1st Blood Update: What will happen after the Handle is complete? KABOOM Time!

in #bitcoin6 years ago

SUMMARY

Here is first blood with a very clear and distinct message: Once the handle formation is complete, it will be KABOOOM Time!! The Cup & Handle is quite well known within the cryptosphere as the favorite pattern for enabling a longer and sustainable rally. The target remains solid at $10.05 which represents a 488% profit potential.

One more lower low can be expected as shown by the closer up of the handle pattern and the MACD. This is when a buy ladder would be cast!

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 Disclaimer: 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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RAMBO TIME!!! Let's get it!!!

20150122_134653.jpg

I love this, lol

cool maybe a upvote and follow then too

Thank you

you got to be in it to win it!

 6 years ago  Reveal Comment

A pity you did not take the time to learn EW properly before posting your charts and making an Ass of yourself. I will be happy to show you where your counts on the above charts are wrong and why your argument does not hold up if you would like. Maybe I am wrong and you can show me why your counts are right. I have no proble improving my EW and I learn something new everyday.

Love to hear what you think is happening

My personal take is that this is a strong Bull Market and 2018 will see far greater gains than 2017 did. BTC and the Alt coins are pretty much all currently correcting whether it be an ABC or an ABCDE correction. Cryptos love the 'Hurry up and Wait' syndrome as haegin calls it and if you look at the charts all of the coins are getting towards the terminal ends of their corrections. The problem is that Analysts call the bottom of a coin and then we see a lower low and everyone including the Analysts start going on about a Bear market. The fact is the terminal end of a correction is only known once there is a set of impulse waves to confirm it. This is the reason why haegins laddering system works so well for those trying to catch the bottom as there are rungs below the perceived terminal end. Personally I do not try and catch the bottom as I am not patient enough to have money sitting idle for weeks or months waiting for it to turn. I only trade coins with a high trading volume and I tend to trade wave 3 of 3 and get out. Haejin has told me that is the wrong strategy and succumbs to greed, but for now that works for me.

Where did BTC go to $4000.00??? or do you still think it is going to go there?
BTC is currently putting in a 5 wave impulse and if we have a standard correction, We are on our way to ATH. My initial reply still stands

I dont agree on "it's bearish" statement! Do you talk of the coin or cryptos in general? If so, then do some research... I work on the financial market and also in touch with lots of people. The crypto space just started and might get the most power in next next 2 years until the party slows down and only the true and valid coins will remain and show their capabilities in real life applications. But to say we are in a bullish market now? It is the opposite and the year just started.... as last year pretty slow but will gain speed in April I guess.

have an opinion and a good argument, an upvote to you sir

I like the Bulls...

Zoom out and look at the daily charts for 1ST.

What time frame?? Or are you just trying to get new followers?

Great technical analysis. I totally agree with you! 🇷🇴

Well put! First Blood is set to kaboom! Also great charting and comentary👍 Thank You for sharing😆

What about BCPT ?

Haejin,

I love your posts, they are very informative.

I have a few serious questions (not trolling just looking for answers).

  1. How often do these technical indicators suceed and how often do they fail?
  2. Have you ever done dispassionate analysis of how often right and how often wrong they are?
  3. Which technical indicators have the best success probabilty?

Thx in advance.

Well, I had ZERO sucess with haejin :P
Maybe I am just an impatient guy, maybe I just understand everything wrong... but, no bet I did based on Haejin´s projections worked :D
Despite of this, I like his updates :D

is this all sarcasm?

I had one bit of luck with one small trade but I think it was after his technical pattern has long expired. Nevertheless he makes for interesting reading.

Thank you! Update on EOS?

Hey i'm slowly learning ta at the moment, how did you figure out the resistance (top line) of the triangle so early in the piece?

 6 years ago  Reveal Comment

Cheers. I'm hoping it breaks upwards from this small triangle

you people are out of your fucking mind. Just draw random triangles and hope it goes up at some point...

Only sometimes, I'm hoping it goes down if I have a short position on it.

Will try to make it ready for it :)

Love your content. Thank you very much

FIRST 👍 Thanks @haejin for sharing daily your knowledge with us! Keep rockin !

I already won with 1 st thanks to your previous post and with this I won even more

Hey Haejin, would you be able to give your insights about DBC (deepbrain chain).
It went through a massive correction over the last couple days and could potentially lead to huge profits but I'd rather get your opinion before making a move.
Cheers

In fact, Bitcoin is an awesome coin thank you to share it among us

Wow!!!
Please subscribe to me @BestRakibul2

So which exchange has 1ST?

Bittrex is one

Thanks, jst waiting for confirmation now. :)

go to marketcap and see. Just advice - DO NOT USE HITBTC

why not?

Go on their forum and look at their 6000 complaints and unanswered questions.

Is this the subwave of the Overall trend of 213k sat

https://steemit-production-imageproxy-upload.s3.amazonaws.com/DQmSKucY8qTVvT3AAGW3nYdoj17tDTTK8ybaSnRfwKYRHJL

Not that he answers me any more?

Great analysis @haejin following it since your previous post.

The problem with @heajin is that he always somehow sees HIGHS.... always apply the same 2 rules to every coin. The truth is that 99.9999% of his predictions FAIL. YES coins rise. But even kids can tell that at some time coins will rise.

Master Haejin, can you please make a video or blog post about how best to cast a buy ladder? I think I understand the concept (staggering buy orders downward on buy walls), but I'd like to see how you do it and what you consider when laddering in.

He already did..... is posted at the botttom of every post from Haejin.

thanks, haejin !

GNT/BTC looks like its in its d wave today and could break out or go to the e wave tomorrow. Your thoughts?
https://www.tradingview.com/x/GMsPG56E/

GNT is prime. It will RUN!

Your guns go pew pew, our guns go POW POW!!

@haejin your thoughts on this cup and handle on pasc/btc?
https://www.tradingview.com/x/3GeBzkXW/

IF the handle completes. Enough with you clickbait moneygainer titles you wank.

Nobody is forcing you to read this blog...

This blog has a cult mentality. Some slight criticism and people cry about how I don't need to be here... no, I WANT to be here to call out his bullshit.

This blog has a trader mentality, big difference. I am all for constructive and well-founded criticism, but that is not exactly your contribution... I never said your are not welcome, perhaps you just read what you want to read...

wow that's a lot of great information. I'm just getting into the crypto world and understanding charts
following

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i firstblooded that a while ago upon your recommendation

I think there is a Right triangle just finishing. And this could be what Haejin said is going to happen:

FirstBlood is a really great coin with a great future in games, its already integrated with Dota 2 and they'll be announcing 2-5 games in 2018 that will also be integrated with FirstBlood. So be on the lookout! Nice Job Haejin!

Thanks Haejin for your usual excellent analysis. You are hitting on all cylinders with your accuracy. Can we get analysis on BitBean?