SUMMARY
BTC is still at the CRITICAL JUNCTURE. Still, the below remains my primary count and I've shown this pattern for over a week so no real chage; only high alert sensing. Eventhough we are at a critical junction, the below Inverted Head & Shoulders bullish pattern is expected to occur. This pattern would provide the mojo for Bitcoin to well exceed the upper trend line.
Watching the behavior of Bitcoin price in shorter time frame, the below pair of fractals was noticeable. Note how on Fractal #1 (blue box), the initial decline was followed by a 62% rebound and then a smaller decline for a higher low prior to exceeding prior peak. Now, the white box shows Fractal #2 as having completed the initial decline from the peak and is in the process of shaping out the rebound.
The rebound for the Fractal #1 was 0.618 Fib and if this could be the same for Fractal #2; then $11,361 could be the rebound zone for Fractal #2 as shown in Fibs below:
Bullish case scenario could show how the price pathway could travel by adhering to the fractal. This scenario would allow the entrance of New All Time Highs! HOWEVER, we MUST keep a vigilant eye on the current critical juncture. It's not the time to allow FEAR to dictate our trades, but rather outcome probabilities!
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thanks for the update haejin! I see that you focus now primarly on fractals, is that due to the lack of confirmation that the bottom was reached? Or why you dont post EW updates lately?
Good
Lmao!
Wow
Great post! Follow me and i will follow you. I will auto upvote anyone who is following me.
Check https://mykucoin.com for more Cryptocurrency news
up vote
muy buen trabajo gracias
Thanks again for your analysis you've taught me so many things in the past 2 months
This airdrop seems amazing they giving away 70$ per person more here:
https://steemit.com/airdrop/@s3cr3t/airdrop-70usd-100-ebtc-tokens-already-trading-at-0-7usd-piece-takes-20-30s
2만달러 가즈아!!!
IF All Time New HIghs, probably much higher than $20k
Guys if we don't hit 1 million dollars we need to see John McAfee eat his pee pee... buy!!!!
he said 2020
ㅇㅇ 해진형 비트는 모든 순간 최고로 갈수있을꺼임!! ㅋㅋㅋㅋ
Thank you @haejin
God bless you HaeJin
I am used to read urs more often but couple of days u r busy I guess @haejin
Seems like another triangle is poping out..
spot on for the triangle, indeed is forming...
only critical point is: that shape is the must bearish formation!
Bear triangle.png
:))) yeahh I have been lookıng many charts so I got blury yes direction is opposite..thanx man
thanks haejin for this post, to be honest i still do not understand about bitcoin and until now i still try to learn its ordinance to join bitcoin .. this post may be able to meberi my hint and i see your post relate all about bitcoin ... cuman have not had time to read all of her ... thank you. always success.
good post and useful, terimaksih have
@haejin 해진님 매번 올려주시는 차트 잘 보고 있습니다. 감사합니다.
I don't see how fractals are relevant here as the first fractal didn't bounce of the upper channel and therefore had 'room' to go up further. Resistance is way stronger now.
Support have been breached !??
감사합니다. I am not a weak hand!
U r amazing
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Some doubtful words if I may
if you listen I shall dare say
if graphs don't go the right way
method or the man should dismay?
https://steemit.com/cryptocurrency/@thereaper1233/haejin-destroyed-my-steemit-account-evil-monster
업데이트만 기다리고 있습니다. 정말 잘 보고 있어요. 업보트합니다.
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Don't just view this post, UPVOTE IT, it takes literally one second to click upvote!
I see bitcoin going thru a wave 2 correction soon before it goes up
Hey haejin...i tell you what...you are a monster...real monster...who destroys the account of newbies here. I have done nothing but said truth on your post and you destroyed my reputation (steem)... real one you cant even touch...
NOW YOU STARTED THIS...AND I WILL PUT THE FULL STOP.
fuck you and your pathetic fools who wander around here with no clue...just greedy people like you...they want to be you...they treat you like crypto God but u r an asshole... YEAH no one can predict BTC and i know what you gonna say now..."but i don't predict it" but these assholes here wandering to get a signal to trade and they will surely one day put blame on you of their losses...bcoz BTC don't listen to your father...and you set targets which can be changed or are very long so that you prove right...bloody ******* when will you ALL understand crypto... OH YOU CAN'T...NO ONE CAN...YOU CAN'T UNDERSTAND IT....99% PEOPLE CAME INTO CRYPTO TO MAKE DAMN MONEY......ONLY ONE MOTIVE....GREEEEED. THEY KNOW NOTHING ABOUT IT WHAT IT IS....INFACT NO ONE ON THIS WORLD TRULY KNOWS...IF I ASK ONE TO FULLY EXPLAIN CRYPTO AND BLOCKCHAIN...THEY WILL PEE IN THEIR PANTS....SO HAEJIN. You are nothing without these fools....and carry one everybody...until you lose up everything.
I DON'T CARE IF MY ACCOUNT GETS DELETED ....I HAVE SAID WHAT I WANTED TO. Bye GREEEEEEDIES
This wedge pattern could provide some support at the 38.20% retracement, this is my count for a bullish correction, if this makes 5 waves down I will abandon this count and chart a 5,3,5 Zig Zag
The above photo is invalided.
Nice count, I have to agree. The last two rises skipped waves D & E, that would be fine as well.
Here's a potential LTC pathway, it's not a primary - Zig Zag or a Flat is still quite possible but my bullish wedge died today.