BITCOIN (BTC) Morning UPDATE: BREAKOUT!!! PRICE SURGED OUT of the BULLISH ASCENDING RIGHT TRIANGLE PATTERN as PROJECTED by @haejin!!

haejin (88) in bitcoin • 7 years ago

SUMMARY

First, the video has a very good explanation on how fear and greed emotions can be managed to better your trading. I recommend you view it.

Overnight, Bitcoin (BTC) BROKE OUT of the VERY BULLISH Ascending Right Triangle!! Volume confirmed with a surge as well, so this move is quite decisive. We should later be able to count impulse actionary Elliott Waves to track its progress towards $13,884 and most likely MUCH HIGHER!

Here is the Coinbase Chart showing the Bullish Ascending Right Triangle.

Here is the Bitfinex chart showing the breakout as wave 5 with equivalent surge in volume!

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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!

--

If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf

Legal Mumbo Jumbo: 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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7 years ago by haejin (88)

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bitcoincompany (67) · 7 years ago

its altcoins time get on lisk steem guys be smart

unlockrs (54) · 7 years ago

after 13k, should we expect retracement?

docmastery (62) · 7 years ago

I don't know about this @haejin but Bitcoin and USDT are in for a huge dump. THere's a scandal about bitfinex pumping Bitcoin's price.

https://steemit.com/bitshares/@docmastery/usdt-printing-out-of-thin-air

pmiskeen (41) · 7 years ago

I start my day by checking your technical analysis Haejin. Very thankful for the advice.

szmyra (41) · 7 years ago

Same! Maybe not "start", because there is like 10 hours difference, but it's a must read each day. I tend to refresh Haejin's profile each hour or two to see if there's something new :-))

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dlslipa88 (32) · 7 years ago

Same here but refresh his blog page at least 6-10x per hour (except around 11pm-5am ET that’s when he’s getting his much needed 😴 and no activity in his page).

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pmiskeen (41) · 7 years ago

Exactly the same with me. I kinda wait for Haejin to wake up !

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crickettipster (47) · 7 years ago

We are all a part of that same group I suppose - eagerly wait for Haejin's analysis and decide on what to do with the trade for the day based on that!

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change-4-a-buck (41) · 7 years ago (edited)

5 of (5) of V of (V) is in Guys Take NOte --Massive Correction will soon follow --- or so it looks

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change-4-a-buck (41) · 7 years ago

Heajin -top in ?
bear market ?
stay tuned I guess -
thx Haejin

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bobreedo (55) · 7 years ago

Video link not working....thanks

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nsix (24) · 7 years ago (edited)

yep video broken

Edit : working :)

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scorer (58) · 7 years ago

Video is working now. 👍

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hassanjony (46) · 7 years ago

Another informative post about bitcoin, thanks for sharing this

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minnowpond (62) · 7 years ago

@royrodgers has voted on behalf of @minnowpond.
If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

            To receive an BiggerUpvote send 0.5 SBD to @minnowpond with your posts url as the memo
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steemsyndicate (49) · 7 years ago (edited)

From my experience with @minnowpond &company!!! Avoid him is a scammer!!!

https://steemit.com/scam/@steemsyndicate/from-my-experience-with-minnowpond-and-company-avoid-him-is-a-scammer

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beingsamadhi (40) · 7 years ago

your analysis is very very good. i appreciate your insights. once again your correct

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szmyra (41) · 7 years ago

One request - could You please refresh Your view on IOP? It made great move recently (just like in Your analysis), but right now I'm not sure whether it already finished circled wave 1. Your previous analysis was here:

https://steemit.com/bitcoin/@haejin/internet-of-people-iop-usd-target-usd16-09-567-profit-potential-iop-btc-target-0-0126-btc-40x-profit-potential

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digitalisbetter (32) · 7 years ago

This is the first of your posts that I have checked out and will follow you now to learn more about technical analysis.

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tokyoin (49) · 7 years ago

Click Click Boooooom...upvoted and much respected...

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tokyoin (49) · 7 years ago (edited)

Also here's Midori's playing Mendelssohn with the New York Philharmonic. Hit play, lower the volume and then click play on Haejin's video...talk about relaxing....

GREAT MUSIC TO LISTEN TO WHILE YOU TA....

zooom (31) · 7 years ago

Seems to be very important to keep my own sentiment in balance with the market trend.

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taskmaster4450 (78) · 7 years ago

BTC looking very good...a year end rally perhaps?

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ivandex (22) · 7 years ago

So much I learned that day, thanks Haejin on your calm, wise and experienced contribution... other wise , probably sell all !

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rabenstein (27) · 7 years ago

God bless you. My learning skill is getting time by time better. Patience is a difficult thing to learn but it is possible. God bless you

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kailuablue (40) · 7 years ago

Thank you! Your whistles are technically precise and beautifully expressive...🙏

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wasimk87 (63) · 7 years ago

This is more informative conten about Bitcoin.I have learned more from your post.Thanks for sharing this valuable post for us.I am waiting for next content.

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subz (24) · 7 years ago

Copy. Paste. Post. Yeah??

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salvis (49) · 7 years ago

very usefull information - thx a lot

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cryptosuf (51) · 7 years ago

Haejin, can you please take a look at this? I cant determine where the cup will be finished? maybe it has already finished the handle and its getting ready to shoot up now?

What do you think?

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szmyra (41) · 7 years ago

Honestly to me it looks like both cup and handle already completed and recent move is already "the shoot up" phase.

change-4-a-buck (41) · 7 years ago (edited)

hey Bro - look at ETN -its forming a cup --its looks real good - I'm in✨🌟 ETN 🌟✨ Block chain goes live next week or very soon -🌙💫 Mobile COIN - Mobile MINING ☄️💥☄️💥

cryptosuf (51) · 7 years ago

cool! thank you bro ill check it out right now

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change-4-a-buck (41) · 7 years ago

i dipped my toe with 30k shares-- if pull back happens will double up at the min

financefreedom (42) · 7 years ago

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saliv8 (40) · 7 years ago

Wicked! You legend haejin :)

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cilixta (25) · 7 years ago

Thanks - Can you analiz SC

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cilixta (25) · 7 years ago

THANS- CAN YOU ANALİZ SC

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mahyardean (44) · 7 years ago

thanks for this great analysis :)

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bitcointv (40) · 7 years ago

Thank you!

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financefreedom (42) · 7 years ago

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andyblack (62) · 7 years ago

amazing work as always! lets hit 13000!!!

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holiday08 (25) · 7 years ago

As always great technical combined with experiences analysis you gave.

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demonklyd (43) · 7 years ago

Thank you very much. Still learning from each of your videos. Looking forward to learning from the next one!

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bransby (38) · 7 years ago

Thank you Maestro! Another TA lesson, zoom out!

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hefziba (56) · 7 years ago

@ Haejin
It seems to me that Coinbase and Bitfinex have the same prices, I tried to spot a difference in trade view, but I can't.,
It seems to me that the scaling ( per day or per half day) causes the difference.

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financefreedom (42) · 7 years ago

lol

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marvirafael (40) · 7 years ago

i've been reading the elliot wave principle book. but, really, technical analysis is just so damn hard. thank you always for your posts

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cannonball6 (46) · 7 years ago

Talk about a KABOOM! Check out Whitecoin versus USD and BTC. My question is, given the extended 5th, should we expect the retrace into the shaded areas on these charts? Thanks for your great teaching, appreciated as always.

XWC.USD 03.12.17.png

XWC 03.12.17.png

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