SUMMARY
Bitcoin (BTC) price action overnight breached above the bullish ascending right triangle and has also exceeded $7,000 critical level. The below chart contains last night's markings and overnight price action adhered quite closely to the projection...not too shabby! Recall that the $7,360 is the minimum target of the ascending right triangle. The $8,016 is the minimum price travel for the Head & Shoulders Bottom pattern as had been detailed and explained in last night's update.
The video has much more detail and flows better, but the below chart is a forward discernment of a larger degree Head & Shoulder Bottom pattern, once white wave iii is complete. The minimum price travel for this would be $9,375 or so.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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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
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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.**
I see a dip of $6230 coming soon.
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Good AM @haejin! Thank you for the morning update for BTC. I just send you a 🍻 tip via LTC so you can enjoy sunny SD..
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Mighty Grateful!
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Onwards and upwards. $9k sounds good to be. Should make for a great Xmas!!
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Great video, could you please do an update on Bitcoin Plus? Thanks
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Man! I'm impressed by how you always analyze those charts like nothing while it takes too much time to me, I guess I need some practice.
Good post and always bringing some good analysis.
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After five years I thought I was good.
After 10 Years, I thought I was a hot shot.
Now, after almost 16 years, I realize I'm still improving.
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@haejin, 90-95% rate of success? We’ll take that any time.
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Awesome to be here right now to see your skills improving. Keep it up!
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nice Technical Analysis Books, nice post
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love these morning updates!
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Thanks Haejin, safe travels.
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Hello Haejin, I made about $100 last night. I saw your analysis and put all my alt money into bitcoin. I am learning how to ladder out this morning. I am also learning by doing, as I watch your videos. I have just gained a little confidence, kind of like riding a bicycle for the first time and being able to peddle for more than 1 minute. I am inspired. Thanks to your help. I have sent you .06 ETH Diane
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I wish you MASSIVE profits!!
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I did see your advice in the SPR analysis about not putting all money into one basket and I will head your advice going forward. Thank you.
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I wish you MASSIVE profits!!
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I wish you MASSIVE profits!!
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Proof is in the pudding! Welcome, and stick around, you'll be learning so much and earning more!
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