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SUMMARY
Bitshares (BTS) as had been projected a few days ago, had been putting on the final touches of the a,b,c,d,e triangle. As shown below, price has now SURGED and breached OUT and above the triangle! This is VERY BULLISH and so $0.32 is the next short term target.
Here is the BTS/BTC pair. The abc for white wave (2) seems complete. If so, the white wave (3 )is NEXT! So, how can I confirm that the red a,b,c are complete? The next chart shows the technique.
Count the subwaves! I know that in an a,b,c correction, the c wave always has five subwaves. So, observe the blue subwaves...I count FIVE exact, beautiful subwaves! So, it is very likely that the bottom is in for white wave (2)! I am now more confident that the a,b,c is done and the resulting impulse will bring us to $0.00001851 BTC or HIGHER!
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!!
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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
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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.**
I bought some more last night...another 3,000....
I really hope you are right @haejin....if BTS evolves as you think and it is life changing money, generational money, then we will be looking at a lot of happy steemians.
BTS EOS Steem for life !!!
The “Trinity of Wealth” EOS, BTS, STEEM Haejin might like that 😀
Kneeling at the Church of Dan.
Amen to that.
agree i got into BTS a few days ago
Fingers Crossed.
Great thing about TA, no need to cross fingers. :)
Bitshares is looking really strong. :)
Looks like a trend. Although most of these crypto's do whatever they want. Very hard to predict by charts.
the trend is your friend
Picked up a few bits of Bitshares same time as picked up some SBD & now an impulse wave for another "Larimer" project development♨
Appears to be moving along nicely.
Amen to that!
God bless Dan Larimer
Bitshares is cool and stuff, but everyone's waiting for LITECOIN update I believe :)
Also, could briefly mention, are you still bearish towards MONERO?
He's been talking about LTC for months now. Search through his older posts.
In general...its still good to have updates since even Haejin would agree...there are many possible outcomes every time he does a possible scenario...
@vaneske I know that. Been following haejin for a while. It's that everybody are always interested in coin that is MOONing.
defensive much?!? :D
This post is about BitShares and you are over here talking about LTC. Anyways, I have a couple so I hope it keeps going up so I can buy more BTS :)
https://steemit.com/bitcoin/@haejin/litecoin-ltc-can-you-see-the-forest-don-t-lose-site-of-it-ltc-forest-target-usd539
Still valid!
Moving along pretty much as he predicted!
Usually does....
Kaboom!!! ?
wonderful, I'm ready for the launch!
Yes! It's finally happening!
This BTC correction has been so healthy for cryptos. More sideways movement to establish tech support please!
thanks haejin for the update. wish u all the best
I think and think for months and years. Ninety-nine times, the conclusion is false. The hundredth time I am right.
- Albert Einstein
Exciting...been waiting on this one based on your earlier posts...thanks.
Any updates about BTC + ? thank you
@haejin abcde triangle...Is e done yet or still to come?
Interesting e wave. I was waiting for e wave on EOS but it didn't happen.
Thank You Haejin. BitShares is definitely coming up.
Thanks @haejin for the update...
Just bought Bitshares a few weeks ago because of your analysis... Thanks !
These triangles are lovely things. I'm happy to say I took some mining profits and put it into BTS. Thanks for your analysis. Look at MUSIC, it too just broke out of a triangle, lovely move.
Very interesting read and good content. Thanks.
A breakout, yes! Looking forward to some awesome impulse waves and new heights on the (long) road to $100+ for BTS
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Damn I am glad some people notice these things.
Exactly as predicted, am amazed!