SUMMARY
NOTE: I have intentionally NOT included a summary because viewing the video is strongly recommended. It has loads of details that a summary would have just missed. The video does NOT YET represent my primary count, but I'm watching carefully for its completion!
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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love your post Haejin, Here is my take :)
crypto ico's and blockchain
volatility is just insane
wallstreets envy millenials pride
blockchain is a must must ride
it questions status quo of all things mumbo jumbo and money
scared governments and finance companies is just so funny
transparency is blockchains voice
just a positive investor and traders vibe
one day crypto-currency will become mainstream
let's keep investing in this real dream !!!
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Well, yes, the blochain will likely survive; but we are in a mature phase of mania.
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Thank you for all that you do. @haejin I would love to get your feedback from the chart I have made. I am an extreme novice as I've been doing this for about 3 months and been reading the Elliott Wave book recommended just trying to apply and bounce what I've learned, or thought I've learned, from the book. Your feedback would be greatly appreciated and much needed probably:
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If this is a flag, then an a,b,c,d,e would be warranted. The e wave would land somewhere around $8,000 or $7,600 or so.
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how do you decide what portion of our position to hold and what portion to sell while waiting for the dip. Do you employ a ladder strategy like in your tutorials on the down turn as well?
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Maybe laddering would look like something like this?
Any position 'missed' during the laddering would provide for some cash in the portfolio.
So of what I understood, if we aim at let's say 10% cash, that would be the ladder for the most improbable scenario, let's say at 6000.
You would ladder the main % of your portfolio in the most probable position, etc.
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Okay, thank you. So one of those scenarios of same destination but a potentially different path. I wish you massive profits and look forward to learning much more in the coming year from you!!!!
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thanks so much for the alternate count and explanation. really clears up a lot. especially with the explanation of h&s on overall marketcap. Learning a lot brother! I'll be putting stops on all my positions ready to move to usdt incase drop occurs
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Bitcoin will rise in Feb.... And any news abt bitconnect.co I still working
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Please get a seqwit address for btc. Thanks for the info.
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Thank you as usual!
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This is only meant to augment your due diligence...here is a screen grab of a POSSIBLE outcome:
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Do you really belive bitcoin will reach 6k?
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It all depends on the Elliot Wave count. Watch the video, @haejin believes if there is an impulse to 14k and then a correction impulse right after, then 6100 might be the bottom...
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Possibly so...
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There are frequently long wicks in crypto. Wouldn't get too nervous. Who the heck even knows for sure if correction is on or off right now.
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the thing is when btc price rises it's almost impossible for minnows like us to withdraw our steemit earnings to btc....
last time when the price was up the vat per transaction was 50usd, i mean seriously, we were withdrawing that amount, then how are we supposed to pay vats? so yeah, we started using other currencies
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Hm, VAT? Wow.
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hmm mmm
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My friends still investing in bitconnect.co saying it will come back again is it?
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no dont listen to your friend
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For God's sake no it's a Ponzi tell them to stop being stupid.
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It may come back because there are a lot of stupid people. But I would not bet on it.
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They are leaving their money in the old BCC or investing more into it or investing in the new ICO? All options are horrible, but leaving their money in...well it is essentially gone anway, so not much harm there.
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IF this is a B wave bounce, farming for cash would be to consider.
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@haejin would this indicate signs of a bubble? Considering the size of this correction?
Or are we no where near that yet?
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The .com bubble droped 80%. Cryptos correct 80% on a regular basis....
Bitcoin has corrected in the past from 1100$ to 100$. SO.... why the FUD?
This is the crazy world of cryptos. Bubble after bubble after bubble. In WAVES ;)
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when BTC went from $1100 to $100 it formed a cup that took 3-4 years....
So when I am asking about another possible drop like that, I am trying to see if I should get out and step to the side in the meantime.
I am not trying to HODL back to $4000 or lower....
no FUD, Im just forward discerning.
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Would be interesting to compare with ETH TA.. Hard to find the connecting dots !
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I just meant that their bit connect coins essentially hold no value as is, BUT getting anything they can from them for trading a real crypto would be wise. Hard to expect wisdom from bitconnect holders. I still wish them the best!
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I wish your friends goodluck.
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This is only my opinion, make of it what you wish :) :)
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Maybe it is my bias seeing this but is an ABCDE bull flag pattern not also still in play. No one I listen to or follow that does any TA has even mentioned it but I still see it for some reason, maybe its cause I'm not charting properly. I am very much a novice but here is a screenshot of how I've been seeing it.
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Also the gold line is the 100 day MA
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when lambo
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when harambo
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Good attitude man don't listen to the trolls. They are the loudest but for every one of them know there are 10 silent who support you. Thanks for the insight!
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Hi @haejin, which chart viewer are you using?
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As scary as it looks with lower low. It looks like a proper correction. Anyone that may be panicking its important to know that good projects will still rise.
I am a strong believer that 2018 will seperate the weak from the strong. Projects like LISK, NEO, ETHER, are still going to rise.
Lisk has a rebranding FEB 20TH, it doesnt take a rocket science to know leading up to that the price is going to rise, then the FOMO gang will arrive and its time to take profits.
Good luck to all.
This is just my opinion, i am not a financial advisor. Your money. Your decisions.
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It seems that is very important to know what wave are we at from a higher degree of trend.
Some argue that we are at wave 4 of an intermediate degree of wave 5 of a primary degree of wave 1 of a Cycle.
I have no ideea :) so where are we ? :))
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At least we aren't sideways right now. Marching on.
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Let's hope BTC keeps marching upwards and not to the ground :)
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One question: isn't the original primary count in-validated now? What is the current primary if so?
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I dont see this scenario. I see 20k until march coming after many analysis of this considering that kore jumps in again and we will see regulations which will cryptos make more and more adaptable.
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Bct kapan naik lagi boss..
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Yes I agree With you @maanabdullah (Website Developer , Crypto Guru)
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Solid analysis as usual. I lot of pent up pressure. Hurry up and wait. I'd like to learn more about arbitrage can anyone direct me to a tutorial?
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Would be interesting to compare with ETH TA !
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.
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very nice post of u sir wonderful .
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Muchas gracias por compartir tus análisis
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Please get a segwit address for btc. Great video thanks.
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Thank you for shering this info..... dear @heajin
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Thank you for your analysis. I have a question. In your video, wave red A consists of 3 subwaves instead of 5. Could you please explain on this? Thanks in advance.
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Posting only videos is not a good idea. I am losing interest.
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My analysis offers a similar perspective. Thanks @haejin!
Related Idea: https://steemit.com/bitcoin/@stew/4yesz-bitcoin-update-could-rise-to-14-3k-before-dropping-back-down-to-7-5k
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@haejin thanks for this :) I'd love if you could do videos on the alt-coins likes this, this is great content.
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Thank for the analysis. Great job. @haejin would you be kind to do an update on OAX? Thank you
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I am more bull than any it seems..
https://steemit.com/bitcoin/@thedolphin/bitcoin-parabolic-trend-continues-confirmed
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That run up could be the B wave up of the larger ABC.
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Yes indeed. I'll follow macd closely when/if price reach ~$14000
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Great i hope is rise in Feb
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Excellent video. Thank you for laying out some possible paths. I was not a fan of BTC heading to $23,000 very quickly without some corrections. The path laid out seems very plausible. I following deeply mining stocks. Probably the closest thing to the volatility of cryptos. They usually go up quickly and then correct slowly and often bouncing between RSI of 30 and then 70 all the while MACD confirming the trends. They also bounce off of Bollinger Bands.
@ haejin, do you ever use RSI or Bollinger bands to guide your Elliot Wave analysis?
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Bitcoin is king. Thanks for analysis. I have not been in this game for too long but even i have a feeling that this is not the end. For there to be a massive BULL market again the prices needs to fall lower to tease alot of people back in that abandon it in December.
There is ways to make money still though, but you need to be switched on and know what projects are doing in the next few months.
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thank you sir for your information... nice helpful post.....
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Major TA points into bitcoin rising. Hopefully Feb is gonna be very bullish and it's gonna act as the bases to hit new ATH. Not a very good entry point right now but it might be your best chance to catch the wave ;)
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For a swing trade, now could be a good entry point given that MACD is about to cross into a buy signal.
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Thank you for the TA. Will you post an evening update please for BTC? Thanks again.
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Very informative, thank you
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glad you finally had a same view, mine here
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@haejin thanks for your sharing. Please upvote my sharing https://steemit.com/bitcoin/@flankes/acwa-power-adopts-blockchain-currency-solarcoin
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crypto ico's and blockchain
volatility is just insane
wallstreets envy millenials pride
blockchain is a must must ride
it questions status quo of all things mumbo jumbo and money
scared governments and finance companies is just so funny
transparency is blockchains voice
just a positive investor and traders vibe
one day crypto-currency will become mainstream
let's keep investing in this real dream
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keep up the good work @haejin
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On the 45 Min candle stick scale BTCUSD
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Super appreciate your work Haejin. choosing deep analysis over popularity scores big points in my book.
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You make here lot of job Haejin, thanks!
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I wouldn't mind if BTC goes down to $6100 if altcoins are decoupled from their correlation to BTC. I have been waiting for that since the segwit2 and scaling problems. I can't see why all coins are traded as if they were bitcoins.
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great post haejin, thanks
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I hold my bitcoins
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