SUMMARY
As requested, here is an evening update for Bitcoin (BTC) which has been now up against the upper white wedge line. This line has been hit 4x as shown by the blue arrows. Each time a resistance is hit, it weakens; the same for any support. There is likelihood that this white line can be breached. IF so, the the upper blue line would be the next resistance.
Here is the daily chart. The blue line represents the flag pattern upper line. If price gets repelled by the blue line, the the bull flag pattern would become primary. The key here is how the daily MACD is now curling upwards! This could be significant as a buy signal is likely. Overnight price action could enable the white line breach of wedge pattern and MACD buy signal. Is it worth laddering in a nibble? I am.
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
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!!
Follow me on StockTwits for UpDates!!
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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
It's time to buy.
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It was time to buy a couple days ago too. I bought a little just over $10K. So far so good.....
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Looks good. The lower support needs to hold.
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I think not at this moment. It was a few days ago and will be again in a couple. I like HJ's analysis, but it seems to work better in a bull run. This sideways and down stuff throws things of, and he has said it to, because Bitcoin tugs at everything. Thus, all price is hooked to bitcoin, as all coins are priced in bitcoin. Thus the energy of a coin must be great to overcome the tide.
I think we are going to keep cycling between 9,800 and 11,900 or there about for the rest of the month and first week in Feb. Can't say why, but if you look at this period in previous years, this dip in Jan has been there. Then both 2016 and 2017, the real turn up came on FEB 10. I mean to the day both years. Chinese new years ends, tax returns start to come in in U.S. hell I don't know, but I think we'll bounce along the bottom for another week or so. If anyone had been buying at around 10,400 and selling at 11,400 for the last couple of weeks they could have scooped a few grand just surfing the waves. My guess is that a few more thousand can be scooped this way. Anything can happen, but for the last two years this period has just bounced along range bound, and then turned up in Feb - Let's see if it happens again. Mine for cash an be ready.
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Haejin is a bull, so works best in a bull market. The current market is all over the place.. like a tug of war. BULLS AND BEARS. Futures slose tomorrow and with the whale Mike Novogratz saying it will drop to $8000 you can bet your bottom dollar that it going to drop before tomorrow, Thats not a number he pulled out of the sky thats a number he got his hedge fund on.
This is jsut my opinion, not advice to do anything.
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I have been calling for one more lower low for how many days now.
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Yes you have - you've been saying perhaps a bottom
down in the 8's is a strong probability for a couple of weeks.
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he pulled out of the sky!! LMAO hahah!!!
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On further review, Feb 10 was the day the jan adjustment ended, the last 3 years in a row, but in '14 the market went down all darn year long. Let's hope this isn't a repeat of 14 -- 75% drop that year.
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Gosh no not yet...
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yes i am buying:-)
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Yeahh! Of cause..... In my oppinion it was the best time now for long time!
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Nice eggplant. Poo + eggplant = Santorum
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Bitcoin IS looking rather bullish today. I expect the prices to reach $12,500 by tomorrow if the momentum is maintained.
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Your reasoning and conclusions make sense. So what to do is watch closely if the line will be breached. Your timely warning makes critical wisdom.
@haejin Thank you for this wise counsel.
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Thanks for your valuable and informative post about crypto,treding.It is a new message for all steemians.
We can gather a lot of information by your post.
By dint of we can increase our skill that is beneficial for all steemians.
I will always visit your site & wait for your upcoming post.
Thanks .
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you are the true king of upload
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Very impressive post. With a lot of information
@upvoted.gif)
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이번 주말이 또 한 번의 운명의 날이 되겠네요.
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당신에 의견이 적중하길 바랍니다!
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Just a nibble.
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According to the behavior of the graphics, is it time to buy?
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🤣
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Laddering.. Upvoted and Resteemed
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seems like it's pulling back. I hope it goes to 8k :S
Newby as I am, I sold at 10500 thinking 8k is a sure deal.
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oh that sucks, hopefully you didnt sell it all. If you want to play the game savely you want to sell some of your holdings in the green when everyone is excited about the gains.
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correct:-)
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AND the moon!
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I wouldn't be buying bitcoin right now, that is for sure here's why I say this: https://steemit.com/bitcoin/@investingtips/why-i-see-another-crash-for-bitcoin-and-the-general-crypto-market
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I would say the former but a nice gifted mind and soul , the latter is not appriate . Obliged
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Why do you think people don't have memory?
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haha! what are you talking about right now??
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in the mean time lots of fascinating stuff happening inside the traingle...
thanks for your (constructive) feedback, i'm young cryptowan learning...
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Buy signal could be coming. Exactly what i have been waiting to hear
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thanks for sharing this important post..keep it up
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I visit here because the writing of "berniesanders"
he says that you monopoly "steem reward", but I realize your writing has somewhat nutritious. However, the writing of "berniesanders" is poor but gets a lot of rewards. I don't understand this situation.
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Welcome
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Very Good information about crypto currency
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marvelous! great analyst @haejin! mind doing update on DGB and SiaCoin or even DogeCoin? love your blog!
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Its not time to buy nor sell as suggested why because you might buy ans it falls before selling and from statistics of 2015 till date which on later time i will post that statistics,at this point of the month, bitcoin do have massive drop but later at mid of the year till the year ends,it got its value back so just be an optimist, countries are keying into bitcoin as a legal tender,it sure will boost its value in no time..
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I agree time to buy, thanks @haejin
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we need to take advantage of it now so lets start buying
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Hi i just upvoted you...
Pls join me here thanks...
LEGITCOIN = REVOLUTION ICO
Receive your 5 (LEGIT) Legitcoin tokens ($10) when you signup today.
1 LEGIT is predicted to reach $70 by March 2018.
http://legti.me/239033
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And again : God bless you !!!
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I hope the bulls come back soon. Buying.
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dig in bro
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upvoted! I do read charts also & you're right, there's a buy signal
buy low sell higher, we all aim for it
bitcoin is just phenominal!
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At least Haejin gave up on the imaginary "A B C D E" flag thing (which isn't an Elliott Wave pattern). There are 3 types of Elliott Wave corrections:
You can go more in depth here, where at least the info is accurate.
http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:identifying_elliott_wave_patterns
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Upvoted!
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So buying Time ?
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Mate stop posting so much... Your posts are crap and are causing a ruckus with fellow hard working steemians . Play fair man. Stop taking the piss.
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https://d.tube/v/cryptobtcchris/and10rcp
Brief summary of the crypto markets and overall market cap. Coincheck was hacked for $530 million and it was the largest hack of an exchange ever. NEM's price is down 10% on the news of the hack. Cover 6 ways crypto makes the world better. Goldman Sachs has some crypto news that I cover. XLM the leading altcoin? and Stellar vs Ripple. South Korea has been investing in crypto the whole time they wanted to ban it. Cannabis coins provide a real world solution for the cannabis industry. Even brothels are accepting crypto now in Las Vegas. China may end the ban on ICO's in 2018. New exchange based in the Cayman Islands called Spark exchange.
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Muchas gracias por compartir tus análisis
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Can you please do TA on ReddCoin(RDD) @haejin
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for the love of god everyone complaining it is NOT TIME TO BUY!! it is haejins humble opinion and we are here at his blog now aren't we? as much as I dont agree in buying BTC for the rate as we speak right now its at 11,400 USD. Actually if you buy now and sell at lets say 14k I think its not to bad. I believe we might get close to 14k before it drops down to maybe 9 or 8k even 7k if we are lucky. hell im only reading the crypto news and believing in shit all over the place so im not to believe in. BUT it is still MY HUMBLE OPINION!! as much as it is haejins "H.O" .
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nice post
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cool
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Ah, I get it. You use your eggplant on your sheep. Must be lonely out on the farm.
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Thanks for sharing information.
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Great analysis! Followed for sure
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I don't think so. For me, it's not time to buy. Hodl and wait untill in the middle of February!
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Yesterday I read a post alleging you are stealing the money from this platform by doing nothing in return...I reached your profile on that way..not by understanding your works.!
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Minnow, if you know someone better at any sort of analysis, say who.
HJ is about as accurate as any TA, which statistically is hit and miss at best.
I've checked the others on Steem - HJ spends more time, and as helpful as any.
So, please give the community something helpful or go use your eggplant on your sheep!
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From your analysis it signifies that there's possibility for BTC to rise soon. Therefore, one can make his/her own decision on either to buy or keep holding
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Wow amazing post
@upvoted
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Held the support quite well
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Haejin posted after I went to sleep! Party animal.
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I have been constantly following haejin,His insight on the TA is outstanding.
I would ask you to follow him to have an informed decision in buying or selling crypto's
However you may need to DYOR..
Thanks for the TA and keep up your good work
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Nice analysis! Gonna hang tight and wait to see if a lower bottom is hit! Thanks!
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Nice
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good to see you ^^
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We're building biggest pump and dump group ever, i'm pretty sure everyone here knows how pump and dump group works so... If you want to feel FAST PROFITS ( We're aiming for 1000% + first one ), feel free to jump in!
https://t.me/PumpKingzz
Message me @PumpKingo so u can be first one to know which coin we'll pump!
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P&D are just more sophisticate ponzi scheme .... Who cares being in your group knowing that last one joining doesn't make any money or even lose and that your actions on the market are pretty obvious ... Better try to catch P&D on their way directly on the charts ... or make standard TA, you just select your coins when they are low and when there are buying setup ... I'm pretty sure I got some profit just by hodling some coins that groups pumped and sold when it was high not even knowing it was a p&d ... Your groups are pointless and just make the market wilder, the sick part is that you can make a bad reputation to an honest project that try to create something in the decentralized world with a coin, that's really sick. GO P&D FIAT AND OIL/WEAPON/CLUELESS SOCIAL MEDIA STOCK PLEASE AND LET THE CRYPTOSPHERE AND DECENTRALIZED WORLD LIVE IN PEACE PLEASE. Oh yes, you're not powerfull enough ... so you just attack the weak ones ...
Or at least after pump, do not dump 100%, just 50-75%, so the coin benefit from that, not only traders ...
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Pump and dumps are bad mmmkay?
Also the only people who really benefit are the organizers.
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....Not to mention illegal.
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lol illegal. Funny.
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FACT: GFY!!!
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muted
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