SUMMARY
The wedge I had shown in this morning's update had price breakdown below the lower support line. Price has been rising and now is hitting against the belly side of the wedge pattern. Price can be repelled by the lower blue line and that is yet to be seen.
Closeup shows a serires of downward wedges and each resulted in a move higher that the prior peak. What's interesting is that these are all contained within the larger blue upward wedge. The current breakout is showing strength and the blue Elliott Waves show a projected price pathway towards $12,112. That would mark a higher high at a daily scale. More to come in tonight's evening update!
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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looks like a nice fakie
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Bitcoin is TOAST. End of story. It's proven that it cannot handle the workload. It will do it's best to stay over $10K, but eventually drift back to zero.
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buy silver now,,,see my recent post..re: China
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Thanks for sharing this update
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Ah crap. Haejin predicts bursting through $12K. So BTC is doomed to sink into a $10K handle again.
Please @haejin, be more pessimistic on BTC, it will be the path to a great rise.
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The fractals are so clean, sometimes data can be beautiful !
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LRC BRD update plz
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Always looking forward to your Bitcoin updates Haejin.
Here is how I see USD going down, priced in Bitcoin :)
It had a full EW up, but I don't see it going once more
@thedolphin
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It is actually my primary, as I think Bitcoin is going bullish.
USD fell just after posting this failing to break the channel.
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SORRY
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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 224.81 SBD, based on the pending payout at the time the data was extracted.
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Congratulations @haejin, this post is the fifth 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 45 and the total pending payments to posts in these categories was $3341.98. To see the full list of highest paid posts across all accounts categories, click here.
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Thank
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thx. resteem:)
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Thank you @haejin !!
Could I please ask you to analyse OST? Very Promising project that seems to be showing a very large descending wedge...and it's closing out!
Please help with your wisdom!!
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Of course you do!! You are the best @haejin !
Thanks for your time and knowledge!
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You are really making us to be optimistic for the future. Thanks for the information.
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Good update
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Appericiate your work so much.. Thanks u r the best :)
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We go up from here, the worst has already happened !! HODL :)
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Hahh, always when I see the spinning bitcoin gif, I can't stop thinking about the first person ever to create one. I guess not patenting it feels like buying that 10k BTC pizza back in the day :D
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thank you and we hope it goes to a better price
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Great updates and information for sure! I think that if Bitcoin is able to break 12k, or at least stay above 10.5k, for the next couple days we are in pretty good shape. This year is going to be an even bigger year for many cryptos and Bitcoin than last year, and long-term holding is going to make many people very happy!
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Interesting analysis, I really like that you have some tutorial, I've recently become interested in TA so I'll be sure to check them out! Nice work!
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What do you think Verge is up to?
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fingers crossed
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If u rich send me bitcoins 1L3Xx8r71NAYmpjrSzjwLgGhFdxbNBfU3p
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https://steemit.com/dar786/@wasim80/hextracoin
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Great update Haejin! Can you do daily ETH updates too sir? Just a request for your consideration. Thank you for your community service over all.
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Thanks for the post!
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Thanks Haejin
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