SUMMARY
The correction is more clearly taking the ABC pathway as shown in below chart. The blue circle represents a cluster of support that should represent a god C wave spot. Remember, corrections are healthy.
When defining the ZigZag subwaves, the A has five, B has 3 and C has five. Note the white five waves for red A, the three abc for red B and the projected five wave down for C.
Ethereum (ETH) is also continuing it's trek towards completing the red C wave of the ABC correction. For now, I have it at the 0.618 Fib zone for the C wave target; however, it could be the 0.5.
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
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Tutorial on the use of Fibonacci & Elliott Waves
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thanks for analysis of btc price, can I have yours of COB as well?
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Haejin, I love you.
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Aw, that is so sweet!
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@haejin, I love you
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Yea agree with you .
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👍
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Definitivamente todo va conforme al análisis, la resistencia marcada aun es muy fuerte ara poder superar los 10K, esperemos que con la siguiente corrección pueda agarrar mas fuerza y pasar los 10K y buscar consolidación por encima de los 10K.
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Really you are so brilliant @haejin, but you don't care about other, life is special and we all have alot to achieve okay boss..
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ZigZag means move down?!...:)...
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Good~
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So up after this?
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Hi, Haejin gives no answers, he only does a TA using technics like Elliots wave counting. Good or bad news, emotions, new launches of coins on exchanges or new exchanges etc. are not taken into account. Time to visit another blog?
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This isn't really true. Haejin, like any good analyst, usually produces a primary projection and at least one alternate probability, if not many. Those projections don't always have buy or sell targets, but the direction resolution is always included, no exceptions. If he does not indicate a primary direction resolution it means he is waiting for more information or there is not enough information to discern which way the breakout will go. In my experience this is less common than the direction projection scenario, at least in haejin's posts.
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When you do a TA for 10 different coins per day, there is always something of truth, after all, nobody checks this afterwards. if you have to earn your money with it, this makes sense. Adjusting the expectation is logical, but not on the basis of a few hours, that is more "go with the flow."
I myself still refer to the prediction of March 17, 2018, and compare the progress so far.
But I do not see an answer to your Haejin question, so I'll give it to you:
Nobody knows, because then you would be very rich and have better things to do than posting on SteemIt ;-)
By the way, my prediction through linear interpolation is that Bitcoin will reach $10K at May 10 or 11. No rocket science.
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how about looking at my past posts...and I do make a forecast..based on 35 years market analysis..see if my calls have been accurate..without wave counts and 10 charts per day. thnx..
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You see Bitcoins goes up, not down, and now... just admit we do not know what is gonna happen, to be honest, it is just a guess
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Step one:
-Steem power
Step two:
-Upvote Haejin's posts
Step three:
-Success
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Yeah, Thank for good forecast :-D
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ID name is@sujanbarua1. But yesterday this account is hacked.... ,, This ( @tommisetiyawan) person hacked my friend's ID. Please Can you help him to get his account back???
He ( @sujanbarua1 ) is my friend. Please @haejin, try to help my friend to get his account back...
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Great update; let's see if the golden ratio holds up on this impulse, the subwaves look a little strange at this point but it does jive well with the larger picture.
Haejin is collaborating with Tone Vays, and other notable analysts to bring us a special toolkit that will give us an edge on the market - Remember to sign up through Haejin's link that he provides or else you won't be supporting Mr. Lee!
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Yes. I Agree.
thanks for the analysis.
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.
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Could to add price to your charts ? a Y axis would provide More information cheers
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was thinking the same do you think the same for ETH and LTC? when do we know it's bottomed?
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