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SUMMARY
Overnight Bitcoin (BTC) price action has marked out a symmetrical triangle as shown below. When starting, the first thing to do is draw lines and identify as many patterns as possible. Below you'll see the bull flag, and another triangle, etc.
I believe short term price target is now $18,197....Dead Ahead!!
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.**
MY OH MY.........CNBC HAS FLIPPED!!! Last week Kramer called to get out.....and now everyone on Squawk on the Street is FULLY acknowledging that they may be behind on this thing. Still don't buy Bitcoin fully, but Blockchain 100%......and very very little denial of Bitcoin. This is a MAJOR about face for CNBC. Here we go folks, like Haejin said....buckle up! Once some of these major companies start investing in Bitcoin instead of their banks.....this thing is going literally TO THE MOON.
Muwhahaha.....and Futures are trading for 18k looking toward January.....they need some Haejin in their lives!
AND the SEC issued a red flag warning to investors to be careful investing in cryptos......I LOVE IT!!!
The banksters are under attack and they dont know what to do....the entire financial network is going to be turned upside down and there is nothing the establishment can do about it. Future trading "legitimized" crypto...LOL I laugh at that term.
The fact is people are legitimizing it through their desire for something different. We are seeing it here on steem. 25K-30K a day are on here earning crypto...people who are normally outside the inner circle of really huge profits. Now we are in on the ground floor.
I would agree, there does seem to be confusion tending towards a somewhat frantic disposition on their part.
Honestly, I would not agree. They know what's going on. Make no mistake, they pay people big big big big big bucks to make sure they are on the cutting edge of technology. Whether they incorporate it immediately or not is the only question. It's in their interest to let the market smooth out the waters before they launch their products.
All major banks and lenders are already on track with their own blockchain technology. I'm not saying it will be better or worse, but the vast majority of people will continue to use their bank or investment firm to get into crypto. And the banks will make it easy....let you buy whatever currency you want....through their system.
In fact....I think it will be easier to manage funds at that point simply because you have that many more people innovating on top layers and UIs. I don't buy for one second that the naysayers don't already own crypto or have a very well laid out plan as to when to introduce it to their client base.
Once we get the benefit of swimming through the waves, hopefully surfing them cleanly......then they will come in batting cleanup and get everyone else involved and take a cut. They are thrilled for us to figure out the territory for them.
I'm not saying they are able to compete with BTC, and I'm not saying they own all of us sheep.....just saying.....let's remember who these people are....they run the world, or at least to the highest degree that someone can. Every major company is just waiting for their moment to jump in, and most of them will probably get it right, because they have immense resources. Not to be a downer, just calling it like I see it.
Just get while the gettins good!
Doing the opposite of what Cramer and CNBC says is about 90% accurate.
I'm so happy these geometry are setting up some great gains for the short term. The question is will the little speedy brother follow along for the ride?
Mempool Madness
How does that work? How does the chart drop off completely the 0-5sat group?
Does ethereum also have a similar chart to gauge congestion?
AHHHHH I GOT STUCK IN THERE!!!! What was I thinking.....? Oh well, forces me to hold!
very informative article with graphical representation. amazing stuff. keep sharing your nice work @haejin Resteemed & Upvoted your brilliant effort
man I really dont know how I would survive the crazy btc market without your daily updates, you save me a lot of nervs!
btw... jaws of death sounds terrible ;D
Just don't watch coinmarketcap 24/7! 🚴♂️🕹🏄♂️🎳
yes I know, and haejin was a wonderful therapist on that matter :-)
Thank you very much for this fun and useful information. Much appreciated!
i dont understand why you dont have 176 upvotes. The only way to true massive profits is to learn to read the waves on your own.
What people fail to realise is, this knowledge when learnt can be applied to any trading platform.
Coaching with Haejn is like getting trained by Yoda to control the force.
U r the best! I really want your 1 on 1 !!!!
Very technical analysis.
Bitcoin will drop about $5000 because of Christmas as people will sell to buy Christmas Presents but then it will shout right back up
lol Good joke.
Bitcoin could drop $5000 and I wouldn't blink twice at it.
I beg you @haejin to make an update on LTC! What is this madness?!
futures, the big boys are in town and they dont mess about with a couple of hundred dollars, were talking 100s of thousands.
just view his latest posts or try to learn his technic by yourself. target is 500$
Yeah I have been following his posts and doing counts on my own. Sometimes it's tough to follow his predictions with your own counts. I think target needs to be raised. At least coinbase hit upwards or $400 last night. I think coinbase will well exceed $500 target.
Haejin did an update the other day, check it out. I recommend checkin gout all his posts
Thank you!
Friend thank you for sharing your knowledge about the Bitcoin, it is a guide for us who just started in this world of Criptomonedas. Best regards.
Hey Haejin. Would you please make an update on Bitcoin Cash when you have the time? Or is your previous TA still valid?
Don't know about haejin, but I had some extra time. This is only my point of view. Your decisions are your own. It could be like this;
Yes. When you get a chance on BCH and XBC. Thank you in advance @haejin....
Bitcoinplus... This is only my point of view. Your decisions are your own. It could be like this;
Excellent wave count insomnia...cheers
They grow up so fast....haha, no but really @wvw.insomnia - excellent work! Keep it up!
Thank you!
Agreed. lot of time no BCH update
God Bless You, Haejin. 🙏
you should watch your videos from a month ago!
Unfortunately I'm following haejin only since a bit more then a week and scrolling through his blog wall is a pain (SO MUCH CONTENT!). so what are you pointing out? :-)
what I'm having trouble with is reading IOTA. According to my analysis there should have been the time now for the next impulse, the todays result irritates me a little. Anyone an idea?
https://steemit.com/bitcoin/@haejin/essay-why-is-time-projection-so-difficult-for-technical-analysts
This guy is just good !
that was a good read, thanks!
No idea where bitcoin is taking us.....!!..😂😂
Thanks Haejin! Do you think you could do an update on Litecoin today? It has been going crazy since yesterday I have been doing my own counts but I think our targets need to be raised after this impulse.
Hi, can you please do a LTC update. is the 5th wave done?
I am new to counting but I think this is just wave 3 of 3. Please feel free to correct me anyone who thinks I did my count wrong. Like I said I am just learning.
https://steemit.com/bitcoin/@haejin/litecoin-ltc-can-you-see-the-forest-don-t-lose-site-of-it-ltc-forest-target-usd539 Still Valid
Thank you, again!
Is Elliott Wave Counting Tutorial #4 coming soon? I kinda donated my book away... tried to do no harm, haha... waiting for the 600 paged book, lol.
Any chance of an updated analysis on LTC, Zencash, ZCL (zclassic), MTL and CVC?
My first try on BTG. Would be great to hear what I did wrong. Thx in advance.
Thanks. Any updated wave 3 target for ETH or is it the same ~840$? Tried to time my buy in but failed badly.
Bithumb
http://www.golfian.com/77-inspiring-thank-you-quotes-and-sayings-stocks/inspirational-thank-you-quotes-about-thank-you-for-showing-me/
When in doubt, draw triangles. This one is pointing a little bit upwards though, maybe we will see a return to the previous trendline?
Thanks! @haejin~ have a nice day :)