SUMMARY
Bitcoin (BTC) has been able to breach the Neckline and remain above it as shown within the blue circle. There are occasions when price dips again below the Necline and resurfaces. The minimum target for this remains at $10,387. A pattern has two stages, completion and confirmation. By breaching above the neckline, price confirmation has been attained. The chart below also shows the volume confirmation where the Head volume is the highest.
One pattern to consider is the below, where an upward pointing wedge could be in development. This is not the primary count, but keeping into awareness is key. The resulting abc correction would be expected if the five wave count is correct.
Forward discernment allows one to incorporate current evidence of price performance and project future pathway probabilities. The below chart shows how that upward wedge could fit into how the Right Shouler (RS) of a larger degree of trend Inverted Head & Shoulders could be formed. IF this pattern also completes and confirms, the the minimum target would be $12,218. This would allow the breaching of that $11,800 resitance zone that had repelled the price now twice.
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 should 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.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
Great analysis Haejin, I like reading bullish news, keeps the mood up.
Sorry to be be the bearer of bad news but... here is my analysis/ perspective on Bitcoin right now: Why I Believe The Bull Move For Bitcoin Failed, and We Will Continue Down!
Click Here To Find out Why @berniesanders Supporters are Idiots...
Steemit is set out so posts can be monetized. I reward posts that have value to me. Simple as that. Doesn't matter as you said Haejin is just like Sanders, abusing the reward pool. If Sanders posts have value, I would reward him too. I don't reward every Haejin's posts, some cryptos he posted I don't trade. But it's right to me to reward his posts that have valued to me. I stick to the basics.
Yup that's all good, I am not against that at all!
DGB seems to have broken out... @haejin , can you take a look?
Just a quick thought - it is possible that alts can help BTC to strengthen the bulls run. More activities in alts, more BTC needed, more sales in BTC and so on.
hello fellow digibyter :) moon soon, fret not my friend ;)
What do you guys think of Shield? Quantum Resistance, MasterNodes PoS/PoW Hybrid, Own Marketplace where you can sell & buy goods, Privacy features like ZeroCoin, InstantSend and DarkSend. I think mid-term gains is easy 10x, don't miss it out.
Thanks for the excellent analysis on bitcoin. Any recent analysis
on XVG with its nasty correction?
I wish you MAAAAAAASSSSSSIVVVE PROFITS!!
Nice post and agree. Price is on the verge of testing sellers at $9250. If the seller orders are absorb look for a slight pull back before price moves to the next stack of sell orders at $10000.
My target 2 still remains $12000.
WARNING! The comment below by @blockchainfiend leads to a known phishing site that could steal your account.
Do not open links from users you do not trust. Do not provide your private keys to any third party websites.
To the Moooooon!
Your useful information, you can prove it with statistics and traffic via images
If you are interested in Bitcoin, take a look at my analysis too.
https://steemit.com/bitcoin/@goyapro/bitcoin-btc-update-two-positive-scenarios
Could this be the Bearish scenario of the big picture??
In this count, you have have 4 overlapping wave 1. That is not allowed to happen.
Oh! Thanks a lot for the info.
Thanks for you sharing post.
I wish you MAAAAAAASSSSSSIVVVE PROFITS!!
I dont know why google's make a decision to blocking ads crypto.
very nice. I like all of your stuff because your content type is very educational
nice post
to $10,600
https://steemit.com/bitcoin/@gbksa/bitcoin-should-potentially-reach-usd10-600
Up or down?
nice info
https://steemit.com/notice/@kingbet/the-national-security-agency-of-the-united-states-develops-a-system-to-identify-bitcoin-users
BTC seems to be back at $20000 this Q3-2018
@haejin please can you do an update on XVG, it's been some time since you have. Thanks for all your insight and good work
Great video! @haejin, you nailed EBTC a few months back when most people thought the project was abandoned. Would love to see an update on this amazing project if you get a chance. And as always Bitshares and Digibyte updates are more than welcome :)
on trading view, magicpoopcanon had an interesting analysis of the head and shoulders at the all time high area. though the neckline was broken it reversed up to 17k, which he termed a 'head test' that never reached the head, and then we started going down. then we had that recent big inverse head and shoulders (head being $5900) that didnt break that neckline around 11.7, and noted (via his chart) showing the 7200 area looks like another head test which again didn't reach, which could still leave that larger iH&S in play. i thought it was an interesting observation. much easier when visually looking at his chart. wonder if you could comment on that if you had any thoughts.
Congratulations @haejin, this post is the forth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 62 and the total pending payments to posts in these categories was $2831.23. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 124.99 SBD, based on the pending payout at the time the data was extracted.
If you do not wish to receive these messages in future, reply with the word "stop".
Dear @haejin
You have been flagged via the flag-a-bitch app. The reason is you have been found to be Raping the reward pool with a rate of around 2.133% of the reward fund. To add onto this, your TA's are so horrible that a simple check with a mock portfolio will provide a negative value.
The flag-a-bitch app is being used on you because of your consistent blattant abuse of steemit through means of: abusive self-upvoting, collusive coting groups, and disagreement on rewards. Since we deem that you have been damaging the steem economy, we flag you.
If you would like to help us out with our quest to fight abuse you can check out our post here.
Thank you!
Y
Basarili
Make sure you downvote all of @Haejin's scammy post!!!
_LI.jpg)
Hgin You should stop your SCAMS NOW!!!
https://steemit.com/stewardsofgondor/@iknowwhoyouare/i-haven-t-gone-away-and-continue-my-efforts
@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.
@Haejin You do not provide any entertainment. I brought you some.
why do you worry so much? jealous?
I wish you MAAAAAAASSSSSSIVVVE PROFITS!!
I have failed in kindergarten. Everybody give me attention, or else I'll cry.
I wish you MAAAAAAASSSSSSIVVVE PROFITS!!