SUMMARY
Patterns, patterns, patterns! I had previously shared these Head & Shoulders fractals before and their repeats are uncanny! The below chart shows the fractal boxes. The arrows show the price touch points. I believe still that one more lower low would be ideal to finish off this correction.
Here is a higher resolution view of the H&S fractals. The blue outline of the perhaps last fractal of this sequnce is traced out.
The ascending wedge is combined with the smaller H&S fractal pattern. These indicate one more lower low is likely.
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
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!!
Follow me on StockTwits for UpDates!!
--
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1534BY1La4z5x9c5oD69rxaZCHmq7d8C7B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
hmmm right good update
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What a marathon of a correction this has been! Surely it must be running out of steam soon. For all the haters this analysis is absolutely priceless to help us all stay calm, keep our minds at ease, and help us ladder in to new positions during this excellent buying opportunity.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I believe an even greater buying opportunity is coming and so people should probably not buy just yet: https://steemit.com/bitcoin/@investingtips/usd7-000-bitcoin-incoming-before-cme-futures-ends-today
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree with you and am counting on that to happen. :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
why so salty?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What a parasite!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I can't understand what Haejin's patterns mean, but I think everyone knows what this means: https://steemit.com/bitcoin/@investingtips/this-is-the-real-bubble-not-cryptocurrency
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@haejin love your wisdom dude, you inspire me! :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Do you think it’s still possible for the price to breach the resistance to go to $14k first and then down to lower low? @haejin
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Highly doubtful. I know Haejin charts from a purely technical perspective, but one must take into consideration the futures contracts coming due, and the most desirable timing for the price of BTC to be at its lowest. BTC/USDT on Bittrex is being held up on purpose and gradually being let down--a controlled, directed, slide downward.
I pose 2 scenarios: whales drive the btc price under 9k, but buyer's hunger for cheap btc keeps prices in that $8600-9000 range, OR the buyrs greed is used against them, and if the price can be driven below ~7800, a panic sell may occur, making prices tumble to (possible) $7k region. I see the first scenario as being more likely though.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Me being the consummate conspiracy theorist in my own TA on this site I tend to agree with you and have considered the futures impact as well as the economic summit both of which are coming at nearly the same time.. a post about the latter can be found here: https://steemit.com/cryptocurrency/@ervinneb/if-you-own-any-crypto-you-should-read-this
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This gets my vote, Gregory Mannarino, "The Robin Hood Of Wall Street.", reckons all derivatives are rigged
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's such an interesting study right now with the contract ending in a few hours we get to see how connected walk street and the whales really are.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Where can I get information on the bitcoin futures? I haven't been able to find shit on them.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I thought today was the 26th lol. The contract ends at 1/26/18 at 3:45pm East Coast time. I had to search for that info it was hard to find.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I read 4:00pm London time which would be 10:00am EST. Where did you find the info? Was it somewhere on www.cmegroup.com?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I searched through CME and couldn't really find anything. Past the contracts expiring, what's the significance?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If the price of BTC rises, it should be right after the contracts expire. i.e either after 10:00am EST or 4:00pm EST
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's a US future contract so why would it be London Time? Plus wouldn't that be 9 pm est after the market is closed? Sorry I don't have a link but I did find it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Closing with the market makes sense
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You're right. I guess the info I read was incorrect. London time is currently 5 hours ahead of New York time. Thanks for the update. I the direction BTC takes is the one you're hoping for. Personally I hope it goes up to 14-15k, then down to 8k.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It’s more about breaching 11600 And hold for sometime or it will come down to 9K-ish. Looks like it didn’t hold too well at 11.6K. So it’s bound to come down in the next 2-3 days
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I guess we will see what happens today if it goes to $11.6k and holds or not.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Since cryptos like taking a long time to correct, it seems that it's too soon for a final dip to 8-9k. We'll see tomorrow.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i had the same view, agree with your charts
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good call man, looks like your on the money.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
One more lower low...so we can rocket off to 70000>>>>>>>>>>>>>>>
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It might also go to 17-20k (which is what I believe based on fractals), then it might slowly go back down and really take off in December. Just a different scenario. I didn't do any analysis to back up the second scenario.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thank you very useful information
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The Bitcoin correction theme song! Eventually it ends.... at some point in the distant future :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
ahahaha :)) cool song
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
will last maybe 2 week or so imo ...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@haejin (74)Thank you for the information
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
just yesterday I was seeing the same thing, 100% correct with the analysis.
I support my opinion is that I could continue making fractals in the low.
The first fractal calculation that could reach 9300. And the second reach the trend line.
Yesterday's BTC graphic moving in Fractals of Shoulder Head Shoulder
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I like your graph and agree for the most part.
The pattern shows a deep dive after each h&s pattern so the last pattern may not appear. At least that's what I'm hoping this has been painfully slow.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
My TA has come to essentially the same conclusion with different indicators and pattern analysis.. so I would agree https://steemit.com/bitcoin/@pawsdog/1-25-2017-the-market-view-and-trading-outlook
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Everyone please stop feeding haejin money! if you say that ten coins will rise a day obviously your going to get a few hits in this lucrative market. He makes multiple posts a day accumulating over 300 dollars a post. We need to stop feeding him money because all he does is decimate the reward pool and doesnt care about steemit or steemians! NO MORE HAEJIN
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
ouhhh excited for the next days !!
thanks for sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Wow! how much lower is thing going? Good time to pick some up.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am still trying to figure out why the BTC buy support on Poloniex of Steem is nearly double the usual of 70-80 at 150.
The sell orders are about 200k lower than usual.... I suppose it will drop again in a week as people see the ability to take a quick profit.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Iam now invested.....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Weldone @haejin the crypto lord.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@haejin pls check out my TA I would love to hear your opinion
https://steemit.com/bitcoin/@drumsta/ta-bitcoin-correction-is-over-price-projection-49225usd-by-may
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Can we hit the lower low now and continue the mooning? So tired of waiting
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
bitcoin could go up.... or it could go down. None of us really ever know for sure. At least it's fun to speculate and withdraw profits when they happen!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i don't know... the daily and 4hr MACD is curling up very nicely. RSI is on the lower side. Storch RSI on Daily is turning positive too. I think we might hit to the larger wedge line at 14K before going back to 8k
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This looks like a great buy guys... https://steemit.com/bitcoin/@investingtips/this-is-the-real-bubble-not-cryptocurrency
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very good. Lets see.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Muchas gracias por compartir tus análisis
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Could you do one for ethereum as well please?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Does Volume need to confirm H&S in a fractal array like this? I can't see it doing so.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The head and shoulder pattern shows another 11.4K touch and then drop to 9K-ish
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thx for TA. If you want some free coins check my blog for airdrops :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great, but i wish i understood all those.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
There is nothing to understand, you just take the chart, add lines and triangels here and there, be vague and leave it open to the viewer to draw conclusions, can go up or down anyway.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
risk high😱😱
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Surely bitcoin's days aren't numbered. Is it a cryptocurrency of the past or is it going to prove to be the most bankable coin we will ever see? Time will tell!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
nice info buddy
keep it up
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks for this newsful post..so thanks..keep it up
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi @haejin!
Can I make a suggestion please.
The title of the post is: Bitcoin (BTC) Morning Update
Morning where, I mean which timezone?
It is better if You refer to it by timezone, for example Bitcoin (BTC) Morning (ETC) Update.
Thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Morning in the US of A, son. The only timezone that counts and the only country with currency that... how should I put it... matters. USA is the center of the universe. Everything else is secondary.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
sorry for waking you up but CHF > USD ;-)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
lol
@haejin always wishes a good morning/evening depending of where we are in this world, watch the videos ...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Lmao
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
He is based out of the Eastern Time Zone in the United States. That's why it is morning for him right now.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
its the right time to buy them
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
for hodling long term always good to buy under 15k$, but better wait for < 9k$ for better price right now imo
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yep, in waves.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the frequent updates! I'm hoping stellar keeps climbing! it is on a good trend right now!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
HODL HODL HODL HODL
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haijin you steem dollar making machine! haha. Keep your predictions and analysis coming.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
https://steemit.com/bitcoin/@shifat/robinhood-app-or-or-add-bitcoin-and-other-cryptocurrencies
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Volume on left shoulder is less than on head and right shoulder.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Please check PRL .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I can't ever follow the BTC patern any firther than a week from today, any news can change it dramatically.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very interesting and also I completely agree. Bitcoin is giving all the signs that it will still go down, however, it is difficult to know how far it will fall.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you Facebook, I can now farm without going outside, cook without being in my kitchen, feed fish I don't have & waste an entire day without having a life.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is very eye opening, i look at the charts everyday but never look at things from that angle.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi :) is this a correct count? and a plausible alternate for BTC righ now?
if it doesn't break the support at 10400?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit