SUMMARY
This morning I had posted the below chart stating that likely Bitcoin (BTC) is in process of putting in a minor, corrective abc waves and that wave C would probably sit on the former resistance of the top line of the wedge.
Price action to current shows that after touching the now support line, Bitcoin has bounced and is now rising and likely to put in higher highs. I believe hitting the $9,451 level would be most ideal!
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.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
BCH/BTC
Haejin is giving us hope and you are balancing with reality. 😀
Confirm this with MACD, ooops.? The 5 sub-waves on the C leg is more likely already in.
Is making bear calls the cool thing to do right now? Wow. Much Contrarians. It certainly shows how disciplined you are and how much you're in control of your emotions during a correction ahahaha
In that case, here's my primary:
Actually that would be a 1,2,3,4,5 not an ABCDE correction. What you are drawing there is more of an Ending Diagonal which is a 12345 count. Just sayin'
You just can’t hack people who disagree with you can you. Very mature attitude you’ve got there.
I'm not hacking anyone, I'm hacking ideas. Very big difference that no one in 2018 seems to be able to differentiate from. Very sad.
If you present an opinion or disposition you're open to criticism; whether its political, religious or TA. Ideas are meant to be challenged anything else is fascism.
somebody who is paying attention.
yeah i think this is possible
Is it possible for wave B to be Zigzag ? As this B is 535.
BCH/USD buy ladders
Good to see it trending up. As long as we see volatility in the stock markets, that should be great for cryptos.
$9,451 is too much. Likely next target is $9k or a little more. [Personal opinion]
I'm with you. Price would have to go up over a relatively long time frame to reach $9451 upper red line he shows in the graph from morning update or the upper why line in the current update.
It will hit $10k by end of next week. Positive news starting to come through and people are beginning to buy again. I still think Ethereum is the better buy though (personal opinion)
Starts dropping😂. Maybe btc can't cross $9k😂.
i think u r right
bitcoin next target is $10k and up going
Thank you Haejin!
Lol the number's aren't random you don't just get to draw a number from [Personal opinion] I mean you can do whatever you want but that's not Technical Analysis, and this is a TA blog.
THREE Possible Futures for Bitcoin! Which one do you think will be true?! https://steemit.com/bitcoin/@investingtips/three-possible-futures-for-bitcoin-technical-analysis
i think this dude is on the dope.
I saw this. But I think it will rise again a little.
I saw your blog. I appriciate your analysis. But you have to remember one thing, Cryptocurrency is unpredictable.
Nice post...
Thank for sharing information...
no words... just WTF?
i may be wrong..... but... don't think so...
andddd you’re wrong
i'm sorry but it seems i'm not
your 4 overlaps your 1. so nope
mmm NO
Hahahaha absolutely every serious analysts is predicting 4000-5000 in a few days and you are here with your bullish fake analysis... same happens all the time
6000 target
after 6000 -----> 4000$
Thank you for your post haejin!
I've noticed you put resistance line (the one we've broke yesterday) lower than other analysts. I mean the line going from 17k which is the support line now.
So what is the reason to draw this line lower and intercept price at 12-13k on 28th Jan?
That higher one connects to the tallest peak. That would be my next resistance line. For the wedge, I don' connect the upper line to the tallest peak.
It's going to hover around this price for a while yet.
Everyone is an expert on chart reading....if I get dime for every-time I hear it, I will be rich. I wish I have a crystal ball. I think I am gonna go with cindicator prediction.
Haejin in my opinion it is difficult to predict the movement of the price in a short period of time. You must be a very experienced trader to play on such a time frame. Especially when you play with leverage.
I don't use leverage through margin. I don't trade in these short terms. My short degree of trend chart is only for larger wave detailing subwaves. I trade on the higher daily degree of trend (intermediate to primary)
It's quite ambiguous yes, I hope after 20 years of TA you'd pick some things up though
Your faith in a guy you’ve never met and likely know next to nothing about and who your most solid evidence for his experience is his own word is incredible.
@Kevitos Aha you're still here? For a guy who disrespects Haejin's expertise so passionately you seem to float around his blog like a fly on sh*t.
Never change bud, you're golden Pony Boy.
But my question is why all the banks both in america and uk stopped using their credit card to purchase bitcoin ?
Yeah, I found that out right at the $6000 mark. Really bad timing on their part if they are trying to protect their own investments
nice
Thousands Infected!!! - New Monero-Mining Malware Targets Android Devices!
-> https://steemit.com/malware/@blockchain-group/thousands-infected-new-monero-mining-malware-targets-android-devices
Thanks for sharing rely valuable information.
Always on mark. Thank you
Thx for update!
always on mark
thanks sir for share
It will hit $10k by end of next week. Positive news starting to come through and people are beginning to buy again. I still think Ethereum is the better buy though (personal opinion)
Great post master. Very helpful
Bravo! Good foresight!
If it's completed, will rise? Whats next?
The market has been so up and down since I've been into Crypto. It's hard to follow and understand it all. Thanks you for breaking it down some what that I can follow.
this is also a possible count (from @philakone)
i think this is also possible
https://referral.icchain.io/?ref_code=dbda3f49c9034add83964b0df15b1802
We specify the wallet myetherwallet, we enter the group of telegrams
we get 88 tokens + 88 for each guest
Interesting article!
Latest Update: Indian Govt is taking all kind of actions to take down bitcoin transaction. It will definitely affect bitcoin price.. Alert
Don't agree on this one. Declining volume and macd tumbling over. Going for a retest of the bottom.
Very good analysis and is a very realistic target. Let's see what happens.
It will go down further. $9450 is too much. I think it will remain aroung $8000 - $9000. What do you think about LTC (litecoin)...??
Thanks Mr. Lee.
Let the bulls run as San Fermín.
I don't agree about Bitcoin hitting the $9,451. It's very hard to guess what the price will go in couple days. The price now it's only $7 948,84.
thanks~
i think the pull back will continue. we need new money for the price to go up.
its a good time to be buying.
https://steemit.com/cryptocuerency/@daveboss/the-bitcoin-going-to-0-theory
I have one question gor everyone
Target 1 : $5700
Target 2 : $4000
Mark my Words
hi @haejin . I think it will continue to rise in the short term
https://steemit.com/bitcoin/@cryptoewp/bitcoin-technical-analysis-update-11-02-2018
Judging by the charts now we are looking at a potential head and shoulders pattern. BTC topped out at 9064 yesterday. Its currently moving back up form the correction and am looking at it to hit he $8800 USD mark. This comes from the higher lower that was formed on the daily.
Will need to watch it closer on the 15 min time frame to see if we will get a higher high or another dip.
Thanks my opinion based on the 15m, 4hour and daily charts atm
I totally agree with you. the market has shown a rise. it has given positive hope to people. though one should expect both the good and the bad. the market is quite unpredictable. [personal opinion]
Wow! Glad I found this page! You rock!!
?
? 7200 target
This blog is something different from others
This post and specially this comment should be upvoted😁😁
chinese new year is coming whats your view abt it will it effect btc like last time it did?
upvote on my post
Cryptos are very volatile to bad news, even if the news are fake eg South Korea bans Cryptos etc.
New tech, electronic, small but growing communities, questions surrounding regulation and or lack thereof, hacks and thefts etc. etc.
We are part of something big but in the grand scale of things it is still a baby. Our advantage is that we are here and we know about crypto and we continue to learn.
Interesting article! Checkout @cryptobroye for more bitcoin info and analysis. Im sure there's a lot we can learn from each other!
A quick overlay of the exact preceeding fractal from the previous couple days on today. $BTC @haejin
The correction might not be over. This is the first time since 2015 that BTC-USD has dropped below the 200 EMA. Plus, there is a noticeable drop in overall volume since the price bottomed below $6000. There is lack of buying interest from big money folks and institutions. A continuation of bearishness is possible. A common sign of bearish continuation is a brief rally followed by diminishing volume. I'm looking to buy at between 3000 and 4000 if it continues to drop.
Thank you for this TA. I agree $9500 range will be next.