Bitcoin (BTC) Morning Update: Landing Zones
SUMMARY
Bitcoin (BTC) overnight price action is adhereing to carving out the subwaves of blue wave (3). While there is a current bounce, the frenzied capitulation phase could be taking a breather. Once blue wave 3 completes, a larger bounce is expected to ensue. I personally don't try and trade these bounces...it's too much of day trading. And such never works consistently.
I've drawn out the 1.62 x blue wave 1 length using vertical lines. This would be the first level projection for blue wave 3 in an alternate count with a second landing zone. From a Fibonacci standpoint, this price distance measurement fits well. Recall that wave lengths are always measure in price distance, never in time distance. This way, wave 2 could take alot longer than wave 1 in time, but remains much shorter in price. Confusing wave length with time is a common Elliott Wave newbie mistake.
Here is the bullish alternate count where the five waves down for red wave C could be complete. If so, it could look like this as if blue wave 1 was extended. However, this would not be my primary count, just a second alternate but still good to keep in the awareness zone.
Legal Disclaimer: 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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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Essay: Is Technical Analysis a Quantum Event?
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Hi @haejin, do you know why or can you ask @ranchorelaxo why he flagged this post?
https://steemit.com/witness-category/@jasonshick/meet-our-witnesses-netuoso
Explanation for high upvote
i sold my bitcoin at 9500, i saw it was going down and u mention it going to 8k but after few hours bitcoin spikes, and i lost money , any how thanks
Translation: btc went down. I saw this and became fearful of taking a loss. I searched for justification of my fears. I found a Haejin post. Haejin post said 8k was possible. I sold at 9500 maybe assuming I could get 18% more btc this way! Oh dear, it went up, but its not my fault, I sold, but definitely not my fault.
@haejin is not a fucking magic seer and I do not know if the TA is bullshit or not, FWIW I have used a few tips to place bets on several crypto that have been successful, using his tips along with a lot of dd I do myself. Hell, its even fun just to see if something I hold pops up on one of his posts! (this is the important bit) HOWEVER: EVEN IF I HAD A TOTAL LOSS with coins BASED ENTIRELY OFF @haejin tips I WOULD NOT EVER CONSIDER BLAMING HIM FOR MY ACTIONS... are you kidding me?
Take some responsibility of your own actions like a fucking adult.
My apologies for the maybe not so subtle attack, it does suck seeing your shit go down and I wish everyone the best of luck as a general rule, but a cool thing about crypto is its all about being the sole person accountable for your own money, including why/how/when/where you buy/sell/trade it.
tbh if you still have the cash there is a non trivial chance we see 8k and you can buy back in.
*edited a word
🤗postingan yg begitu bagus
? Are you blaming him?
This drama is so silly... I can't even..
@kimjongpoo is so sorry! I did not mean to offend poo! Doo doo forgive me??
Hi Transisto, I know you are a very reasonable Steemians.
Can you do something to solve issue with racist laden flag war?
If you truly review this blog, they have helped a lot of people. Which other blog gets 30k plus views? At times 10k on the first hour? The thousands of new steemit users this blog has brought. I've checked all of this blog's DTube posts and there are so many who get more payouts than Haejin per post. But their viewers are not even 1/10 of Haejin's.
I think Steemit whales like you should help Steemit Super Stars because such talent and attraction to Steemit he stands for is of value for the community. There aren't that many Super Stars in steemit and without help, they can go elsewhere.
Can you kindly help in any way?
Thanks
Hi Transisto, not sure, perhaps he was angry and was downvoting @berniesanders and accidentally downvoted this without seeing it was a resteem. I'm sure it can be fixed.
Kind Regards,
Haejin
Market is dropping hard. People are going to rant cause they loss maybe half their previous profit. What to do? Keep learning about wave patterns and TA. One day we will be better. Trading is like this.
Yup, and for anyone who doesn't want to learn a lot about technical analysis, just buy after crashes and HODL!
There’s just too much to learn. I’m already addicted though.
Dont learn from haejin though...
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-17-2-day-16-accuracy-12-10
I think the moon is in the other direction!
HODL HODL HODL !!!
I'm on the same page here, been preparing to buy in now, and lower. Set your buy levels guys and try to enjoy the ride. And for those of you that are stuck in other coins, I recently posted valuable updates on coins like:
BTC, ADA, BTS, EMC2, ETC, GNT, SBD, STEEM, XVG
https://steemit.com/bitcoin/@benkalashnikov/important-coin-updates-btc-ada-bts-emc2-etc-gnt-sbd-steem-xvg
Just a dip huh?
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-17-2-day-16-accuracy-12-10
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
Man I don't know if you don't have nothing to do but you better get a life and stop disrespecting Mr.Lee. Go somewhere else
Unfortunately the downside of Steemit... Hope it will be fixed soon
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
great pic) this is my answer to you enjoy)))
Great work. Had to laugh a lot...
Lol Hilarious , I am saving this on my blog . run out of fiat , maxing credit Lmao !
Hacksaw Ridge this time right...
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
hahahahahah lmfao
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
Maybe we will keep hodlin until zero if this keeps going 😂
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
Get a life dude, You are a prime example of internet troll. piss off
Have anyone reported this Ashle already ?
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
Can you please stop??!!
You are acting ridiculous and it is annoying people here who are interested in Haejin's analyses.
Best regards from the Netherlands
I don't get it.. is this the racist comments? Are you for or against the blog? Are you saying he is unworthy of haejins response or that haejin is too lazy to repond?? so confusing...
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
It's incredibly selfish to be down voting these posts at a time when the market is falling and people need Haejin's posts for reassurance.
That's what this platform is. A selfish money printing factory for abusers. (and CEOs)
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
HODL!!! AND BTFD!!!
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
Time to flush you down the closet, please don't trouble community who are seriously looking for some updates!
Getting ready to buy around 8-9k :)
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
Hey Kim I see you bought thousands of Steem. What exactly is your strategy?
in case anyone is sick of the spam by @kimjongpoo, dont forget you can simply mute a person.
upvoted for visibility
Just click on @kimjongpoo and while you're on his site at the right top there you'll find a button to mute him. It works perfect!
thats what I'm talking about, right😊 but thanks for the guide 😉
Ha, ha, that's the whole problem with internet. You can find everywhere what you can do. Never how to.
well yes, but if muting is to difficult then the problem might be found in the user..;-)
also no need to go to the page to mute, simply click on the name right in the comment section and a popup appears where you can select mute #LIFEHACK
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
seriously?
Could you verify it was you that reached out to me on steemit.chat?
Confirmed.
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
It is great news if the BTC price gets below $10000 AUD