SUMMARY
Patterns, patterns, patterns! I had previously shared these Head & Shoulders fractals before and their repeats are uncanny! The below chart shows the fractal boxes. The arrows show the price touch points. I believe still that one more lower low would be ideal to finish off this correction.
Here is a higher resolution view of the H&S fractals. The blue outline of the perhaps last fractal of this sequnce is traced out.
The ascending wedge is combined with the smaller H&S fractal pattern. These indicate one more lower low is likely.
Legal Disclaimer: 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
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!!
Follow me on StockTwits for UpDates!!
--
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1534BY1La4z5x9c5oD69rxaZCHmq7d8C7B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
hmmm right good update
What a marathon of a correction this has been! Surely it must be running out of steam soon. For all the haters this analysis is absolutely priceless to help us all stay calm, keep our minds at ease, and help us ladder in to new positions during this excellent buying opportunity.
I believe an even greater buying opportunity is coming and so people should probably not buy just yet: https://steemit.com/bitcoin/@investingtips/usd7-000-bitcoin-incoming-before-cme-futures-ends-today
I agree with you and am counting on that to happen. :)
Now heajin again changes. 3 times in 14 hrs.such a fraud.
In morning update haejin shows that bitcoin will go lower to 8500 now his prediction changes in few hours a bullish flag. Lol haejin please dont make fool more by stealing their rewards . Stand on your predictions first then publish. @salahuddin2004 mention 3 days ago there is a buy signal on bitcoin. Now if you people wise think before trust him. I know he have multiples account from which he comments here as well. Even yesterday's one @salahuddin2004 post
Other guys right about him are .
@bachone @berniesanders @spiritualmax @stanhopeofficial @rikuforsell @estream.studios @ngc @danknugs @theyeti @sonny.dharmawan @t-belema @the.bot @ozchartart @rewardpoolrape @nextgencrypto @lopa @decuration @haejinsucks @tuvokhl
In morning update haejin shows that bitcoin will go lower to 8500 now his prediction changes in few hours a bullish flag. Lol haejin please dont make fool more by stealing their rewards . Stand on your predictions first then publish. @salahuddin2004 mention 3 days ago there is a buy signal on bitcoin. Now if you people wise think before trust him. I know he have multiples account from which he comments here as well. Even yesterday's one @salahuddin2004 post
Other guys right about him are .
@bachone @berniesanders @spiritualmax @stanhopeofficial @rikuforsell @estream.studios @ngc @danknugs @theyeti @sonny.dharmawan @t-belema @the.bot @ozchartart @rewardpoolrape @nextgencrypto @lopa @decuration @haejinsucks @tuvokhl
why so salty?
What a parasite!
I can't understand what Haejin's patterns mean, but I think everyone knows what this means: https://steemit.com/bitcoin/@investingtips/this-is-the-real-bubble-not-cryptocurrency
Yeah he is pretty salty and the obvious shadow account of @salahuddin2004 or possibly his gay lover.
Not sure which.. Does show poor form though in his continual spam posting of links into another persons blog..
Also the market changes day by day, every day.. you have to continually adapt and update your analysis as new information becomes available..I do all the time in my TA.. things change during the night, during the day, new patterns emerge, and old ones invalidate themselves.. nothing wrong with making changes on the fly.
Also.. dude is certainly a winner as can be determined by him calling the bottom on BTC 11 days ago, sounding the all clear and saying correction over
here in the comments..https://steemit.com/market/@salahuddin2004/4zejn5-bitcoin-will-retest-20-k-before-30-march-2018
Accordingly he holds some $13,200 BTC, while I hold som $9987 BTC.. But hey.. he is the bomb according to @umerfuckretard.. food for thought...
@haejin love your wisdom dude, you inspire me! :D
Do you think it’s still possible for the price to breach the resistance to go to $14k first and then down to lower low? @haejin
Highly doubtful. I know Haejin charts from a purely technical perspective, but one must take into consideration the futures contracts coming due, and the most desirable timing for the price of BTC to be at its lowest. BTC/USDT on Bittrex is being held up on purpose and gradually being let down--a controlled, directed, slide downward.
I pose 2 scenarios: whales drive the btc price under 9k, but buyer's hunger for cheap btc keeps prices in that $8600-9000 range, OR the buyrs greed is used against them, and if the price can be driven below ~7800, a panic sell may occur, making prices tumble to (possible) $7k region. I see the first scenario as being more likely though.
Me being the consummate conspiracy theorist in my own TA on this site I tend to agree with you and have considered the futures impact as well as the economic summit both of which are coming at nearly the same time.. a post about the latter can be found here: https://steemit.com/cryptocurrency/@ervinneb/if-you-own-any-crypto-you-should-read-this
This gets my vote, Gregory Mannarino, "The Robin Hood Of Wall Street.", reckons all derivatives are rigged
It's such an interesting study right now with the contract ending in a few hours we get to see how connected walk street and the whales really are.
Where can I get information on the bitcoin futures? I haven't been able to find shit on them.
I thought today was the 26th lol. The contract ends at 1/26/18 at 3:45pm East Coast time. I had to search for that info it was hard to find.
I read 4:00pm London time which would be 10:00am EST. Where did you find the info? Was it somewhere on www.cmegroup.com?
I searched through CME and couldn't really find anything. Past the contracts expiring, what's the significance?
It's a US future contract so why would it be London Time? Plus wouldn't that be 9 pm est after the market is closed? Sorry I don't have a link but I did find it.
It’s more about breaching 11600 And hold for sometime or it will come down to 9K-ish. Looks like it didn’t hold too well at 11.6K. So it’s bound to come down in the next 2-3 days
I guess we will see what happens today if it goes to $11.6k and holds or not.
Since cryptos like taking a long time to correct, it seems that it's too soon for a final dip to 8-9k. We'll see tomorrow.
i had the same view, agree with your charts
Good call man, looks like your on the money.
One more lower low...so we can rocket off to 70000>>>>>>>>>>>>>>>
It might also go to 17-20k (which is what I believe based on fractals), then it might slowly go back down and really take off in December. Just a different scenario. I didn't do any analysis to back up the second scenario.
thank you very useful information
The Bitcoin correction theme song! Eventually it ends.... at some point in the distant future :)
ahahaha :)) cool song
will last maybe 2 week or so imo ...
@haejin (74)Thank you for the information
just yesterday I was seeing the same thing, 100% correct with the analysis.
I support my opinion is that I could continue making fractals in the low.
The first fractal calculation that could reach 9300. And the second reach the trend line.
Yesterday's BTC graphic moving in Fractals of Shoulder Head Shoulder
I like your graph and agree for the most part.
The pattern shows a deep dive after each h&s pattern so the last pattern may not appear. At least that's what I'm hoping this has been painfully slow.
My TA has come to essentially the same conclusion with different indicators and pattern analysis.. so I would agree https://steemit.com/bitcoin/@pawsdog/1-25-2017-the-market-view-and-trading-outlook
Everyone please stop feeding haejin money! if you say that ten coins will rise a day obviously your going to get a few hits in this lucrative market. He makes multiple posts a day accumulating over 300 dollars a post. We need to stop feeding him money because all he does is decimate the reward pool and doesnt care about steemit or steemians! NO MORE HAEJIN
ouhhh excited for the next days !!
thanks for sharing
Wow! how much lower is thing going? Good time to pick some up.
I am still trying to figure out why the BTC buy support on Poloniex of Steem is nearly double the usual of 70-80 at 150.
The sell orders are about 200k lower than usual.... I suppose it will drop again in a week as people see the ability to take a quick profit.
Iam now invested.....
Weldone @haejin the crypto lord.
@haejin pls check out my TA I would love to hear your opinion
https://steemit.com/bitcoin/@drumsta/ta-bitcoin-correction-is-over-price-projection-49225usd-by-may
Can we hit the lower low now and continue the mooning? So tired of waiting
bitcoin could go up.... or it could go down. None of us really ever know for sure. At least it's fun to speculate and withdraw profits when they happen!
i don't know... the daily and 4hr MACD is curling up very nicely. RSI is on the lower side. Storch RSI on Daily is turning positive too. I think we might hit to the larger wedge line at 14K before going back to 8k
Thats why i love expert @salahuddin2004 he dont rely on single thing. Haejin only knows elliot waves. Its a truth. Think about these things.Goodluck
This looks like a great buy guys... https://steemit.com/bitcoin/@investingtips/this-is-the-real-bubble-not-cryptocurrency
Dont worry haejin will change TA again in next few hours. Thats why i love my man @salahuddin2004 he stands on one prediction and call a buy signal at 10k at that time.
Very good. Lets see.
Muchas gracias por compartir tus análisis
Could you do one for ethereum as well please?
Great, but i wish i understood all those.
There is nothing to understand, you just take the chart, add lines and triangels here and there, be vague and leave it open to the viewer to draw conclusions, can go up or down anyway.
thanks for this newsful post..so thanks..keep it up
its the right time to buy them
for hodling long term always good to buy under 15k$, but better wait for < 9k$ for better price right now imo
Does Volume need to confirm H&S in a fractal array like this? I can't see it doing so.
nice info buddy
keep it up
Hi @haejin!
Can I make a suggestion please.
The title of the post is: Bitcoin (BTC) Morning Update
Morning where, I mean which timezone?
It is better if You refer to it by timezone, for example Bitcoin (BTC) Morning (ETC) Update.
Thanks!
Morning in the US of A, son. The only timezone that counts and the only country with currency that... how should I put it... matters. USA is the center of the universe. Everything else is secondary.
sorry for waking you up but CHF > USD ;-)
lol
@haejin always wishes a good morning/evening depending of where we are in this world, watch the videos ...
Lmao
He is based out of the Eastern Time Zone in the United States. That's why it is morning for him right now.
Yep, in waves.
Thx for TA. If you want some free coins check my blog for airdrops :)
risk high😱😱
Thanks for the frequent updates! I'm hoping stellar keeps climbing! it is on a good trend right now!
Please check PRL .
The head and shoulder pattern shows another 11.4K touch and then drop to 9K-ish
Haijin you steem dollar making machine! haha. Keep your predictions and analysis coming.
https://steemit.com/bitcoin/@shifat/robinhood-app-or-or-add-bitcoin-and-other-cryptocurrencies
Volume on left shoulder is less than on head and right shoulder.
I can't ever follow the BTC patern any firther than a week from today, any news can change it dramatically.
Very interesting and also I completely agree. Bitcoin is giving all the signs that it will still go down, however, it is difficult to know how far it will fall.
Thank you Facebook, I can now farm without going outside, cook without being in my kitchen, feed fish I don't have & waste an entire day without having a life.
This is very eye opening, i look at the charts everyday but never look at things from that angle.
HODL HODL HODL HODL
Surely bitcoin's days aren't numbered. Is it a cryptocurrency of the past or is it going to prove to be the most bankable coin we will ever see? Time will tell!
Hi :) is this a correct count? and a plausible alternate for BTC righ now?
if it doesn't break the support at 10400?
I've got a feeling Bitcoin will fall even further soon. Check out my video and prediction.
Thank you for a good article. Have a good day :)
Everyone please stop feeding haejin money! if you say that ten coins will rise a day obviously your going to get a few hits in this lucrative market. He makes multiple posts a day accumulating over 300 dollars a post. We need to stop feeding him money because all he does is decimate the reward pool and doesnt care about steemit or steemians! NO MORE HAEJIN
yesterday there was a new ATH prediction today it is a new low - unfollowed!