SUMMARY
Note: Still Traveling. Poor Wifi is preventing video uploads. Videos will again return tomorrow.
Overnight, Bitcoin (BTC) marched higher and even as an impulse. As noted in the evening update, the subwave blue 1 is likely in progress. However, an analyst never wrests on one primary count, lest he fall prey to myopia. Alternate scenarios are constanly assessed and as result primary counts do get shifted between them. At times the shift represents minor changes and at times very large differences. Cynics and the uninformed call this process tea leaf reading but the informed see it at a higher level. While the below chart is the current primary, an alternate that's being considered will be shown at the end of this blog.
The closeup shows the purple subwaves of blue 1 which could have one more higher high towards $10,133 or so. As that'll likely cap the first five wave up run; a small abc correction in the form of blue wave 2 is expected to follow.
This chart is an alternate that has been in consideration for a while. The current rise could be a simple bounce to relieve a short term oversold state. The outline of bear flag fractals show a lower low towards $6,548 can be targeted. While this is not the primary count, it would be good to keep into awareness. Why? Awareness keeps the panic away! Being aware prevents being broadsided by surprises.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
Awareness is Key...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
sublimemesDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Does this latest dip still fit your retrace profile? So we still look at all like a right symmetrical shoulder?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the update!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It would be nice if the bitcoin was strong. For my Altcoins ~
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Right now the market is very confused because it is not clear if we dealing with bearish market or bullish one. For me it's just better to wait and watch for break out to confirm an up or downtrend. Bullish scenario enter above 10000+ and target 10950$ next targets 11600-11800$, 12100-12200$, 12800-12900$, bearish scenario enter below 8750$ and target 8200-8000$, next targets 6K, 5K, 3K. This are major resistance and support levels for now!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for your update Haejin! Upvoted, and Resteemed! The Tea Leaf analogy is quite fitting; some people aren't able to understand the process of TA, they shouldn't be criticized to harshly despite their counter criticism. When you're enlightened in a sense you must also drop you ego. Which I believe you do quite eloquently.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitcoin is too weak to get up...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Market sentiment is kind of low. I don't see any bullish momentum until end of April or May.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks @Haejin for your analysis!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
weekly waiting for the good statistical analysis of @haejin excellent contribution thanks for sharing I follow you and support
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I never regrets following you here on Steemit......Update is really the Key to Business.....Good Job!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
tnx for upvote
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
I tell ya, Ever since I got into the Crypt scene the market has been a mess. But, the possibilities are so grand.. I do look forward to your helpful post though @haejin . They are helpful to understand.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the update,,,
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks for this educational piece @haejin. information is power. thanks a whole lot.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I follow you. And I upvote you everyday.
Last upvote here: https://steemit.com/@underworld24
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hope the elliot waves don't fool us! Looks cool!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
is SBD steem Dollar ready to explode or still some correction yet left?
please write an update on SBD
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If BTC drops to lower lows then SBD is going even lower.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If price can take out the sellers at $10000, we will be in an uptrend on the 4 hr chart. My short term target is $10500.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Too much bear pressure I believe.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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 166.28 SBD, based on the pending payout at the time the data was extracted.
If you do not wish to receive these messages in future, reply with the word "stop".
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@Haejin You do not provide any entertainment. I brought you some.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Succes
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @haejin, this post is the sixth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 58 and the total pending payments to posts in these categories was $3520.64. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
https://steemit.com/btc/@spsoofbaf/bitfinex-btcusd-technical-analysis-target-usd6550
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Dear @haejin
You have been flagged via the flag-a-bitch app. The reason is you have been found to be Raping the reward pool with a rate of around 2.133% of the reward fund. To add onto this, your TA's are so horrible that a simple check with a mock portfolio will provide a negative value.
The flag-a-bitch app is being used on you because of your consistent blattant abuse of steemit through means of: abusive self-upvoting, collusive coting groups, and disagreement on rewards. Since we deem that you have been damaging the steem economy, we flag you.
If you would like to help us out with our quest to fight abuse you can check out our post here.
Thank you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
OPPPS
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah... TA these days is useless. There is no momentum in this market.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
the price is poke trend line White top as projected and waves compereed 5. price then right back under the trend line and began to install the wave quickly a of correction ABC. it is likely to lead to the area of the previous wave 4 which can be a $ 10.178 or more. Nice @haejin
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