SUMMARY
Bitcoin (BTC) could be ready to rise as shown by the below chart. The MACD is curling upwards and the white 12 day line is converging with the red 26 day line. A buy signal is likely! Per yesterday's alternation post, this would play well.
My primary count is still as shown below with the wedge formation; but if price breaches the upper blue line of the triangle and the MACD lines cross, a buy signal is likely.
Bitcoin could end up simply moving more sideways..but that's a bit unlike BTC. It doesn't have the Hurry Up & Wait syndrome as badly as the Altcoins who fester in the slow mode and thus often lag BTC in the correction turns.
This chart is my top alternate count. The red ABC marks the correction pathway and isn't that much diffeernt from the descending wedge primary count. The subwaves of the red A wave could be complete with the red B wave now in progress. A price rise from here would help complete the blue abc subwaves of the red B wave. Once that is complete, the red C wave would have five subwaves (white) down towards $6,000 or so. I've added additional landing zones in blue horizontals. So, careful counting of subwaves would be required to determine the degree this alternate count can become primary.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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It seems BTC just wants to stay in a range. Don't see it moving in either direction.
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Big fundamental catalysts on tap for further Bitcoin adoption in 2018 as well. Exponential upside as user base increases, so seemingly an attractive risk/reward profile over the course of this year:
https://steemit.com/bitcoin/@ultrablockchain/bitcoin-s-roadmap-to-mainstream-adoption-in-2018
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Nice chart and data!
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Nice charting. Keep up the good work and keep on posting. Let’s go BTC!
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I'm still going for the primary as well...let's see what today brings...much love!!!
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Bitcoin is king of the crypto currency, he will always be the first!;)
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At least for one more year
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inb4 is gets flipped by an alt this year
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LOL not a chance. In my view an alt will still need a network/hashrate as large as bitcoin. BCH can steal it all directly and it still can't even take XRP over. Get real!
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absolutely!!
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Still waiting for it to rise
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If you want to get rich in 2018 with cryptocurrency its simple
invest $1000 in Bitcoin mining using this new cloud mining site CCG MINING
theses prices wont be around long and like hash flare, they get increased every few months.
sign up today using this link and send me an email if you have any questions
https://www.ccgmining.com/aff.php?aff=1303
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Yeah bro
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Do you ever get bored of doing so much TA every day?
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I've had enough of waiting, time to hurry up already!!!
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hah hah hah.. amazing and true
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Not for long, Bitcoin has high fees, slow transactions, it doesn't fit at all in the micropayments world and the PoW mining algorithm consumes a lot of energy, contributes to global warming while only makes it more centralized. I don't see any furture in Bitcoin, but I may be just wrong :)
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Interesting to read/hear about your alternation.
And thank you for your support on my daily overview. That was highly appreciated - it was like I was given the ultimate accolade!
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I wish you MASSIVE profits!
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The alternate count seems most lovely
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Down to 6000 we go
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Are u talking about altcoin
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we will see only time will tell
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Compared to 2013/2014, the alternate count seems more likely
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I hope for the alternative $16k.
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This looks likeliest to me: https://steemit.com/bitcoin/@investingtips/textbook-symmetrical-triangle-on-btcusd
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Bitcoin's rise is inevitable.. The only question is when..
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🤑🤑🤑🤑🤑🤑🤑🤑🤑
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History says it will be a slow recovery and year end an amazing rally.
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Awesome, hoping for a crypto breakout!
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I hope it rises as soon as possible. Thanks for the post.
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lets hope we see 20k again soon, im happy for it to sit there for a while
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I'd like to use your analysis referencing and addressing your blog on steemit. is this your own analysis? @haejin ?
if so, nice job
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guess its a good time to invest.. soon going invest big time in it... thanks bro
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Thx
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hola! I like your post! Thanks for it! I went to jail because of cryptos... lets make steemit together to a better place with our content! I would like to read a bit more about you and maybe do you have some more pictures? I also just wrote a introduce yourself. Maybe you upvote me and follow me swell as I do? https://busy.org/introduceyourself/@mykarma/1-jail-review-bitcoins-3-years-ago
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lol.stop.
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A guiding light in chaotic sea of Crypto. much appreciated
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How? How are you soooook goooodddddd at steem? #goals
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i hoped to rise thanks to post!
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thanks for the post, the first and second scenarios seems more likely to me
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Nice
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follow@upvote@reesteem done
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The MACD curling upwards and the white 12 day line converging with the red 26 day line already occured once on january 6th, and look where it brought us: lower lows! So... I'd be more careful than ever.
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Yes, this could be a bounce; not the reversal. $8k is still in play.
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great news and glad i am getting information of such news thanks @haejin
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Don’t buy through Coinbase with visa credit card
https://steemit.com/bitcoin/@cryptictruth/coinbase-visa-mastercard-transactions-fees
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They have cheap bank transfers that costs almost nothing.
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Actually bitcoin will rise, it's imminent, but we dont know when. This analysis is wow
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I do not think so...
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informative post...thanks for sharing
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Wow you are amazing @haejin
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What would be the next after the end of correction? it would rise up again?
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It's not gonna go under 8k! So I think the price may go little bit lower...
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Haejin is now downvoting people who ask legitimate questions about the quality of his TA. It shows a lot about a person’s true colours and motivations when he chooses to silence his critics rather than respond to them. A little dictatory if you ask me.
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Thanks Haejin!!
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wanna know more about it, thanks for the nice post.
could you write another short post about it ?
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Muchas gracias por compartir tus análisis
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That is what i posted 4 days ago :) happy to see master agrees..
@Haejin thank you for posting alternatives..as you have repeatedly said awareness is key,thank you!
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hmm
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its just recovering from that 400billion extra being shoved in by all the new people! unfortunately i feel bad for all the guys that got in at 19k because it was mooning. it'll make its way back up there, just gotta give it some time!
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Awesome post! I invite you to visit our blog and vote us back! And of course to enjoy our content :)
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Follow back @haejin
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Thanks for the update. I would love to hear your thought on an article I wrote about the merging of science and religion using blockchain tech. You seem to have a real good idea on how it all works. Check it out.
https://steemit.com/economics/@bryanjames/the-merger-of-science-and-religion
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Bit coin should pull up the socks
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sᴘᴏᴛ ᴏɴ ᴘᴏsᴛ ᴀs ᴀʟᴡᴀʏs!
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Hello there. I wrote my introduction. You can read it on the link below. I would really appreciate it if you upvote and leave the comment. I also upvote and reply to interesting and beautiful comets. ;)
https://steemit.com/introduceyourself/@kikiriki/100-followers-time-to-introduce-myself-any-gentleman-on-steemit
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Thanks for the opinion. Really helpful.
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Hello @haejin.
I really enjoy your posts and I've been studying some TA in the last weeks.
I get how Elliott waves work based on the Fibonacci ratios, but I can't understand if the new cycle starts right away or if there are phases when the price struggles for some time before beginning a new cycle with an impulse. XLM, for example. Is the first yellow circle the beginning or is that just the price hitting a buy wall and recovering (with the second circle being the first impulse)?
The retracement of the first impulse after the 33 cents bottom is compatible with the theory.
Regards.
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i think impulse counting is subjective. its your choice.
we can name it after all impulses are shown. just guess it before.
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Where's the impulse?
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Probably you meant wave counting.
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whats difference between impulse and wave? can you explain it please? english is not my mother language
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They all are waves. But impulse waves have specific Impulse Wave patterns.
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impulse = Eliot wave count 1~5
do i correct?
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Yes, it consists of 5 sub-waves. It is written in the link I gave earlier.
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is this the support making most of those bounce backs?
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I think xlm just finished its abcde triangle. Your second circle being e. Therefore now it is in the first impulse. Only my opinion though which ain't worth much
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second circle should be lower than first circle, to be E
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Dear Haejin,
I always thank for sharing!!👍
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nice post
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https://steemit.com/vietnamvodich/@thongbk/do-you-think-about-u23-vietnam
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Thanks for keeping us informed.
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Have alook, eye opening analysis for 23 currencies :
https://steemit.com/crypto/@lifeisfun/basic-calculations-while-choosing-cryptocurrencies-for-your-portfolio
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You've been looking on the bitfinex chart and have analyzed it. Then, is there any reason that you analyze it on the bitstamp?
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I comprehend individuals administer to steemit climate, however since the substance is honest to goodness and enlightening, why we ought to be concerned? I preferred the examination, it's in fact supportive
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