SUMMARY
I provide an update on overnight price actions and how it impacts the Wave IV projection. The bottom hunting is in full force and this video details the if this then that scenarios as well as combines Chart Pattern recognition with Elliott Waves. ALL my bullish projections made yesterday are unaffected negatively.
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
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.
@haejin. I read the comments left to your posts. I never saw anybody who says "you don't know what you are talking about". You do know too much and it shows you very many possibilities. When there are very many possibilities to consider it is quite normal to alert us of all.
Thank you.
Now this is what I've been waiting since my BTC short since Friday. Hopefully things will go well (down).
Me too. I've been waiting for THE drop.
Let's cross fingers.
My only complain is that Binance got rid of Bytom and Hcash. I thought of Bytom was a screaming buy at 4 cents few days ago. Now it's 11 cents and 46% up in the last 24 hours. The next in line is Hcash. It's so low it can triple and still be dirt cheap. China FUD was great opportunity EXCEPT for the delisting of Chinese coins. Let's hope at least Bittrex will pickup some coins.
Fingers crossed!
@haejin can you please tell us which time-scale you are using at every video's beginning? 1H, 1D, 1M?
And also you can give information like how do you pick the resistance line's (and others maybe) beginning points. It would really help, thanx.
Hey buddy, i am also bearish on bitcoin for the rest of the year. I recently published an article about it, i would love to hear your opinion on it :)
I'm not bearish. I'm very bullish. Only awaiting Wave IV to bottom for Wave V up to $7,000 or higher.
You are not afraid of Segwit2x ? :)
I think Segwit2x will be the bottom of price in shortterm
But also a very risky time to buy :/
Let’s get that wave 5 top prediction! 😁
Btc community need a very bad news to create panic and make it go down so much... pure analysis works on Wall Street but not in crypto... even if one day the charts seems to be in a pattern... only with technical analysis it doesn't fit... see all your predictions. One day you say it's going up next day you say it's going down but don't forget bullish bearish it doesn't depend on a pattern that changes everyday, it depends on manipulation and news
You might want to look into EW analysis first and how it works because it seems like you are missing the point of it completely.
I'm not missing the point. I know how to trade crypto and yes, this are useful posts, haejin is doing a great job. BUT, every day I see his predictions btc is going in the other direction. Is not moving up or down too much because of the lack of news. Bitcoin will go down to 1800 only with a negative news creating panic. I don't see it at 500 really
I read the post. You have made some good observations. But I don't think there will be an extended bear period. This isn't stocks. Also BTC community is full of fanatics and cryptos are getting more and more mainstream attention. I pretty much believe BTC will have a major crash after a massive hike as @haejin has been calling. But I don't think there will be a 27K BTC. At the moment I'm 90% sure that the next ATH will be THE ATH. Without a major incident (maybe a crash in stocks), I'm 100% sure BTC won't hit the 27K.
Thank you for reading!
Well I only call for a Q4 bear market, a 🐻 market isn't just straight down. It is up and down, but more down haha
Bitcoin had it's bear markets before.
It's hard to predict the ATH, If you asked people 2 years ago, not many would guess a 5k ATH.
I'm making my calls based on Alt-coins. BTC doesn't exist in a vacuum. It's position of 48% solely relies on the fanatics/zealots behind BTC and the first mover advantage (Plus everything related to these 2) I'm calling dethroning of BTC because pretty much almost all of the top 100 cryptos being better products than BTC. Nothing wrong with BTC, just the other players are vastly superior.
We all know what happened to Yahoo! Nokia, Internet Explorer..... It's the same story with BTC.
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thanks
Haejin , ETH has been showing some strength against BTC , if btc treads lower beacause wave iv is not complete , do you think eth will then follow btc or buck the trend ? Just your opinion.
Thanks !
If BTC dumps big time it will take everything down with it. I have no doubt about it. When its sitting there for a day or two you may see eth or dash or zec get pumped. But when there is a sell off. It hurts almost everything other than some random alt coin.
@haejin I learn something from you almost every day. Thank-you.