)
SUMMARY
Overnight, Bitcoin (BTC) has completed what looks to be an a,b,c,d,e pattern as shown below. This is exciting! This means that the correction could be complete. Therefore, EXPLOSION IMMINENT!! I had not discerned this a,b,c,d,e until this morning! Even after 20 plus years, I did not notice it before this morning!
Revised Elliott Waves is presented with that same $23k target and it should be taken out shortly.
More details in video!
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?
Follow me on Twitter for Real Time Alerts!!
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
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.**
Thank you happy and healthy New Years to you and your family!!
Another great analysis! Looking forward to new highs. Thanks @haejin and happy new year!
What’s your thought on SALT?
Other alt coins are also getting correction... today ether also shows some good correction in price. The best news is that steem is also correcting again usd. By the way great informative post @haejin. Your knowledge in cryptocurrency investment is amazing, no one can challenge you in this field.
Any advice if i should sell my ether or wait to a certain price?
What do you think about Digibyte, could you do a prediction on that? would be lovely
Thanks for the links to the Elliot Wave tutorials. Been looking for them for ages! Statistical analysis is the best way to predict trends and this tutorial makes it easy to understand. Everyone should have a look at them. Thanks again @haejin
Thanks buds just watched your video I love Elliot Wave myself! I have been buying BTC on all the dips I am HODL and staying bullish for long term. Glad i found you I appreciate the great content.
Thank you for your work, @Haejin.
After a few months following, I mostly try to do my own counts now, yet there is is still much to be learnt. I will go through the books in the very near future.
Keep up the good work, God bless.
It sure is good to have @haejin here constantly loading up with details we easily forget when walking our first steps :)
Absolutely agree. $20K will be broken in the coming weeks, days even.
Hello @haejin, i saw you all posts you always give us a great knowledge, we really gain alot of analysis. Thanks for giving us a great knowledge, Happy New Year!
Thank you
Thank you for the morning analysis of bitcoin. As always, Upvoted and Resteemed your page @haejin!
I love it when I see an ABCDE Triangle correction. Thanks for the reaffirmation @haejin !
What will happen with the ratios between BTC and the alt-coins?
when btc starts to go up you will not see much difference in alts, as soon it becomes serious alts will drop and when bitcoin hits 18-22k alts will drop hard (maybe even crash by 50-100%)
this has happened many times and is perfectly nomrmal.. as soon btc stabilized, alts will shoot up again.. the best is to sell some % of their alts into btc, for every 1k that btc rises.
Yes, this seems to be good advice. It's all about timing. when Btc went to 16k I sold my alts too early and lost money .
Could we talk more about this. DGB, XVG what is the wise thing to do right now?
And what percentages are you talking about. I'm kind of a noobie so first time I'm in front of this situation.
Got my ticket for the moon express.
I like this review of the current market. Should your analysis be accurate this is a slamming point to get in. Thank you for providing your observations and here is to you sir in this new year!
Well that's great news. I'd be getting some soon
a very nice sharing thank you for the information @haejin
Hey haejin, how’s it going mate? Learning Elliot Waves is one of my 2018 new year’s resolutions so I’m following you and look forward to seeing more of your work.
I focus on pure price action around key support/resistance levels and my latest Bitcoin analysis actually is also telling me that a breakout to the upside is not far away.
Here’s to a safe, happy and profitable 2018. See you around! 😎
These jealous attackers are unbelievable.
I think this pattern also looks like a cup and handle formation.
https://www.tradingview.com/x/mlbEHMsB/
@haejin is the best...
@haejin.. I'm missing something. Where does the circled red C end? You have it under the circled red A.
Fantastic analysis @Haejin! I'm wondering, since you are actively using TradingView, have you ever considered of linking your charts to TradingView itself? Would be nice to open your charts directly in there and naturally this will also have a positive effect on your Steemit channel :)
WARNING - The message you received from @tripadvisor.com is a CONFIRMED SCAM! DO NOT FOLLOW the instruction in the memo! For more information, read this post: https://steemit.com/steemit/@arcange/scammer-reported-tripadvisor-com
I just brought last night. It was good time to buy. Thank you haejin!
so any advice what price point to sell at?
Am still thinking if i should sell mine this week
jealous mutts down voting again
Don't worry rachorelaxo will up vote and negate randowhale's flag. See randowhal takes people's money and promises upvotes for them. Then he turns around and uses it not upvote but instead flag postings and push people down. Why? Because it feels powerful to control the platform. One of those busy bodies who thinks he knows best for everyone. Control freak scum.
Is Haejin Accurate ?
https://steemit.com/bitcoin/@pathi/is-haejin-accurate
Here we go, whales throwing a fit and mass downvoting again. I can't wait to see a version of Steemit on EOS, with a decent token distribution.
Could it also look like this?
란도 또왔네... -_-
Dear Haejin,
Could you do one on SALT?
Correction does look done! Happy new year everybody!
Thank you for your analysis
항상감사합니다.
I'd be very happy if more experienced Elliot Wave Masters could give me their opinion on my XVG Chart!
Happy new year guys
https://steemit.com/xvg/@xantos/elliot-waves-beginner-looking-for-xvg-opinion-on-my-pathway
Enjoy the vote and reward!
I support you with my resteem service
Your post has been resteemed to my 3300 followers
Resteem a post for free here
Power Resteem Service - The powerhouse for free resteems, paid resteems, random resteems
I am not a bot. Upvote this comment if you like this service
Nice update, but I thought you guys were now declining rewards on posts or what? Will it be for a few posts? Kind of confused now :D.
It will go over 25.000 dollars...
Enthralling to learn this.. Thank u for your effort, sir.
Hopefully we will see a rocket ride in 2018..
More power to you ..
P.S. -- Ethereum sure was strong yesterday.
good!
That sounds good.!!!
Awesome video Haejin... It will be interesting to see if BTC moves toward your target and everyone jumps on board. Will the alt coins dip momentarily?
Well i posted this under your last btc update do i get a free training session :p ?
now
Something i would like to have your opinion on is how to interpret when the price can be different on different exchange and totally different interpretation ( for example if wave 2 go just a tiny bit under the start of wave 1 on bfinex but not on bittrex ?)
I'm afraid I disagree. The mempool is still full of pending transactions from people waiting for coins to get to the exchanges to sell.
We won't see a lift-off in bitcoin prices till the mempool has cleared.
It's the grand daddy and it still has massive weight. Anything that happen to BTC influence the Alts, so kinda important to get this one out of the way first ;)