave 2. guys here a messing up the EW principle so badly
Kindly upvote my comments for ...more comments
ups :-)
nothing he is just begging for upvotes in a really stupid way..
@haejin ...a good news though....some points sounds good and some factors of bitcoin goes as expected...hope to see increase in value in upcoming days....thanks for posting....itz evident from the graph ...the value is slightly up compared to its previous value....hope to see good days ahead
Yes, I believe 70% bottom is in and 30% to a potential lower low.
@haejin yes thats great....thankyou for providing such updates ... Itz a good sign also
looking good!
bitcoin will probably remain a little stagnant, as the market is on edge and doesn't want much risk at the moment. in a couple months I think we will have a better gauge on whether we could see a spike later this year or if we should hodl for dear life.
in a couple of month? no way, the stock marked crash is just around the corner, wave c is incoming. guess where some of the capital will go. it fits together greatly with heajins count and time of bottom c should be within a week.
you think the market is going to crash in a week? lol wtf
you cant project time but around march would fit, check the dow, wave a completed, b in progress, whats next you guess
don't get me wrong i want a crash so i can buy cheap, but even if the dow lost 15% overnight it would still be at a healthy level in terms of a 7% avg over time
sure, but what we have witnessed in february (-12%) has most likely just been the beginning, you rarly find a retracement that falls just once, typically you have an abc correction.
I'm making sure that I'm ready to buy in at march/april because based on EW I really expect that the early febraury dip has just been an anncouncement of something bigger.
If it plays out this way I hope you are setting your buy orders and I wish you massiv profits! :-)
Btw: if you count the large trend waves, we will face a final bull run (wave 5) after this crash which will go on until around 2020-2022, and then (according to EW) it is doomsday since we have never witnessed a correction of this degree of trend. Some analysts are already predicting WW3 based on this.
nice~!!
Thank you. :)
useful postings
Agreed, @haejin. I've posted an in-depth analysis of Bitcoin just half an hour ago, too, with the same counts/results. I highlight technicals in relation to EW & Fibs as well.
Blog, purely for educational purposes and those interested:
https://steemit.com/bitcoin/@puppycoins/28-02-extremely-in-depth-view-of-current-bitcoin-price-action-as-well-as-bigger-time-frame-look
This is good news. Thanks for the information.
Dear @haejin bro
hello, i am @bestrakibul2. I've been working steem for a long time. But I have no such progress. How do I work? If I leave the post, I will sujjection it, please give me sujjection, please follow and upvote me. to @bestrakibul2 thanks for read and upvote
good luck :-)
Nice video, sir. But do you even watch your own videos to check the quality? The playback is only 1 frame per second, very difficult to follow.
good one
I need your help
Great share!
Lets go bitcoin!
yes, the days become longer in europe again, seems thats why BTC is rising in price :D
Nice. I got something similar where we might bounce off of 50% retracement and up out of the long-term downtrend line. I posted on my blog, in case you're interested in checking it out. There's a rather large inverse head and shoulders at play. I think the bulls are very near :)
Thanks for your jobs.
Is it possible to have larger images included here? Thanks.
This Steemit post shows up as a Top Story from Steemit on Google. How cool is that! @ironshield
Bitcoin needs to take a stand! :P
https://steemit.com/bitcoin/@songminer/bitcoin-remains-silent-on-nra-bitcoin-users-outraged
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This was actually insightful. Thanks for taking the time to explain @haejin
great. thanks for sharing us.
audio is really low
Coins mentioned in post:
I think blue Wave 2 is going to end up being lower..... fingers crossed for lower low of 4900--what an awesome buying opportunity.
how would wave 2 reach that low? thats against any principles of EW.. The only explanation would be that we are still in the upper trend correction phase, but then you cant refer to it as wave 2