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SUMMARY
When is the best time to buy? It's at the terminal end of an a,b,c correction. Why? Because, once the correction completes, price will resume the original trend...UP! FirstBlood (1st) is about at the exact bottom of an a,b,c correction. So, it fits the profile of ideal buy candidate. The chart below shows a Cup & Handle pattern that is just about to start its rise. It therefore represents a ground floor opportunity and that's exciting! I've listed three targets but the wave target is where the maximum profit can be had. This would be at the 270.420 Satoshi level.
The 1st/ETH pair unsurprisingly displays almost identical pattern to 1st/BTC pair! This means that the sentiment segment of both pairs are quite similar. This doesn't mean that later they could diverge, and that certainly does happen. Why? Sentiment changes. The only constant about sentiment is that it changes...but then that itself is a Universal Constant! I've placed three targets for this pair as well and the maximum profit zone is 0.01729 ETH.
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
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
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.**
thanks!
first
could you kindly look at substratum? thanks
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At first, I thought @haejin posts are useless. But today is the 1st time I follow haejin advice..... and the result is quite amazing.....
hajin is excellent at technical analysis. Pro with the Elliot Wave. Use the info he provides but continue to do your own homework.
Got my $5 riding on this
All aboard
thank you
Someone grab the tea cause that is a CUP AND HANDLE
low key made my night... haha
@haejin,
Most of the alt coins are doing good as of this time. So I guess, mostly are having a good time with their portfolio.
The question is ... time to sell some for a quick ROI or Hold?
Cheers,
@Yehey
hi, the answer is quite easy :P
follow the market and as loong you see alts thrive, just enjoy the ride.. when you have the feeling that they get weaker and btc/eth start to pick up, start selling a bit :)
You're saying that alts will go down after BTC/ETH start to pick up?
yes, especially when btc starts to pick up and rise to new heights (20k+)
everyone will start to put their money into btc again.. that has been the case many times before and alts suddenly dropped up to 50%
however i do believe , that the btc dominance might be over, people are realising there are other coins than bitcoin.. but always watch bitcoin and if it starts to go over ~15k , it might go on a bull run.. and then you can start put some profit from alts into btc... when btc hits 20k or 25k .. you can start put some of the btc into alts again..
i wouldnt sell all alts into btc though.. just a healthy portion.. maybe 10-30%
Excellent response
Thank you. wish you massive profits!
I would like to know as well! I have been HODLing for a while now.
I hope @haejin will give us answer soon. I only see the ROI when I see $ in my bank account otherwise still a paper (digital) investment under my portfolio.
Cheers,
@Yehey
Going to attack this like Rambo...FIRST BLOOD!!!
tokyoin..i saw your profile pic and wanted to mention how impressed i am with Digibyte..i've followed them for a very very long time and I'm extremely impressed with their team and community...they are finally starting some twitter campaigns highlighting their blockchain and its uses..i really think large investors would like this one considering they already have companies using them for logistics and payroll...but not many people know this..i hope it's not too late for them to make a comeback...forget McAffee and his dimwhit tweets...many people already knew this was a bitchen coin...cheers friend
I'm impressed too! The fact that DGB allows multi-algorithm mining is key IMO. Since it's SHA-256 (same as BTC) and also five other algorithms, it's enticing for miners which means it will go up in value since mining cost a bunch of money to run. Right now, it's the best coin to mine! Another interesting note is LBRY Credits is about to be very profitable to mine and I think that's another great coin (as does @haejin) to buy. I really want to see @haejin 's chart for DGB past the 0.00006600 BTC wave 5 he posted. I bet the chart is parabolic!
No doubt..JT really did a good job being in charge of DGB...im stoked you mentioned LBRY...it's one of my biggest holdings for a long time...i wasn't familiar with the mining aspect though.do you currently mine LBRY? And what rig or set up do you use? Cheers
In my opinion, all gaming coins will win! The gaming industry is multi Billion and the gamers are mostly tech savvy!
Alright I bought in. Wish me luck!
Good Luck and may much profit finds its way to you.
It's a shame Firstblood (1st) isn't on Binance!
Just set up my HitBTC account...took 5 minutes...Here is a referral link:
https://hitbtc.com/?ref_id=5a4b043f3c744
FirstBlood???!!!!!!!
Very curious what it means if the 1st/USD is diverged so far apart? The USD cup and handle seems to already be moving. Is that a good sign? @haejin
I am obtaininf big profit by raising of firstblood thank to your good information and analysis.
Have a nice day.
Was waiting for a 1st blood review. I have high hope also. Have a happy healthy and prosperous 2018.
@haejin has anything changed for XVG TA in your view? Please short update whem possible.....Im HODL based soley on your TA bc of my respect for your insight and many are telling me im crazy......Its a large investment for me, so i appreciate your insight.....
Looking at it too, think we are just correcting from the massive jump up. I just set a "stop loss" sell order on bittrex just in case it fall too low, I want to book my profits..
But I would love a quick update from @haejin as well :)
Sorry for the beginners question, but how to set a stop loss in btc? I mean what price in btc to choose related to $ when btc is so unstable.
Well that is not a bad question at all for a beginner to ask.
Watch these videos to learn.
@haejin could you do a update on RDD with short term and mid term......Blessings and Hapoy New Year🙏
Thanks!
Thanks! I brought this a few hours ago. I am glad you confirmed my findings. Happy New Year!!
Awesome @haejin. You are very important man. I like you. I am proud of you
seem its over now since the price shot up and went down? What you think @haejin :)
i am definetly in )))
Bitcoin is grip of future speculator , and price are looking consolidating here. I am expecting before up move it will touch low levels $11100 once.
Master Lee. Peace and Blessings be upon you.
Amazing, i was looking at this coin a week ago but didnt commit, def in now
great!
Looks like we are doing first blood with this altcoin
I just bought in, I’m really excited about this coin! It’s exciting finding a coin that hasn’t taken off yet. And the coin has something to do with a decentralized gaming platform which is super cool! Thank you @haejin
Thanks , An RDD update pls.
Thank you.I had noticed,that cup is forming,thanks to your TAs with another coins,so I did not wanted to sell this one.Only I was not sure how high it can go.
Many thanks Mr. Lee. I was able to get in early as soon as you announced this. Can I please request EOS coin for analysis.
Been following this blog for couple weeks now- TA seems almost counter intuitive to other forms of investment (such as real estate) where fundamentals are largely ignored. Having said that, I'm happy to be proven wrong and have purchased some based on your analysis, let's see how we go. Thanks Haejin!
Why these coins are never on binance :(
Hi @haejin Can we please get an update of POWR longer term :) thankyou! I have increased my portfolio by almost 180%, without you it would have been 30~50% haha! I have a feeling this is the year a LOT of people will be humbled by your efforts as I am, Thanks!
@haejin is there an easier method to searching for coins that have potential that doesnt require going through them 1 by 1?
Thank you @haejin!
Thanks to you, my mindset changed from, how can I get more money to how can I help others with my income aswell!
Is that first target 70k sats? I'm finding it difficult to read these numbers.
Thanks
Another good opportunity that you guys might wanna check out is salt.Just did a write up on it and why i think its good.Cheers!
https://steemit.com/bitcoin/@srankoin/salt-btc-massive-buy-opportunity
thanks for this informative post.
Thanks for your analysis Haejin.
good thank you