BITCOIN (BTC) Update: It was $32 away from New All Time High...Will Bitcoin try again? Check out this Analysis!

in bitcoin •  7 years ago  (edited)

SUMMARY
Bitcoin (BTC) was $32 shy of printing a new all time high, today (Bitfinex prices). It has retraced 99% of the decline of Wave A (red). Price now sits on the upper line of the triangle, now support. I believe the last remaining wave is wave (5) of c (red) of B (red). This could give a day or so for the Altcoins to continue printing green. However, the rate of trend change Bitcoin might do from up to down could be rapid and if so, less time will be given to Altcoins' rise. So, yes, should Bitcoin trend become negative, a mass dash for that one slim exit door could occur and Altcoins are expected to be no exception. Please view the video as I also detail the BCH ladder.

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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:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36

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

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    • [-]
      ·  7 years ago 

    haejin, you are the first really experienced analyst I have come across who I can say I truly respect. Firstly you are very likeable but its clear above all else that you are also very humble. How rare. Unfortunately your voice is quite hypnotic so I often fall asleep while watching your vids but I also rewatch when I wake up - I wouldnt want to miss any single insight you provide. Amazing guy

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    3 votes
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      ·  7 years ago 

    Thanks! If you're watching it your iphone while falling asleep, put a blue light blocker/filter on the phone so as to not harm your sleep by the blue light from phone.

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      [-]
        ·  7 years ago 

      So much to play for at present with prices as they are and 2x hard forks in the next few weeks! Interesting days ahead

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      1 vote
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        ·  7 years ago 

      That's for certain! If Wave C down commences, it will become terrifying at the speed and depth of the fall. I will be OUT of almost all coins. Building my kegs of dry powder to buy at much lower prices.

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          ·  7 years ago 

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

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          [-]
            ·  7 years ago 

          Think I should do a stop loss on my altcoins. You agree?

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            [-]
              ·  7 years ago 

            That would be advisable.

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              1 vote
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                ·  7 years ago 

              ❤️❤️❤️

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                [-]
                  ·  7 years ago 

                What's your outlook on ETH considering it's "pregnant", but will likely be affected by the btc drop?

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                  [-]
                    ·  7 years ago (edited)

                  If BTC turns trend from up to down, I'm selling most positions and standing aside for the Wave C down of Wave IV. In that case, ETH would have an ectopic pregnancy. But this decision hasn't been made yet.

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                    3 votes
                    [-]
                      ·  7 years ago 

                    Ladder in on ETH ?

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                      [-]
                        ·  7 years ago 

                      You might want to wait. Once wave C down starts, it could be terrifying.

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                        [-]
                          ·  7 years ago 

                        I'm out and out the sidelines with USDT.

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                          [-]
                            ·  7 years ago 

                          Ladder on on ETH TONIGHT?

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                            [-]
                              ·  7 years ago 

                            Before BTC falls down do you have some buy in levels set? I am out completely and waiting for some course of direction. Or are you waiting for further developments before placing buy in levels? This will be my first major buy so I want to be as ready as possible. And of course do not want to mess it up on my end. I have watched every posting of yours for the past month and feel like I am learning how to begin looking at a chart with you. In the beginning all I saw was the forest and now I can spot a couple of trees. Thank You So Much.

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                              [-]
                                ·  7 years ago 

                              Nice

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                                [-]
                                  ·  7 years ago 

                                Once Wave C down commences, it will become terrifying with the speed and depth of the crash. I will be nearly out of almost ALL coins once Wave C commences.

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                                  [-]
                                    ·  7 years ago 

                                  Your thoughts on how this might coincide with Bitcoin Gold Oct 25?

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                                    [-]
                                      ·  7 years ago 

                                    No idea. I only look at TA and no fundamentals. Elliott Waves states a news or an event shall arrive to justify the forecast and not the reverse.

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                                      [-]
                                        ·  7 years ago 

                                      yes, that is what I was referring to. The news conforms to ta, lol...
                                      So wondering how that will play out around that time frame

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                                        [-]
                                          ·  7 years ago 

                                        the Seg2x is more likely than Gold

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                                          [-]
                                            ·  7 years ago 

                                          Very informative and interesting as always

                                          What are your thoughts on GBTC?

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