Bitcoin (BTC) Evening Update: Fractal Call Remains Unchanged

in #bitcoin6 years ago (edited)

SUMMARY

NOTE: If this blog gets downvoted; @ranchorelaxo has our backs!!
Video Updates to return in the morning!

Bitcoin (BTC) has risen out of the recent bottom as shown by the below chart. IF the C wave is in and complete; then I've labeled the Elliott Waves accordingly in blue and white on the right side of the chart. I'm still calling for a Fractal play between Fractal #1 and #2. This means that both are of Expanded Flat corrections and price shoudl soon see higher highs.

Remember that corrections are healthy; while others wale at corrective waves, those who are more aware buy more rather than panic sell. Again, if the first Fractal can be any guidance in that it moved price to $20k; then the second Fractal should move it at least to all time new highs.

I also want to point out that the volume does NOT confirm a Head & Shoulders. Remember the nay sayers in the comments calling for $4,000 to $6,000 price because of a Head & Shoulders top? I had disagreed from the onset of the correction. The fractals are still in play!

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!!

--

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.**

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I sent you $20 in ethereum, my freind. Hopefully soon I will be able to invest as I am currently unemployed and have limited funds, but things will change for the better, I pray. We all appreciate you sticking around, we need your wisdom!

There's your donation back in Steem. Good luck in the...job/money search.

you are and example for all steemians to follow sir

I remember when I was in high school, my Chinese freind was teased and bullied by everyone, and so was I, because being Spanish or Asian wasnt popular back in the 1980s. They called me "Spic" and called Ken Lui "chink boy", and when they ganged up on Haejin, I had flashbacks of how my schoolmate and I were both socially marginalized, Thats why I went all out after the cyber bullies who felt they were above us. Im glad this has blown over, as it has drained a lot of energy from me and we need positive energy, not negative greedy energy on Steemit. Sometime you have to lose to win, Thanks, TT-dogg, voted , followed. I cant believe how many people voted for me, I really appreciate it, its restored my confidence in Steemit. There are many, many others who backed up Haejin, also, and they deserve credit too, I wasnt the only one fighting the whales! (I thought my posts were funny and sarcastic ) In my humble opinion, I think we should use litecoin or ethereum to help each other out when needed, as Bitcoin transactions are too expensive and take too long. The ether and litecoin will be transferred immediatley, and no one can steal it or downvote it! Finally, the Nerds and Geeks of the world have a safe haven, on Steemit!

Thanks for supporting Haejin, I wish you massive profits!

good lucky to you

God Bless you. I will pray for you too.

upvoted......I to when @haejin was fairly new to this community sent him 50 steem....

Yes, don't let the likes of Bernie Sanders and other whales intimidate you. Minnows are here for you!
Please do analysis of verge, it has dipped so fucking low! But I'm still HODLing!
Good job!
#peace

Good luck to you @marcoagarcia3rd ! Keep believing and money will come back to you.

nice to see the Steemit community coming together.

Haejin, I powered up my life's savings for you. :) I SUPPORT YOU!

respect

Wow, this guy is NOT KIDDING!

Well done, sir!

I've been following Haejin long before steem. I've learned so much from him.

That sounds like a leap of faith to me right there. :c)

I sincerely hope that it all turns out alright for you.

Holy jezzz... you are the MAN...

Power up ? Is a good idea to invest all your STEEM .

STEEM is going to the moon!

Welcome to Steemit and good that you come when it matters! ;)

Putting you savings in Steem will do you better than keeping it in a bank account. I wish you massive profits!

If you dont mind me asking did you buy and then let sit in account? I am new here and still trying to figure the whole process. Do I need to buy #STEEM in order for this platform and community actually make some leg way and get profit? @johnny-appleseed

I'm kinda still learning myself. I'm vesting people through minnow booster. Then probably see how that goes. If it does well it just means more support for the whole community because I'm going down with this ship.

You don't need to buy steem at all to contribute to the community. You can start by blogging everyday and posting meaningful comments that enriches the community. Buying Steem on my end was simply to support more of the project and the community. If you power up your steem like I did, then you can comment and reach a bigger audience because you have more money to give. I powered for my own reason because I believe in Steem and want to support Haejin.

@johnny-appleseed That's whats up man! Glad you believe in the platform, and able to support others in the community like @Haejin. His post has been Grade A, and just recently found him from someone else and maybe some trending post as well. #Goodluck on your journey and I am sure I will see you around again. Until next time, #HappyNewYear and lets make it grow!

@haejin I support you too. Your visionary fractal patterns you find is amazing!

I think Bitcoin will tank some more. Here are my arguments for that: #20, #22. But in long run your prediction come to power!!

Dont miss another update from @Haejin

Anouncing @Haejin SMS notification service > https://steemit.com/elliotwaves/@libertyranger/steemit-new-blog-post-sms-messaging-for-haejin-crypto-annalist-post -- Please resteem this post

@johnny-appleseed how we improve our steem dollar and steem power please help you have good SP please vote and help

I was literally just preparing a post wondering whether we were still on course for this fractal! Glad you beat me to it, but here it is in part anyway, I already had it prepared...

I think we all missed our teacher over the last several days. I have also seen other posts calling for a drop in BTC to $6000. I recalled that Haejin recognized that possibility but did not consider it probable, so I went back and reviewed one of his posts from a few days ago, discussing fractals. He showed this image:

Now look at the current BTC/$ chart:

When I zoomed in on Fractal #1, I think we are here:

Haejin's BTC fractal 1.001.jpeg

Would really appreciate any feedback!

Great observation my friend..i was just thinking of this today...the similarities are really appealing..cheers

I have a doubt. Ive been investing in haejin suuggestions such as BTS, MCO, EVX, ANT. But if this happens with BTC USD, all these altcoins btc ratios will fall massive?

A bitcoin bullrun brings forth the altcoin popcorn symphony :) the alts can rise (% wise) much faster than bitcoin so these ratios can still be higher against bitcoin.

That's what i was thinking too, because the USD values have made new highs in many alts but the BTC pairs have just started...of course it's anyones's guess, but i have a gut feeling that alts will run too

Have some alt coins too, all still in correction, do not worry about that, could take weeks, but they will go up. MCO is a bad joke for me, bought then goes down in a few hours lol, I laddered a bit and bought some more. Anyway in a month or two they will be 150 - 200% profit (at least I hope :-) ).

Seems we some interesting times ahead.

Who is @ranchorelaxo? Is it your alternate account?

He is a whale who started supporting @haejin 2 weeks ago because of the gains he made through @haejin's call .

Hi @haejin ,
Welcome back ,haters gonna hate we have trust on your analysis. Please provide your analysis on Verge(XVG) , i invested lot in it and literally in bankruptcy if i sell as of now. Please, provide a analysis !!
Regards,
Nitin

Wait bankruptcy?! You’re not suppose to put everything on xvg specially on something as volatile as crypto even master H said to diversify. I think you don’t have any choice but to hodl

Take a deep breath, everything will be OK :)

Could you please do an update on EOS?

seems like you are all in on EOS .

Welcome back good sir, I feel good that I was able to make and manage my own trades without your posts and do well in your short leave of absence.

and he's back.

thx @haejin ... could you make an update on LTC?

Welcome back! Don’t let the haters stop you :)

Welcome Back Haejin. We missed you. I can breathe again now.

Welcome Back!!!!!!

Well explained. BTC is once again towards sky.

So according to your analysis what will be your prediction of BTC price before the end of Y2017?

Cheers,
@Yehey

So happy to see you back. Could you give us an update on XVG? Thanks.

Powered up only to support you more.. Been a follower for last few weeks and really like your updates

good analyzing information, Thanks for sharing. i like your post and following.

Thanks! @Ranchorelaxo is a huge whale! I think he could crush the group of down voters single handedly!

I hope he does- with extreme predjudice!

I miss you, i was dead whithout you :( welcome back haejin <3 regards from chile

감사합니다. 늘 잘 보고 있습니다.

저도요^^

Hello colleague @haejin, I hope you feel very well :D. Very good post, I voted for it. I would like to invite you to follow me on my page @emmanuel250998 where I will be uploading every day the latest news about the world of cryptocurrencies. I also invite you to vote for my last post:

https://steemit.com/bitcoin/@emmanuel250998/nitial-coin-offers-have-raised-more-than-usd6-billion-dollars

I would very much appreciate your support. A big hug and greetings from Venezuela ;)

if you would know @haejin you should be aware that he doesn't give a shi* about news and events 😋

I WAS THE NAYSAYER ;)

It's all about sharing ideas my friend.

I'm also still not sure what to do now ... Withdrawed half of my hodling, if it goes up I'll buy back missing some profits, but if this goes down I'll buy more and make huge profit. The problem is for people that does not have more money to put in crypto so the hodling/selling then buy lower question is on the table ... For other people, just hodl and buy more if it drops.

Haejin, I hope you had a great Xmas!
Thank you for the update, always get excited when there is a new post from you..

Great work. Some ideas for coins to look at --- TRON, DOGE, Siacoin, DGB, XRP.

Dear Haejin, every time I read your analysis I feel that I have so much to learn, I thank you for sharing your time with us. 100% voted

Thank you for your analytics. A very optimistic forecast. But don't you think the C wave is not yet over?!

()

Thanks Haejin Lee,
I'ḿ back from Christmas Holidays and was unable to support you against this greedy downvoter berniesanders alias grumpycat alias...FAH ( who makes money with upvoting his own shit). Since you came up and deliver real content his selfvoting botscheme loose a lot of proftits. Thatś why he tried to destroy your blog. Luckily he loosed.
Big thanks also goes out to @ranchorelaxo for helping to protect your blog .
greetings from berlin

He is back!!! THANK GOD!!! I feel so uncomfortable :-( Thank you that you're back, I do not have much, but I support you where I can. Thank you for giving it. You give many people a safe feeling. 1000 Thanks

Good to see you back @haejin. Sent you some ETH as a token of gratitude :)

Glad to see you are back @haejin.....Also glad you say that I had come to a very similar assessment of the BTC charts over the holidays. I'm happy to see you confirm my application of your teachings. Thanks for coming back!

heajin this is so beautiful and awesome post thank you so much for post pls also help me my new friend....

You're really important to us all. Welcome back!

I really appreciate your effort and experties

@haejin You are back!
flowers flowers

좋은 글 감사합니다.

Welcome back! Could you explain a bit more how @ranchorelaxo has our backs?

Rancho has the power to quash any potential downvotes by he-whose-name-shall-not-be-mentioned and his botnet thus restoring peace, harmony and order to the universe.

His name is @berniesanders. I'll take the slings and arrows. After his unprovoked attack on me a few months ago (because I dared to mention "EOS" in the title of a post!), I was as scared as you at mentioning his name.

Now, I'm working on this:

http://berniesandersbot01.xyz/uncategorized/first-things-first-i-need-a-script-written-willing-to-pay-for-it/

It's not that I'm scared, it's just that I don't want to give him any more publicity.

Thank you, it has been total anarchy the past few days. Like an evil spirit- we must not mention his name, or his bots will downvote us. Thank you Rancho!!!

My question is, who is rancho? Is it a human or a bot. If a bot, who owns it?

Nobody really knows, I doubt it's a bot though. Rancho's account is 150 days older than Haejins and it took Rancho a long time to start upvoting Haejin. I'm doubtful Haejin owns Rancho, if that's what you're wondering. Although I guess anything is possible. But still, I doubt it.

Great analysis as always. I personally think that BTC price is gonna go over 20k . I just don't know when but for now I will just hold what I have.

Thank you for the post Haejin = )

correction is healthy indeed. because base on an observation after each correction a new ATH follows.

Was waiting for you. Same thought. Holding until 23000.

Fantastic and interesting post greetings friend

what are you thinking of digibytes current formation? Ready for an EXPLOSION?

is this impact of segwit2x on BTC today ?

Glad to see you posting more @haejin If you get a chance would love to see a post about DragonChain 👍

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