SUMMARY
Current price action shows an upward pointing wedge that could signal a minor correction. The key question is how much of a retracement? The blue Elliot Waves show a modified count different from prior posts. It shows a 1,2,3,4 and 5 about to complete and it would jive well with the upward pointing wedge. Now, I've seen a good number of wedges go against the trend and bust our of the pattern to set a new trend. However, whether that will occur with current situation is a bit up in the air....in a word; I don't know.
If there is a breakdown of the upward pointing wedge, then it is not necessarily a call for alarm. Why? Corrections will always be part of an uptrend. Every impulse has two retracements; waves 2 and 4. While there is the undertone of fear from the bears; let's see if the minor correction can be worked into the overall uptrend.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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?
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Is anyone claims there btcp?
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SHITCOIN NO
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I'll buy yours how much you want?
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You still claim it and sell it though lol. If you don't want yours ill take em!!
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On your last post I told you we could see a downturn. And is looks like it’s just getting started
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There shouldn't be any more correction.
Bitcoin should only go up now. We have waited enough and witnessed it touching $6k now I want to see 25k as soon as possible.
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Actually it does the opposite of what you want.
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PATIENCE MY FRIEND! WEALTH WILL BE TRANSFERRED FROM THE IMPATIENT TO THE PATIENT! ALL NEW 1%ERS DEMONSTRATE PATIENCE!
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Bitcoin doesn't do what you tell it to do or what you want it to do.
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I don't know the chart patterns but I believe it has got a huge scope in future
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Right huge!
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My TA...any thoughts?
https://steemit.com/bitcoin/@cryptoaltcoin/btc-usd-price-update-need-to-break-neckline-resistance-on-reverse-head-and-shoulders-12k-be2fe40ac2108
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What about this ascending triangle?
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Yep. Very beautiful. 👍
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I have little experiences charting cryptos, To me 8,777 or less has an attraction.
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Good post,,, thanks for sharing this,,,
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How terrible,,, i hope you get your medicine be quick,,,
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Thanks for the update
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I could make your pussy purrrrrr
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Thanks for share your analysis but I think Btc is stable that point some time
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I guess you haven't heard of http://coinmetro.info Price projections: https://xcmprice.com
etc..
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Nowadays ico's are like mushrooms after the rain.
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Thanks Haejin keep on trucking.
Also......
It seems the village idiots are out in force again today!!
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Hey, thanks for putting the links in your article as far TA goes. This is something I am very interested in. I love your articles for this reason. Thanks for your time and effort. Keep up the good work!
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Can you update BTS analysis ?
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Nothing has changed since the last update.
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Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 213.64 SBD, based on the pending payout at the time the data was extracted.
If you do not wish to receive these messages in future, reply with the word "stop".
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Interesting... I got different counts, but are microcounting compared to you @haejin.
The support line is also a bit lower, but it is probably different exchange sentiment as I'm charting off Hitbtc.
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Congratulations @haejin, this post is the forth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 42 and the total pending payments to posts in these categories was $3583.15. To see the full list of highest paid posts across all accounts categories, click here.
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best.. im going to resteem it
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Hello Mr Haejin,
that is some very nice technical analysis about bitcoin. I am very new to the cryptocurrency field, and having discovered steemit( and finally getting an account), I can say I am very excited to be here! Like you, I also intend to create educational content on cryptocurrencies. I have made a bot to crawl the internet for crypto related news, and analyse them using big data analytics on my site. I admire your technical analytic skills, I think it is a lot of effort doing such analysis! its really nice to know that this community has very skilled people like u and I wish to learn more from people like you. I like your spinning gold bitcoin too! xD
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I enjoy reading your contents
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Hi, your post has been very nice. I am ready to vote and comment on all of them and hope you vote and comment.My steem id link https://steemit.com/@zarzish
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Kudos!!! Offcourse i expect nothing less than this cos yr last post was quite impresssive likewise this
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If we are in the 5 of a 1 we could see a retracement to 9-9.5 k$ (strong support), after that the 3 of 3 will fiiiiinnnaaaallly come. We are waiting for it for too long now. If of course we are not in the B of huuuge abc ... In that case we have to cast ladder I guess (really bored of that and running out of cash ...)
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It will slowly start to move upwards
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good post @haejin..visit my post
https://steemit.com/bitcoin/@razzi/pc-specification-for-mining-minimal-bitcoin-current-6bbff30d2742c
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Bitcoin short tern bearish according to latest institution COT report as of 2/27/2018. 39% long exposure vs 61% short exposure , Longs dropped 2% and shorts added 2% from the previous week. Be careful long bitcoins this week..
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Dear friend, I know that the error of recognition is always forgiven, but not so that you can sell your face anonymously at the price of altruism. The way you try to update patches continuously for hours is to pay a lot of attention to the many people in the community. I have been wrong and feel ashamed of it. And now I understand why you hide your face.
If you are trying to contribute for community purposes, just stop.
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I really learned a lot from this post. Thanks for such a detailed article for newbies like me! Jessie
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What are you trying to say? Are you a bot? Are you saying that Haejin posts too much?
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Here my friend now you won't look like a stupid donkey!!!
Last but not least, here is my list of Witnesses I've voted for currently. IF you want to be active as a steemit community, please consider casting your Witness votes! My latest vote has been for @steemed
https://steemit-production-imageproxy-upload.s3.amazonaws.com/DQmfZ7qqSedhEm966utg7R6MkYVnxiTPXGyTqptfQ36uUVi
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Meanies
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Enough of your anger, ignore. Sorry.
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The original post
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Can't we just read a post without seeing you whining like child ? I have to ignore you, enough is enough.
Liked the old school rpg gif though, but you are hateful and this is really boring ...
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Why don't you find someone (eg haejin) who will respond to you (seriously) and upvote you (maybe, I mean he's never done it before).
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Always complaining... I have to ignore you, sorry
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You are in th middle of weeds plant ??? lol
Weed smokers are kind people usually ...
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I want your honest opinion on this, who do you think will win @adri1202?
And out of curiosity, do you actually think @haejin will upvote you one day? He only upvotes himself bro, you're barking up the wrong tree sorry to say :(
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I've been upvoted by haejin
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How can people be so disgraceful.
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You forgot that kindergarten now has internet, too. And they are learning some words.
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That's almost an insult to the kindergarden kids :)
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You think that they are from first grade? Sorry for that. 😂
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No, probably one of the "too cool for scool" kids :)
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Thx :) Resteem~~~
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You are a bot! Or you're just repeating the same nonsensical comment.
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