Bitcoin (BTC) Morning Update: Remember the THREE RULES!!

in #bitcoin7 years ago


Overnight, Bitcoin (BTC) breached the downward pointing symmetrical triangl to the upside. My primary count still is targeting teh $23k price as shown by the purple miniscule subwaves. There are other alternates of which I am fully aware of but have not presented in this blog because often it leads to confusion and indecision to Elliott Wave newbies. I also review the three rules for Elliott Waves in the video as the didactice component.

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?

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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.**

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I think I'm going to start staying up all night and watch it. Sleep is overrated!


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What do you think about this analysis?

You have a rich imagination and a talent for drawing in elementary school terms.

You got a 8.75% upvote from @oceanwhale With 35+ Bonus Upvotes courtesy of @stimialiti! Delegate us Steem Power & get 100%daily rewards Payout! 20 SP, 50, 75, 100, 150, 200, 300, 500,1000 or Fill in any amount of SP. Click For details | Discord server

That's the level of IQ you @Haejin followers have. In order for me to communicate properly to you dimwits I need to show you things at your levels.

It should be interesting to see where we go next.

Buying Bitcoin is a big fuck you to the central banks and Peter Schiff !

Thanks @haejin! I have been thinking... what is the ideal number of coins to have in a portfolio? Atm I have ~15 coins. I think it's a maximum number of coins I want to hold. Should I shrink my number of coins in a portfolio to around 5-7 and pick up the best coins I see most profitable in a long term hold, ~1 year?

I will say you should have a number of strong coins (many would say 5 to 10 ) - but You should have a plan for when to get out -- what multiple of profit you're wanting (And Have it written down), so that your emotions won't interfere later down the road.

Perhaps do up a spreadsheet, with all the #altcoins you own listed down. And put down the PRICE you'd be happy selling at. (it can be a Range - this is probably best, so that IF u miss the exact price pt you can still be able to sell & lock in profit )


Thx for the advice!

By the way, I wrote a spreadsheet template the other day, to help me save time while updating it. If you're trading on something other than Binance, you may need to make some changes. Enjoy!

blockfolio is useful for tracking profits

I agree, it works wonder !

I just joined steemit so I could give you the upvotes. Have been finding your information extremely helpful. Has stopped my panic selling quite a few times the last few weeks.

Welcome aboard! I too have found his advice to turn my strategy around completely, and start making profitable trades.

Used to sell when things dipped, and buy more when they topped. Recipe for disaster. Now my hands are strong when it's falling. He showed me Coinigy the other day, nice site supporting lots of exchanges and lots of coins. I've configured it so it saves my scribbles on a per-coin basis, so every time I go back to IOTA it shows me the triangle I drew -- which it broke out of earlier today. Good luck to you!

Thanks @libertyteeth. IOTA was what got me into the cryptoworld. I use tradingview for charts, and most of my coins are following my predictions I made thanks to what I am learning from the posts/videos from @haejin. Corrections are difficult, but the impulses up are doing well following the 3 rules!

Thank you! I wish you MASSIVE profits!!

@Haejin, it really is a wedgie for some..don't worry :)

"Wedgie" lol.. who knows what a wedgie is?

From unfortunate experience... :/


thank you, upvoted, follow and resteem !

i am hoping that your analysis are always very true and it will be like good bright future

Rules? «There is only one rule here in Switzerland: always have a lot of money»

Thanks for posting. what happens after wave 5 hits 52c? Small retracement for new wave pattern?
Still learning, thankyou.
p.s. that's conservative for wave 5 top right? Could be closer to 58 cents?
Thanks for the graph.

@kitkat16 my pleasure :)
yes it should dip I believe after the 5th wave
and yes this is slightly conservative, but I like doing that just a tad bit. I ladder in and out anyways.

Really appreciate it!

@Haejin I enjoy having the three rules drilled in, over and over again. Thank you. Now here’s another upvote for you.

Three rules are 1. Wave 2 cannot go below the start of wave one. 2. Wave 3 cannot be the shortest of the waves. 3. Wave 4 cannot go into the price territory of wave one.

Thank you for recommending me this Elliott Wave Principle book. I can buy it through their website with bit coin!

what website with bitcoin?

If you buy the book from their website you can pay in Bitcoin Good luck!

@Haejin BTW. My small account hit 100% up last night. This is only my first two weeks of trading. The exponential function and so the doubling time is now being monitored. Let’s see what profits come.
Thank you.


wave 3 shoudl be 2.618 of 1; longer

scary wave 4. good call bro. thanks!

Who is looking forward to an Omisego update?

DigiByte ( DGB )
who likes?

Very NICE forward discerning!! You've come a very long way with only a few coaching session!!

Thank you so much Shi fu
I owe it all to you man youre the best there is. I rewatch all your vids all the time.

Sitting on a few of these ;)

Aliitle analysis, my Bitcoin prediction.

Screen Shot 2017-12-18 at 21.35.44.png

Keep it up @haejin, am helping you spread the word!

Your post has been resteemed to my 3000 followers

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Thanks for the analysis!

much obliged to you, upvoted, take after and resteem !

Coinbase 15 min

Cryptos LOVE triangles!

Hi @haejin,

I love your work and learnt a lot from it. Thanks for that. I was waiting for your morning update on BTC to see if my analysis from last night was correct. I could clearly see a head & shoulder. But you didn't mention it. Was I wrong? Or did left it out from your analysis on purpose?

Mentioned in prior evening update

Thanks for given the information

Thanks for this information!

Thanks and very useful information.

Thanks :)

I upvote friend

Thank you!

@haejin What do you think about WTC ? I feel like it will explode very soon ? Can you do a quick analysis ?

What do you think about yoyow? it will progress.

Thanks Haejin~~

Thanks for the update

XRP. XRP. XRP! thanks alot friend

Thanks, I like how you're getting the videos on YouTube so fast.

could you please do an analysis for ven/btc volumn spiked up 7x today

could you do a ta on ven/btc volumn spiked 7x

Good evening @haejin. You said at the correction waves, it is invert and same with wave 5 is mostly the longest, but I remember that you said the correction wave A tends to be the longest too. So that I understoon Wave A's 5th correction subwave is gonna be the longest (more possibility) . Do I understand well?

I am thinking to buy at this place a bit more for short term. 22,500 was in my mind for selling. Lets see

so any predictions on what happens after 23000?

Thank You for teaching us!!! Can you give an update on GBTC? your last target was 2700ish. Today it hit 3300... Time to take profits or will it keep rising?

thank you dude! will you make any updated charts on BCH,LTC,DGB and IFC(infinitecoin)?

Thank you!

Thanks again haejin, I think I spotted a consolidation triangle what do you think?

Thank you for posting links to the tutorials. Chart analysis is something I would like to understand a little better.

BCH brings very fierce competition for BTC because of its low fees and speed. Its also getting added to coinbase. I think this will affect the price of BTC.... The two bitcoins might have to share the market cap.

I finally recovered my steemit! I very much appreciate your analysis and will continue to follow and upvote you content. Thank you Haejin!

Congratulations @haejin, this post is the most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 390 and the total pending payments to posts in this category was $7401.87. To see the full list of highest paid posts across all accounts categories, click here.

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