BITCOIN (BTC) Morning UPDATE: BREAKOUT!!! PRICE SURGED OUT of the BULLISH ASCENDING RIGHT TRIANGLE PATTERN as PROJECTED by @haejin!!

[haejin]

SUMMARY

First, the video has a very good explanation on how fear and greed emotions can be managed to better your trading. I recommend you view it.

Overnight, Bitcoin (BTC) BROKE OUT of the VERY BULLISH Ascending Right Triangle!! Volume confirmed with a surge as well, so this move is quite decisive. We should later be able to count impulse actionary Elliott Waves to track its progress towards $13,884 and most likely MUCH HIGHER!

Here is the Coinbase Chart showing the Bullish Ascending Right Triangle.

Here is the Bitfinex chart showing the breakout as wave 5 with equivalent surge in volume!

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.**

Comments

[bitcoincompany]

its altcoins time get on lisk steem guys be smart

[unlockrs]

after 13k, should we expect retracement?

[docmastery]

I don't know about this @haejin but Bitcoin and USDT are in for a huge dump. THere's a scandal about bitfinex pumping Bitcoin's price.

https://steemit.com/bitshares/@docmastery/usdt-printing-out-of-thin-air

[pmiskeen]

I start my day by checking your technical analysis Haejin. Very thankful for the advice.

[szmyra]

Same! Maybe not "start", because there is like 10 hours difference, but it's a must read each day. I tend to refresh Haejin's profile each hour or two to see if there's something new :-))

[dlslipa88]

Same here but refresh his blog page at least 6-10x per hour (except around 11pm-5am ET that’s when he’s getting his much needed 😴 and no activity in his page).

[pmiskeen]

Exactly the same with me. I kinda wait for Haejin to wake up !

[crickettipster]

We are all a part of that same group I suppose - eagerly wait for Haejin's analysis and decide on what to do with the trade for the day based on that!

[change-4-a-buck]

5 of (5) of V of (V) is in Guys Take NOte --Massive Correction will soon follow --- or so it looks

[change-4-a-buck]

Heajin -top in ?
bear market ?
stay tuned I guess -
thx Haejin

[bobreedo]

Video link not working....thanks

[nsix]

yep video broken

Edit : working :)

[scorer]

Video is working now. 👍

[hassanjony]

Another informative post about bitcoin, thanks for sharing this

[minnowpond]

@royrodgers has voted on behalf of @minnowpond.
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            To receive an BiggerUpvote send 0.5 SBD to @minnowpond with your posts url as the memo
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[steemsyndicate]

From my experience with @minnowpond &company!!! Avoid him is a scammer!!!

https://steemit.com/scam/@steemsyndicate/from-my-experience-with-minnowpond-and-company-avoid-him-is-a-scammer

[beingsamadhi]

your analysis is very very good. i appreciate your insights. once again your correct

[szmyra]

One request - could You please refresh Your view on IOP? It made great move recently (just like in Your analysis), but right now I'm not sure whether it already finished circled wave 1. Your previous analysis was here:

https://steemit.com/bitcoin/@haejin/internet-of-people-iop-usd-target-usd16-09-567-profit-potential-iop-btc-target-0-0126-btc-40x-profit-potential

[digitalisbetter]

This is the first of your posts that I have checked out and will follow you now to learn more about technical analysis.

[tokyoin]

Click Click Boooooom...upvoted and much respected...

[tokyoin]

Also here's Midori's playing Mendelssohn with the New York Philharmonic. Hit play, lower the volume and then click play on Haejin's video...talk about relaxing....

GREAT MUSIC TO LISTEN TO WHILE YOU TA....

[zooom]

Seems to be very important to keep my own sentiment in balance with the market trend.

[saliv8]

Wicked! You legend haejin :)

[ivandex]

So much I learned that day, thanks Haejin on your calm, wise and experienced contribution... other wise , probably sell all !

[wasimk87]

This is more informative conten about Bitcoin.I have learned more from your post.Thanks for sharing this valuable post for us.I am waiting for next content.

[subz]

Copy. Paste. Post. Yeah??

[cryptosuf]

Haejin, can you please take a look at this? I cant determine where the cup will be finished? maybe it has already finished the handle and its getting ready to shoot up now?

What do you think?

[szmyra]

Honestly to me it looks like both cup and handle already completed and recent move is already "the shoot up" phase.

[change-4-a-buck]

hey Bro - look at ETN -its forming a cup --its looks real good - I'm in✨🌟 ETN 🌟✨ Block chain goes live next week or very soon -🌙💫 Mobile COIN - Mobile MINING ☄️💥☄️💥

[cryptosuf]

cool! thank you bro ill check it out right now

[change-4-a-buck]

i dipped my toe with 30k shares-- if pull back happens will double up at the min

[financefreedom]

[mahyardean]

thanks for this great analysis :)

[demonklyd]

Thank you very much. Still learning from each of your videos. Looking forward to learning from the next one!

[taskmaster4450]

BTC looking very good...a year end rally perhaps?

[rabenstein]

God bless you. My learning skill is getting time by time better. Patience is a difficult thing to learn but it is possible. God bless you

[kailuablue]

Thank you! Your whistles are technically precise and beautifully expressive...🙏

[salvis]

very usefull information - thx a lot

[cannonball6]

Talk about a KABOOM! Check out Whitecoin versus USD and BTC. My question is, given the extended 5th, should we expect the retrace into the shaded areas on these charts? Thanks for your great teaching, appreciated as always.

[cilixta]

Thanks - Can you analiz SC

[cilixta]

THANS- CAN YOU ANALİZ SC

[bitcointv]

Thank you!

[financefreedom]

[andyblack]

amazing work as always! lets hit 13000!!!

[holiday08]

As always great technical combined with experiences analysis you gave.

[bransby]

Thank you Maestro! Another TA lesson, zoom out!

[financefreedom]

lol

[marvirafael]

i've been reading the elliot wave principle book. but, really, technical analysis is just so damn hard. thank you always for your posts