Because the pattern was developing for a while and now that price has breached the lower line of the upward pointing wedge, this chart is being brought to awareness.
The upward pointing wedge had been forming since February 6 and moved within contracting, upward pointing lines. The subsequent breach was also completed in five waves (white) where the 5h wave is yet complete. The key will be in the degree of the red wave 2 retrace as if this provides the higher high; then he Inverted H&S is back in play; but I believe this direction might become primary count soon. Get your cash ready and keep dry as the minimum run down by pattern measurement would be $267 and by Elliott Waves Fib $220. THIS IS NOT YET my primary count as I'm awaiting the nature of the red wave 2 retrace.
So, that was the TREE View; what about the FOREST View? If you consider the below chart; you might ask: What difference does it make as to what price does now at these short term frames? IMHO, NONE!
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
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Excuse me Mr. @haejin sir. Can I borrow some SBD please? I haven't been able to earn anything in long time and I have some bills coming up.
Thanks in advance
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LOL! As soon as you stop downvoting me and remove your last six days downvotes. I’ll do the same. Deal? I suspect not. Please let me know.
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@haejin. Just follow some sort of standard of decency and the downvotes will cease.
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As Bitcoin goes, do goes the price of the alts. Alts are tied to BTC and BTC is tied to news. Good news, BTC goes up. Bad news, all cryptos plunge.
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The last chart is of Bitshares but since all the coins seem to be doing the same thing...it doesn't matter...what will happen next...WAVE 3!!! AKA MOON!!!
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Fixed. Thanks.
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Pretty much gotta look at bitcoins price bcuz all other coins follow bitcoin...
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BCash is doomed as it is as SEGWIT is being activated on most of the exchanges; so lowering down the fees which was the prime reason or a shout out for BCash team to hide their main agenda of centralized mining.
Coinbase has activated SEGWIT for BTC/LTC. BCash have no major feature development since the fork. Considering the analysis it may go down more due to these reason.
Keep sharing, thanks.
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BCash is not out yet. BCash is a fork of ZCash. You are a bit confused.
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Seems you are a supporter of BCH which is B=Bitcoin & Cash=CH; so it is BCash/BCH. All coins ending with Cash are crap coins. Sell you BCH and get the prime coins or the ALPHA (Bitcoin) else you would regret later. By this May, LTC would have taken the position over BCH considering the market cap. Good Luck...
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May it is :D
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Hello Haejin's followers, I know a lot of you are new here and still trying to figure things out. Want to figure out how Haejin got such a high rep? I wrote a post to explain how the reputation score works. It doesn't work quite how you would expect. Feel free to check it out. No need to upvote, just read it so that you know. https://steemit.com/reputation/@moeknows/some-interesting-facts-about-reputation-on-steemit
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Hi @haejin,
It seems you got a $12.4338 upvote from @bcc at the last minute before the payout. (20.78h) and this comment is to make everyone aware.
Please follow @abusereports for additional reports of potential reward pool abuse. Thank you.
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Hi @haejin,
It seems you got a $13.5868 upvote from @btu at the last minute before the payout. (20.78h) and this comment is to make everyone aware.
Please follow @abusereports for additional reports of potential reward pool abuse. Thank you.
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I think BCH will only go up in value if btc transaction costs start to rise again. Until then I’d hold off buying bch.
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BTC transaction cost is down because its usage has plummeted. So has its adoption. Adoption of BCH is growing inspite of BTC current transaction cost. Look at BCH adoption rate and the upcoming upgrades. Upgrades that you won't find on BTC.
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But bch is dropping too, isn’t it?
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I do not really understand about bitcoin, I have to learn to you and sorry if I will follow you. Warm greetings from the Gayo highlands.
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Shows this graphic that Bitcoin Cash will grow strongly in 2018 and 2019?
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I support you.
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Hi Thanks for sharing. What would your primary count look like?
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Primary shows a impulse upward.
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god bless you.
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Thx for TA!
Wanna get free 6 EOS in 20s? Check it out: https://steemit.com/airdrop/@s3cr3t/airdrop-5-1-eos-tokens-value-40usd-takes-20s
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Can yuo do Zclassic and Bitcoin Private when it comes out? Plz I believe Bitcoin Private will out surpass Bitcoin Cash. Its has znarks tech on it
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Bitcoin Private is plague by Segwit and a constricted blocksize.
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Amazing very good, thanks for sharing
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Congratulations @haejin, this post is the ninth 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 43 and the total pending payments to posts in these categories was $4571.50. 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.
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It is always a delight to read your analysis. You are doing a great deal.
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He's really not.
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Hello, I am not good in graphics, can i copy and use your -upvote, follow, resteem- animation at the end of your post, on my own posts.
You own it, so i wouldn't want to copy and use without permission. Thanks
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Sure!
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Ok. Glad.
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Youre a kind gentlemen and a schloar Haejin!
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Do you even know what a scholar is? Because drawing triangles on price charts is not being a scholar. It's called being a reward pool rapist.
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".... What difference does it make as to what price does now at these short term frames? IMHO, NONE!"
A BIG diffrence IMHO. If I have 1 BCH now I can sell it for $1200 and buy 4BCH back when the price goes down to say $300, then when it moves up later instead of making just $14k it will be $56k.
right?
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Hi @Haejin, many thanks for your regular posts! Can you look at Zcash/ZEC?
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Thanks for the awareness.. Useful information
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Decent analysis.
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^This one is trying real hard for upvotes through flattery. How about just posting quality content instead of kissing up to whales. What a joke
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Ditto!
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He deserved every support!
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your post is good I wait for the next posting
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Good analysis dude
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nice information
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If your chart of BCH were to play out, and it's value is tethered to Bitcoin 8:1, do you really think Bitcoin will also correct to these levels, or do you think Bitcoin Cash will de-couple into it's own bear market?
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I believe BCH will follow BTC. IF Bitcoin goes to a lower low, $3,800 level can be likely.
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@haejin verry good
@haejin is the best
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He's doesn't lead a cult. Yet...
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You made an amazing post ! Upvoted from @antobrampu. I followed you. Please Follow me and upvote or give a comment on my post. I will do the same to you. Together we grow !
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No. His upvote is more valuable than yours, so it's pretty much you grow.
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You are fantastic
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