STEEM Update: What's changed?
STEEM forecast has changed little to none. The wave i and ii are still valid and sub waves of iii are starting with (i) and (ii) currently in progress. Until prices go below the lowest point of the cup region, the forecast is still valid. Can the potential Bitcoin Bear dampen the rise? Of course! But, I'm not seeing that yet.
PS: I try to respond to every comment and post. If I've missed any, please do repost, even if in a different, more recent blog. There are soooo many to respond to and I might have missed some. Thanks!
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.
Sometimes I wonder why do you spend so much time helping us without asking anything in return.
Thank you, Haejin!
I alway say to my kids: "Always be kind, never be mean and never go out of your way to hurt others. But don't be stupid about it."
It's my way of giving back. Simple.
Don't temp the man's thoughts.....just remain thankful while we have his guidance!
LOL, i have been approached with a few commercial opps but have not accepted any.
@haejin - I have been away a couple days, but have been studying the emerging markets in the east. I posted this a month or so ago, and had since changed my internal feeling about the BTC fall. I'm heading back the other direction. The more I study the eastern coins and markets, the more I'm starting to think BTC will of course correct, but I get the sense now that more people have faith in alt coins than ever before. I see alot of BTC moving into alt markets.
Of course no one knows FOR SURE anything, but I'm beginning to retract the idea that everyone will bail on all coins when bitcoin corrects. bitcoindark is skyrocketing, WTP is skyrocketing, it's possible that this trend continues as btc corrects, and we start to see new patterns emerging from these alt coins and dark coins. I have repeatedly spotted a 5 wave upswing, switching into a tightly woven consolidation triangle, only to restart the 5 wave up again.
I also believe Monday/Tuesday will be very telling of people's sentiment. We are in the middle of a holiday weekend in US, volumes are low, but Monday and Tuesday will reveal much about where we are headed.
Your thought process is a fundamental base thought process. There is nothing wrong with it. However, TA states that a reason or an event shall arrive to justify the forecast and not reverse. Therefore, TA begets the fundamentals and not reverse.
A very nice cup and handle formation.
Break the lip of the cup and this will could explode. C&H formations can be very powerful.
Yes, I've made MASSIVE profits from C&H patterns.
hey haejin what do you think about geocoin i see it wanting to explode as well?
Here is the analysis on GEO, please only use to augment your due diligence.
https://steemit.com/bitcoin/@haejin/geo-coin-geo-analysis-will-it-crash-find-out-in-this-blog
You're the real MVP ! Thanks for all, really appreciate it!
I wish you MASSIVE profits!
yes we all massively appreicate your insight - can I ask what is your strategy in terms of cashing out profits ? If profits are left in crypto then they could be lost when the market corrects. If cash out profits for FIAT people would be liable for Capital Gains Tax - what is your advice to maximise profits but stay withint the law ?
Good Question and this has been covered in past blogs on how I use laddering techniques. Like shown in this chart. I use support/resistance to spread my buys/sells so as to remove as much emotion possible. Also, it prevents the frequent occurrence where a single transaction buy results in price just going lower than buy price.
