SUMMARY
Bitcoin (BTC) has re-taken the upper white trend line! It has done so in an undeniable five wave impulse as shown below. This is signficant in both technical analysis and trend direction. The yellow five waves up has occurred very vigrously...very much like a wave 3 of a smaller degree. Now the key is for price to remain above the trend line and continue impulsing upwards.
Here is how the blue five wave impulse could fit into the bigger picture. IF the red ABC minor correction is complete, then this means blue waves 1 and 2 are complete. Which comes after wave 2? I believe blue wave 3 could be starting with these yellow five.
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.
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BTC seems to be making a bit of a comeback, all the better to cash out more!
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Great master! I've made some good trades lately... Also started a trading fund that anyone can join for free, simply by following some guidelines in the post link below.
I wanna do good and share what I've learned and contribute by giving away profits. Would be very glad if you had time to check it out:
https://steemit.com/steem/@benkalashnikov/benkalashnikov-fund-earn-money-with-me-for-charity-projects
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hey thanks for sharing! look forward to more posts like this
IMO if plan to hold for long, then it probably doesnt matter whether it's 9k or 19k now :)
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Dear @haejin
You have been flagged via the flag-a-bitch app. The reason is you have been found to be Raping the reward pool with a rate of around 2.133% of the reward fund. To add onto this, your TA's are so horrible that a simple check with a mock portfolio will provide a negative value.
The flag-a-bitch app is being used on you because of your consistent blattant abuse of steemit through means of: abusive self-upvoting, collusive coting groups, and disagreement on rewards. Since we deem that you have been damaging the steem economy, we flag you.
If you would like to help us out with our quest to fight abuse you can check out our post here.
Thank you!
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What you say here is completely untrue
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It really isn't. The links are to posts with supporting evidence
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Wave 3 fireworks...BOOM!!
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I expect a minor correction to ~9k if this 5 waves are the 1. subwave of the 3. Fits well with the TD sequentials at 15 min chart, and 0.618 fib. + Ichimoku pierce
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Thats a bull flag forming imo. just a heads up.
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It could be, but...
It could also be a bear flag
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Now is the time to buy the dip
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helply information for all steemit user... you r such a good man... thanks for shareing...
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Thanks for information :)
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We just got to get pass the sellers at $10000 to confirm the new uptrend on the 4 hr chart.
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thanks for sharing with us :) good and informative post @haejin
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This bear market sucks just arbitrage http://arbiswap.com
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Great TA,
please do ETC, Cardano
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So happy that it bunched thru the $9500 trend line. Lets hope it stays above that. What do the waves say if we drop back down below the trend line?
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Thanks for the update.
You have not even mentioned the A - B - C correction for over a month now. It looks like it's playing out. Very surprised you havent even got it as a possibility.
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How would you count the sub-waves in the A though?
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Any updates on ARK?
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Thanks @haejin. On a larger time scale I think this scenario is still in play:
Curious to know your opinion and any one else as well!
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Now this could be very good. Looking forward to Wave 3!
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Thank you, appreciate your charts
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I don't understand, 6 hours ago you told something completely different > Bitcoin (BTC) Morning Update: Unless Upper Trend Line is Retaken; $8,200 Still a Target
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Market information is fluid. Positions are taken based on the most current available data. 6 hours or a day is almost plenty of time for a immature currency market to be turned upside down. Currently i think we are experiencing a bull flag. This will get people to buy before the actual bottom. The market manipulators have gotten extremely good at this.
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Maybe it its time to change your mindset and base estimates on facts, not on waves :-). Read my blog and you will find out why bitcoin did end up higher, precision on the hour. Keep an open mindset.
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The purpose of Haejins TA is to give as many likely scenarios so you can watch for key turning points. You cant blindly trade on this advice. you need to keep all likely scenarios on the table with a plan to combat them all or you will be defeated by any trading market. Especially Crypto..
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There is nothing wrong with Haejins TA, but read my full blog and you will find out why the bitcoin went up...
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