SUMMARY
Overnight Bitcoin (BTC) had some good price action! The below chart had been posted in yesterday's morning update and price decided on this pathway rather than the abcde triangle. No matter, the destination is the same as now the ABC correction has started.
Price did poke through the upper white trend line as projected and that completed wave 5. Price then promptly went back under the trend line and started putting in a quick wave A of an ABC correction. This will likely go towards the region of prior wave 4 which could be $10,178 or so.
I had discussed how it would be unlikely for brown wave i to be the wave to fully breach the upper trend line. BTC now needs to regroup into wave 2 and get ready to launch wave iii of 3. It would be most ideal for wave iii of a 3 to make the breach as it would represent the big guns given it has the most vigor and strength. Fireworks can be expected IF wave iii of 3 starts its work.
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Good explanation. Maybe this is your secondary count? Anyways, this is my primary :)
https://steemit.com/bitcoin/@benkalashnikov/bitcoin-btc-analysis-update-3
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finally a video update! great to hear you again :-) also I like how the bottom c fits together with the stock market top b, some money of that crash will definetly flow into crypto
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I'd like it to reach $20 000 again...
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no worries about that ;-) just dont become impatient
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I believe $50k+ plus by the end of year
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Next year? 😂
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I believe we dont even need to wait that long if we are really now in the next impulse phase
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good job!
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thank you haejin, can you give us you insight on ETC?
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Is there any possibility you can take a look at DGB in the future Haejin? Ps love your TA
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Tisko Bot
Send 0.200 Steem or 0.200 SBD and the URL in the memo to @tisko to use the bot for a resteem and to get 5 good upvots.
Click here to see how to use Tisko Bot.
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Sir, you demeanor is impeccable. From your knowledge to your explanation. Not forgetting your marvelous use of language.
I enjoy all of it.
Thank you.
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yes, I really missed the video updates, I enjoy listening to him a lot!
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Wave 2 (blue) looks to shallow as correction, so I do think we will see new low and you ABC correction could be much deeper. If so, it negates your projection :)
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it doesnt look to shallow compared to the prior impuls set
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good one
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bitcoin will probably remain a little stagnant, as the market is on edge and doesn't want much risk at the moment. in a couple months I think we will have a better gauge on whether we could see a spike later this year or if we should hodl for dear life.
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in a couple of month? no way, the stock marked crash is just around the corner, wave c is incoming. guess where some of the capital will go. it fits together greatly with heajins count and time of bottom c should be within a week.
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you think the market is going to crash in a week? lol wtf
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you cant project time but around march would fit, check the dow, wave a completed, b in progress, whats next you guess
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don't get me wrong i want a crash so i can buy cheap, but even if the dow lost 15% overnight it would still be at a healthy level in terms of a 7% avg over time
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sure, but what we have witnessed in february (-12%) has most likely just been the beginning, you rarly find a retracement that falls just once, typically you have an abc correction.
I'm making sure that I'm ready to buy in at march/april because based on EW I really expect that the early febraury dip has just been an anncouncement of something bigger.
If it plays out this way I hope you are setting your buy orders and I wish you massiv profits! :-)
Btw: if you count the large trend waves, we will face a final bull run (wave 5) after this crash which will go on until around 2020-2022, and then (according to EW) it is doomsday since we have never witnessed a correction of this degree of trend. Some analysts are already predicting WW3 based on this.
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Agreed, @haejin. I've posted an in-depth analysis of Bitcoin just half an hour ago, too, with the same counts/results. I highlight technicals in relation to EW & Fibs as well.
Blog, purely for educational purposes and those interested:
https://steemit.com/bitcoin/@puppycoins/28-02-extremely-in-depth-view-of-current-bitcoin-price-action-as-well-as-bigger-time-frame-look
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audio is really low
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This is good news. Thanks for the information.
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Dear @haejin bro
hello, i am @bestrakibul2. I've been working steem for a long time. But I have no such progress. How do I work? If I leave the post, I will sujjection it, please give me sujjection, please follow and upvote me. to @bestrakibul2 thanks for read and upvote
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good luck :-)
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Nice video, sir. But do you even watch your own videos to check the quality? The playback is only 1 frame per second, very difficult to follow.
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looking good!
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Kindly upvote my comments for ...more comments
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ups :-)
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@haejin ...a good news though....some points sounds good and some factors of bitcoin goes as expected...hope to see increase in value in upcoming days....thanks for posting....itz evident from the graph ...the value is slightly up compared to its previous value....hope to see good days ahead
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@haejin yes thats great....thankyou for providing such updates ... Itz a good sign also
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nice~!!
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I need your help
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Great share!
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Lets go bitcoin!
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yes, the days become longer in europe again, seems thats why BTC is rising in price :D
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Nice. I got something similar where we might bounce off of 50% retracement and up out of the long-term downtrend line. I posted on my blog, in case you're interested in checking it out. There's a rather large inverse head and shoulders at play. I think the bulls are very near :)
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Thanks for your jobs.
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Is it possible to have larger images included here? Thanks.
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useful postings
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This Steemit post shows up as a Top Story from Steemit on Google. How cool is that! @ironshield
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Bitcoin needs to take a stand! :P
https://steemit.com/bitcoin/@songminer/bitcoin-remains-silent-on-nra-bitcoin-users-outraged
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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 214.63 SBD, based on the pending payout at the time the data was extracted.
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This was actually insightful. Thanks for taking the time to explain @haejin
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great. thanks for sharing us.
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Coins mentioned in post:
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I think blue Wave 2 is going to end up being lower..... fingers crossed for lower low of 4900--what an awesome buying opportunity.
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how would wave 2 reach that low? thats against any principles of EW.. The only explanation would be that we are still in the upper trend correction phase, but then you cant refer to it as wave 2
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