SOMETHING BIG, SOMETHING HUGE, SOMETHING MASSIVE is APPROACHING the CRYPTOSPHERE!!!
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SUMMARY
The Altcoins are acting like stars that are moving to align towards a MASSIVE move UP!! I don't know what or how, but something HUGE is about to happen. I'm expecting a MASSIVE price move UP at a scale yet unseen!
The Altcoins are undergoing a SPECIATION event! It's similar to the Cambrian Explosion that happenned on Earth 541 Million years ago. The Altcoin genesis has matured enough now for an EXPLOSION of price moves!
Here, I present the the current THREE primary CHART SPECIES of the ALTCOINS:
The MASSIVELY BULLISH CUP & Handle Pattern; I can show 100 more of these types:
The JAWS of WEALTH that can mint many new deca-millionaires:
The BULLISH Downward Pointing Symmetrical Triangles capable of launching Price Rockets:
I know of no other Technical Analyst who is presenting these primary chart species in the same context as I am. They are too busy calling the tops and repeatedly failing. I believe that the price moves that are about to come to the Altcoins will redefine parabolic moves. However, it will NOT redefine human sentiment in that this price explosion will, once complete, correct.
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!!
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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 love crypto
and crypto loves you
I feel it too - the next 3-4 month gonna be really exciting for crypto lovers
Bitcoin is insanely overrated.
Once the Alts get the attention of the newbies we should see the explosion you're taking about.
We have been very patient with this stupid bullrun of BTC (basically a prototype) and it masked the Alts more than enough.
Positive side is that we now have a much bigger marketplace with a lot more people and marketcap.
So although the BTC guys were just trying to fill their pockets with their infinite forks they brought the space to a new paradigm, advancing it forward by almost a year in less than 6 months.
Bitcoin is essentially just a protocol, if you look at it from a purely technical point of view it reminds me a lot of IPv4. People have been predicting it's eventual demise for over 20 years and the way things are going, will be doing so for another 20. Incremental improvements to an established protocol are very often more than enough to keep better alternatives from gaining the necessary critical mass to take over. The tech sector is littered with similar examples. There are notable exceptions but most altcoins are themselves nothing more than incremental improvements over bitcoin.
" Incremental improvements to an established protocol are very often more than enough to keep better alternatives from gaining the necessary critical mass to take over. " You may be correct on this, but there is one thing you overlook....... BTC absolutely REFUSES to make these incremental improvements.
Well you can argue that to some degree but I prefer to avoid religious discussions :)
For the most part I tend to agree with you and if things continue on in that way, someone putting the same argument forward at some point in the future will be right. For now I think Bitcoin still has enough of a lead to stay ahead but will that lead be squandered? Only time will tell.
Yeah. You're right actually.
Mine was just some wishful rant.
Very nicely said.
in order for the "newbies" to buy alts they need to buy BTC first
and that's exactly was has been happening recently - over
100 biilion dollars poured into BTC/alts last few weeks... why all the negativlty with bitcoin - the alts have been doing great recently , is it because you don't have enough ? want some cheaper ?
we all know BTC is dated - but that hasn't stopped it - its the gateway to crypto, shocked that I even have to write this - the more money poured into btc the better it it is for your alts .
BTC was here first and for that its being rewarded- without Bitcoin you wouldn't have your alts
You could buy popular alt coins like ETH, Dash, LTC and most coins listed on Kraken without buying BTC.
that's great !
not very exciting though but at least we have options
but in currencio right now, 100$ worth of crypto:
0.00852459btc = 94.67 USD
0.141490244970023058eth = 65.16 USD
0.08532373dash = 64.68 USD
0.64581975ltc = 64.88 USD
dont know how is it on other fiat-2-crypto gateways?
It's not a healthy marketplace this way.
Alts need to be traded by fiat and should not be tied to BTC. BTC is just a name with no good function at all.
Have you seen any other market where thousands of commodities are closely tied to one prototype? And in such a stupid way that when BTC rises they MAY have a chance to rise a bit and when BTC falls a bit, they fall 4-5 times worse???
This will change in the coming years. Sooner or later BTC will loose this insane position that only comes from being the first.
How can you say BTC has no good function? What are you basing your statements on? It's not my favorite crypto by far but it is the original, and right now it is about the only way for anyone to get into the crypto market from fiat.
Is it the fastest crypto? No.
Is it faster than a wire transfer? Yes.
Is it faster than mailing a check? Yes.
Are the fees the least expensive of any crypto? No.
Are the fees lower than a wire transfer? Yes.
Also the fee for sending bitcoin is THE SAME weather I send .001 BTC or 100 BTC
Is this true for wire transfer? No, for that it is a percentage so to transfer a large amount of $$ you will pay a large fee.
Like it or not Bitcoin is the originator and, currently, the most widely accepted in terms of real-world purchasing, so why all the hate?
It seems to me that BTC can only be a good thing for ALL crypto, sort of an ambassador of crypto to the noobs.
:)
Impressive, that exactly what I tell people when they get confuse.
Thanks man. I know it's kind of a simplistic way to put it but it's a good place to start.
I am not confused at all.
Doing just fine.
I would consider myself a noob when it comes to cryptos. I have been following haejin for the last few weeks and trying to figure out how I even invest in these alt coins. It seems that you have to have accounts on many different platforms to invest in all the different ones. Do any of you have advice for platforms to access these altcoins? Thanks!
Bittrex has a ton of alts. You can check the Markets tab for each coin on CoinMarketCap to see where it's listed.
Thank you. Is there a way to invest in these by depositing USD or can you only do it by purchasing other coins first?
Make sure you are fully verified before depositing anything into Bittrex
I've used Coinbase and Kraken to deposit "real" USD. IMO, Coinbase is easier and if you set up an account at GDAX (uses your Coinbase credentials) you can buy without the high fees. I'm on the fence regarding Kraken as their website and trading platform has been unreliable.
I've only used Bittrex for trading coins. I do not trust Tether since it's not clear to me if it is actually backed by real USD so I avoid trading any pairs matched to USDT and instead tend to use the BTC pairs.
Thanks for commenting.
BTC funtions all explained!
I rest my case.
It's not that I don't like BTC. Just that nobody will remember it in 20 years while some alt coins will rule the world.
WHAT? Bitcoin is a game changer, do you really think no one will remember it? Wow.
the market will figure things out -
BITcoin was here first-- almost all alts are BS and just jumping on BTC coat tails to make fast money.
if you are so opposed to using btc to buy alts then stop trading this is the only way you can show them how upset or angry you are - but not sure they care since billions of fresh money will be poured daily from wall street
Devrim: I would say it is more like how we price barrels of oil in USD and no other currency. That is the standard chosen and currently accepted. And based on that the US dollar gets a big discount on oil. It's the same concept, sorta... But I do agree with you still...
Let's say in human evolution the USD is a prototype.
BTC rises inversely to confidence in USD
BTC being the current well-known gateway to crypto is not a good or sustainable protective moat against other coins. There are many events that could remove it once the market & the crypto space matures. The scalability issues need to be fixed!
Personally I think the forks were terrible for BTC because it's few billions worth Currency into the market instantly. You can't build a currency that big that fast from scratch. They also stand as alternatives to BTC. Guess my $500 BTC prediction will come true sooner than expected. (I was originally thinking before the end of 2020)
Hey man.
I am enjoying the WTC profits thanks to your posts. So thanks. Do you have other gems like that one?
I work to enter the DAC ico. Not a breeze as they have this KYC procedure. IOT project of a Hyundai company.
You may want to take a look at that one.
The project does give me a bunch of green flags. But they are also going to face some real competition.
https://nem.io/enterprise/use-cases/
https://h.cash/
It won't be very easy for them as the competition has a head start.
Metaverse had some serious wallet issues despite having a bigger core dev team than NEO. If they get things together https://mvs.org/ is a easy X20 in a year. I'd advise you to be cautious with this one.
Sustratum unfortunately tripled while I was on ETH. It could still go much higher. But I'd rather stick with https://sonm.io/ which is to Golem which EOS is to ETH.
https://basicattentiontoken.org/ is already big. bit X5 in a year is 99.9999% sure. It just needs to have it's browser kick off (has over 1M Downloads on Android alone) and it'd be taking on online advertisers the same way BTC took on Bankers.
Thanks V.
My email is devrimogun at gmail.
Send me an email there.
Interesting thoughts about Metaverse. I have to look at this one.
BAT: I'm at this moment browsing with Brave (the browser of Basicattentiontoken) :-) ... it's nice ... and I'm invested to BAT too ...
I already have an advertising coin ADX.
I am not sure if I want another one.
BAT has the creator of JavaScript and Mozilla behind him and they have their own ad blocking browser with privacy features.
Take a while to explore : https://www.reddit.com/r/BATProject/
All right i will look more closely to it. It looks like sonm is cheaper then it's ico price at this time.
Might be an incredible opportunity.
Email me please let's give and take ideas.
I hope so! That way I can be chilling on the farm and trading cryptos raising my kids.
Hey, love this man, aiming to do the same thing here!
Hey nice to see fellow Steemians with the same thoughts! If you need advice on your farm, I am an agricultural consultant, kinda like the Haejin for your veggies and animals.
im with you on that brother!!!
Nice one!
Same here. Hope it will work out for you.
the same to you, come on massive profits!
Hell yeah, you guys are all invited to my ranch (that I don't have just yet) summer 2019!!
Right on! I will either be in Spain or Colorado (I don't have it yet neither).
:-) nice
You are predicting a massive correction for BTC after wave 5 of 5. Maybe this will coincide with the massive explosion of alt-coins.
that is exactly the same question i've been thinking of! @haejin - what's your thoughts on this??
CVC on the rise!?
I agree, something YUGE is going to happen is right. Something here in the next 3-6 months is going to unfold and cause a huge a surge in the crypto market. Are there any penny cryptos that you think may explode in this time frame? what are your thoughts on this? what do you think will be the next closest thing to the BTC explosion ??
Bitshares
XVG as per Haejin's analysis
thank you, I will take a further look. I appreciate your feedback
Any other cheap coins to look at as well besides Bitshares?
@vaneske A good website to check out would be coinmarketgap.com. I was just reading through some posts and one mentioned this site as a good reference for researching ALT coins (apparently there are more than 1,300... wow)
Steem
You're right, no other technical analyst or voice in the cryptocurrency community is calling this like you are. I think you're going to be proven right with you call.
Yowzers!! You are, by far, my favourite crypto-analyst - thank you so much for all you share
Hello, Haejin!
I Really love your videos and the way you teach, and your philosophy,
Im also very new to market and the behaviour of it, currencies exchanges and all this ..
But there is a fundamental doubt I have when reading this post:
Does the Crypto market work in the same way as what you experienced in the conventional market previously? This new world may come with its own new patterns of behaviour and don't respect the old ones.
Since some fundamental rules of fiat currencies don't apply to cryptos. Cryptos are something else, something new, can we expect cryptos to follow the patterns of the market that were always reliable in the past?
Do you detect any new modes of behaviour ?
Thank you