)
SUMMARY
Bitcoin (BTC) overnight price action has completed the blue wave (3) and is now working on wave (4). Most likely, the correction will be a triangle of some type. Once complete, blue wave (5) should take prices much higher towards $25,965 or so.
I've labeled the subwaves of blue wave (5) and detail in the video how the its subwave white 5 can be used to take some profits. This, in light of a significant circled white wave 4 probable correction to $15,263 after reaching $25,965 or so. I also detail in the video when and how to buy and when the best time to buy might be. Please consider viewing the video.
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.**
Looks good !
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Any EOS holders reading my comment?
Would you like a new EOS update?
Please let me and especially @haejin know!
🚀
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EOS
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Thank You @solisrex, your accelerated learning of the system has been a great addition to the blog. It certainly is not going unnoticed! It is a fantastic help to the readers. The growth here is moving so quickly that is very difficult for all questions and requests to be filled. You're kicking ass!
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Kindred spirits, you and I.
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https://steemit.com/bitcoin/@haejin/eos-revised-target-usd8-99-find-out-the-how-and-why-in-this-analysis
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So it will go down? I don't have any yet so I might buy xD
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Here is the EOS update, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/eos-revised-target-usd8-99-find-out-the-how-and-why-in-this-analysis
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Awesome! Many thanks!
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Dont be thirsty
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Wish I could give you more than one up vote for this.
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Since STEEM is bullish buy some and power up. That should do the trick.
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How does that work ? I would like to upvote more then once.
Also at first I had a hard time finding the upvote button since it is rather small.
Put a bigger button, leave away the Dollar amount it has no meaning to me and just show the votes !
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You'll find everything here: https://steemit.com/welcome
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Why is this so complex , it is still not clear to me. Is there a difference if I have Steem or not when I upvote ?
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STEEMPower is actually what makes the difference in your vesting/voting power. This is because it is an investment in the steemit system, as it takes 13 weeks to withdraw the full amount of steempower.
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Ok. But how does it effect UpVoting ? I have 6 SteemPower in my wallet, but If I vote I do not see that decline and I can also not say how much I want to use for Upvoting.
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The system has many apps built on top of it to assist you in that regard. I suggest you use the add on for your browser called steemit more info. Other than that click on the menu on the right and open steemit app center. There you will find many additional tools to use on steemit.
You don't lose your steempower value when you vote, your "vesting power" goes down slightly, with one of the several addons for the browser or the alternate user interfaces for steemit, you can see your vesting power, and everyone else's. If you vote all day, eventually it isn't worth anything, but you aren't losing your invested steempower, just your daily vesting power per vote. As you attain higher levels the normal steemit interface allows for more options to change vesting power so you can vote more and each vote is worth less....which is very helpful for those who have high vesting power and don't want to spend it all on a few upvotes.
It is somewhat complex, but less complex as you discover the tools and learn more about the voting system.
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The more steem power you have, your upvote will value more. Like if you have 10k steem power then your vote will worth around 1.5$.
When you vote, your voting power decreases. Once you have minimum 500 sp (ie. steem power) you will be able to decide how much voting power you want to spend on vote.
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You could also try: https://steemd.com/@bjlsteemit for more info.
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Helpful page !
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You can upvote only once lol, if you want to help haejin with up votes than upvote his other posts.
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In fact I was first clicking on the Logo where it says Upvote
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Similar used to be the case with me too.
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Hi I complely agree!
But man the Korean platforms are really taking over the market haha. I think a cultural factor may be involved too as everyone steps in to have a go at bitcoin!
I think depending on what platform bitcoin can also flash drop to around $12,000 in in fear of loss. I'm quite new so please support:
https://steemit.com/bitcoin/@zen-analyst/bitcoin-the-ticking-time-bomb
Thanks
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Come on people, if you are watching the content the least you can do is up vote it. It only takes one click!
Thank you Haejin for continuing to share your wisdom and market analysis with us.
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Thank you very much @haejin, you truly are a master in your art, I've already said that, and ever will.
To those being skeptical about these free tutorials, lessons, and about anything Haejin offers all of us FOR FREE, let me tell you that: be thankful, and most of all, be grateful. I mean, currently, there are only 171 upvotes for 1831 views (and still counting). How come?
I applied Haejin's advice on laddering out/in properly during the last BTS correction, on its first wave (currently an ABCDE correction). And it worked like a charm. I got 10% more, for free! Just because I laddered out properly at the top, and laddered back in properly at A wave's dip.
There's no guru in this! It's just about following the tutorials, and being disciplined, which I was not.
So be grateful for what is given to you, leave an upvote. Remember that Haejin owes nothing to us.
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sure someone predicted $27000 (maybe cliff high) looks likely now ! although they didnt say what happens after it reaches that lol
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I am buying Litecoin, I personally think it will shoot up and be beyond my reach soon!
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Hopefully you got in right after typing this comment. It shot up to $143.. unreal!
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Thankyou sir. I have family in Hopkinton MA, and when I make my first million with your generosity and guidance, I will be helping them out with some medical issues. You're a blessing to us trying to learn all we can in this complex, yet subtly simple matrix.
You are so appreciated.
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Sorry, I'm still learning a lot about technical analysis... but how do we tell when we've hit (or finished with) the blue wave 4? I'm looking to buy into BTC at some point today, and sell that before CME on Monday.
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Watching the Elliot wave counting tutorials above will help.
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Why do you want so sell if it can reach $25,000?
😃
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I'm honestly not sure how the CME will affect Bitcoin in the short term so I'd rather not take the risk with it. If it works out okay then I can re-enter the market once it stabilizes.
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Thanks Haejin, very useful.
Could you please do TA of CVC. Alts are bleeding heavily specially CVC.
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Thank you, Haejin. Question please; if the price doesn’t correct and continues up, what do you do with the profit you took? I do not want to FOMO back in. Thanks in advance.
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Simple way to go about this is to only sell a portion of your holdings.. like 50%.
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Hi, thanks, appreciate your help. I guess I’m wondering about the profit from the say, 50% (that I took humbly and gratefully). I guess I’ll just wait with it in fiat for a future correction (or put it in BTS). TY
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Very very good
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Great Job !!
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Vote given!
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선생님 Thank you so much! Always appreciate your tutorials.
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I wish you MASSIVE profits!
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FOLDINGCOIN pleas.
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Thank you my friend!
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Any idea why such a wide spread in STEEM DOLLAR $13+ and STEEM hovering around $2????
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I seriously want to understand that too. Something is up for sure...it doesn't make any sense at all to me.
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Sentiment, which drives prices, is not bound by rules of logic.
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Haejin should we be laddering out on most of our Alt coins before the BTC correction too?
For example on Verge and Bitshares, are they going to hit significant lows with the BTC correction? Buying in again as BTC starts rising again?
Thankyou. Your tutorials are simply amazing.
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Good question
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@haejin or anyone else.
I'd like to hear what you guys think about this as well. But from what I have read seems most hold onto BTS and don't sell. They just buy the dips
Last time BTC corrected all the Alt coins also went down.
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i dont really understand how you take profits in BTC. you buy BTC so how do you take profits? I mean if you buy say $200 worth of BTC, and the value goes up what are you going to sell it? probly not cuz its BTC and BTC is king so how exactly are you profiting? i guess maybe it'll be worth $250 or something?
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This is directly addressed in the video. The accumulation of BTC currently provides profits....when to cash out is completely up to you. Cashing out is how you take your profits, or cashing partially, and continuing to invest prudently as explained in the video to continue building capital which can be cashed out at any time.
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Default size of mempool for node servers is 300Mb.
Low fee transactions are being deleted.
Drive the buyers; Block the sellers.
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You still in there somewhere?
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I am in grey zone, with all the other sellers. I think I'm stuck here until after CME gets to short.
Massively Manipulated Market
My BCH is confidently chilling on my trezor.
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If they short, they will be in trouble.....unless they read this blog!
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Thanks
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Please do Chainlink https://www.binance.com/trade.html?symbol=LINK_BTC
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Descending right triangle?
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wxyxz
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1 min charts are not very reliable
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wow i love bitcion
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Wow on the mark calling the pull back!
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Your post has been resteemed to my 2500 followers
I just activated the Power Resteem Service for this post
Get 1 free resteem using the Power Resteem Service
Upvote this comment if you like this service
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this is the same count i did last time. updated it a bit.
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good
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@taskmaster4455 recommended that I follow all your posts - so here I am ! Looking forward to learning valuable information ☺
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Thank you!
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@haejin, you got your posts into hot bitcoin category! That was the good thing. But it has the not so good side - it is an empty traffic.
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