Bitcoin (BTC) Morning Update: The Bottom is NEAR!!
SUMMARY
This correction has been grueling for many. As I said, these types of corrections bring out the true colors of a person. It also teaches you much about yourself as a person and your limits. Discipline must be coupled with experiences like these downturns. The comments section of my blogs is well displaying the tendency of human nature to project one's guilt and blame another. Emotional maturity carries a person very far towards profitablity not only measured in currency but also in relationships and leadership by influence. The lack of emotional maturity results in loss in every ways.
The below chart shows three consecutive repeats of fractals. The Head & Shoulders pattern in the first green box is very visibile and a smaller on in the white box. The second green box repeats this fractal. The yellow box of current price move also shows the H&S pattern. I believe the bottom of this correction is near.
A closer look shows not only the H&S but the near competion of the final E wave. IF this is correct, the one more lower low as the prospective bottom is near. The E wave is expected to complete an abc (red) format. The final red c wave subdivides into five waves (white) and they are near completion. I believe the bottom of this correction could be in sight!
Elliott Waves can be applied to anything! Even to the MACD indicator. Below chart shows the five Elliott Waves of the downward decline of the MACD (blue waves). The final fifth wave is in progress and the level of MACD could reach -1,221. Wave 1 is the extended wave and in such conditions, the remaining waves 3,4,5 often equal 0.78 of wave 1 and that relationship is shown using the yellow vertical line. The bottom of this correction close.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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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 - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
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I hope so. It will be great for us all!
BTC seems to have fallen and it can't get up.
You won the internet. 😂
Is the spambot still downvoting all your comments?
A New Good Day with a new Good Analysis
This is rubbish haejin. Your all analysis regarding bitcoin were wrong. YOU HAVE NO KNOWHOW ABOUT BITCOIN . On the contrary, @salahuddin2004 prediction are much more concrete.
@zamara. You have free will. If you think haejin is not good enough for you, don't follow him. Just promise me you never come back and check Haejin's posts. You go follow @salahaddin2004, or simply follow your own prediction since you are that good. I have been trading for sometime, I can relate to what Haejin is saying. For my own risk management, I will not follow salahaddin. That's what trading is about, isn't it? Risk management.
You argue the same fucking ignore the reality nonsence.
Dont you get it. Random arrow up dont deserve all this reward.
At least not 10 times a day!
And i can downvote whatever i want.
You hit the stupid upvotefeedbackloopslave-button and i hit this other button because i got free will!
salahuddin doesnt do any analysis, he a graphic designer, who likes to draw nice picture. STOP using Haejin site as PROMO FOR YOUR OWN. Its sad and makes you look like a clown.
Stop spamming everypost with advertisements. flagged that shit.
I just can't wait to see what will happen next month..ah yeaa
This is rubbish haejin. Your all analysis regarding bitcoin were wrong. YOU HAVE NO KNOWHOW ABOUT BITCOIN . On the contrary, @salahuddin2004 prediction are much more concrete
Check out this post for more info related to bitcoin and stripe. upvote, resteem and comment your thoughts.
https://steemit.com/cryptocurrency/@pratyush149/stripe-is-now-ditching-the-idea-of-having-bitcoin-as-one-of-its-payment-method
cyrtocurrencies are unpredictable
Yes that’s true , unpredictable, on the short run , but on the long run is kinda predictable ( not 100%, but to a great extent) .. I think 🤔
Abit of an understatement. I started in November and am still no better off. When your up 400% take all your profits cause the Bitcoin whales take profits every 4-6 weeks, resulting in a mini crash of the alts.
Have yet to try it but i have a feeling i will make more money.
Of course keep the main players, Bitcoin, Ether, Dash, Ltc. Apart from that not much else keeps its value.
This is rubbish haejin. Your all analysis regarding bitcoin were wrong. YOU HAVE NO KNOWHOW ABOUT BITCOIN . On the contrary, @salahuddin2004 prediction are much more concrete
Guys open your eyes. I am not promoting anyone. But @salahuddin2004 deserve respect for his TA. Look at haejin new drama
This is rubbish haejin. Your all analysis regarding bitcoin were wrong. YOU HAVE NO KNOWHOW ABOUT BITCOIN . On the contrary, @salahuddin2004 prediction are much more concrete.
This is rubbish haejin. Your all analysis regarding bitcoin were wrong. YOU HAVE NO KNOWHOW ABOUT BITCOIN . On the contrary, @salahuddin2004 prediction are much more concrete
This is rubbish haejin. Your all analysis regarding bitcoin were wrong. YOU HAVE NO KNOWHOW ABOUT BITCOIN . On the contrary, @salahuddin2004 prediction are much more concrete
His post indicates 30 march 2018 bitcoin will hit 30 k
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-will-retest-20-k-before-30-march-2018
This is rubbish haejin. Your all analysis regarding bitcoin were wrong. YOU HAVE NO KNOWHOW ABOUT BITCOIN . On the contrary, @salahuddin2004 prediction are much more concrete
This is rubbish haejin. Your all analysis regarding bitcoin were wrong. YOU HAVE NO KNOWHOW ABOUT BITCOIN . On the contrary, @salahuddin2004 prediction are much more concrete
This is rubbish haejin. Your all analysis regarding bitcoin were wrong. YOU HAVE NO KNOWHOW ABOUT BITCOIN . On the contrary, @salahuddin2004 prediction are much more concrete.
This is rubbish haejin. Your all analysis regarding bitcoin were wrong. YOU HAVE NO KNOWHOW ABOUT BITCOIN . On the contrary, @salahuddin2004 prediction are much more concrete.
salahuddin hasn't made any bitcoin predictions in weeks except this one 2 weeks ago where he says BTC will hit 20k by a week from now: https://steemit.com/bitcoin/@salahuddin2004/btc-will-hit-20k-in-next-3-weeks
get real. @haejin has been calling this (E) wave since before the (C) wave dropped.
Could it be that this author himself is some kind of spam? His EW counts were incorrect, too.
Yeah and he seems to have been wrong.
dont waste your time he's just a cheap imposer trying to cash in on peoples naivety and wishful thinking in time of despair
Haejin sucks
This is rubbish haejin. Your all analysis regarding bitcoin were wrong. YOU HAVE NO KNOWHOW ABOUT BITCOIN . On the contrary, @salahuddin2004 prediction are much more concrete
This is rubbish haejin. Your all analysis regarding bitcoin were wrong. YOU HAVE NO KNOWHOW ABOUT BITCOIN . On the contrary, @salahuddin2004 prediction are much more concrete.
What's your effort. I find it hard to see your efforts. Your contradictory statements only. Please don't fool people
This is rubbish haejin. Your all analysis regarding bitcoin were wrong. YOU HAVE NO KNOWHOW ABOUT BITCOIN . On the contrary, @salahuddin2004 prediction are much more concrete.
yes like bcn to 1$ shortly get a grip on reality
Hey, if so, go to @salahuddin2004.
This is rubbish haejin. Your all analysis regarding bitcoin were wrong. YOU HAVE NO KNOWHOW ABOUT BITCOIN . On the contrary, @salahuddin2004 prediction are much more concrete.
This is rubbish haejin. Your all analysis regarding bitcoin were wrong. YOU HAVE NO KNOWHOW ABOUT BITCOIN . On the contrary, @salahuddin2004 prediction are much more concrete.
People like you makes me NOT want to visit this Saladaladdin2000 guy's page.
dont waste your time load of wishes of stars in the sky zero reality
This is rubbish haejin. Your all analysis regarding bitcoin were wrong. YOU HAVE NO KNOWHOW ABOUT BITCOIN . On the contrary, @salahuddin2004 prediction are much more concrete.
'This correction has been grueling for many. As I said, these types of corrections bring out the true colors of a person. It also teaches you much about yourself as a person and your limits. Discipline must be coupled with experiences like these downturns. The comments section of my blogs is well displaying the tendency of human nature to project one's guilt and blame another. Emotional maturity carries a person very far towards profitablity not only measured in currency but also in relationships and leadership by influence. The lack of emotional maturity results in loss in every ways.'
I would have never thought that by learning some trading skills I would confront with such personal evolutive patterns.
As a fractal, we find in trading what we find in any human interactions, with highs and lows, etc. Just accelerated. With a good dose of adrenaline.
Fascinating!
And thanks again for sharing Mr @haejin !!
ahh i think trading makes a person find its suitability, are you a swing trader or a scalper, do you feel safer on putting your money for gains or somewhere safer where you do not lose so much... it is a matter of preference and you have a responsibility, because that is your money... not haejins not mine, not the haters, not the spammers. so it is a journey, it is of maturity, it is an experience.
Everybody is euphoric when in the green. You are right, you are really tested when you are in the red! This is where your faith is tested. Did you do your homework before investing?
I am on the same page as you with regards to trading and personal development. I never would have guessed that I would have learned so much about myself by trading.
New information almost everday, never seen them fractuals. You bring so much value to the community Haejin.
Thank You.
Nice post!
I hope we see recovery happening soon :)
HODL ftw!
Cheers
F yeah...
Yeah some coins like Verge and Ripple could easy dobble your investment if you buy now.
@cocacho. I don't buy Ripple in case it disappear on me one day.
This move to 11k you didnt see with your random arrows right?
I also follow a Trader. But he is saying that he is drawing RANDOM arrows, which point into the future. (edit)
So thats why...
But okay i am also looking for 7k5...
"But he is saying that he is drawing RANDOM arrows which have to do with the future." what are you brabbeling?
;-) read again. Its a normal sentence...
well not normal to me, glad we have different standards
A arrow that points into the future in a graph is random.
Its simple.
I changed my sentence a little bit maybe now you understand...
thanks for your efforts.
Elliot Waves on the MACD...brilliant...
So for all the haters, we can now see haejin was right all along.
well not really, TA has changed several times(not just his but most peoples), but I appreciate the updates and the training videos. the only good advice would have been to sell to fiat awhile ago, but my suggestion was flagged to oblivion, cause I am an idiot who just doubled his stack.
The spamming of poo is getting ridiculous
I don't know how long you've been in this game, but after a few of these corrections you understand that it's just not worth the risk trying to time the market, whether or not you're following anyone's TA or not. You might get it right, and make a bit of money buying back on the dip, but more often than not you'll get it wrong, and eventually you realise the pain of missing out on the bull runs is much worse than the pain of seeing your portfolio temporarily down 50%.
I only follow @haejin's blog for buying points only, and to get a feel for where the market is going. Not to trade. Buy and hold is the winning strategy, and only selling when you've reached your moon.
Taxes also come into play, and the hassle of trading and reporting that, and paying the capital gains each time is not worth it.
I do not try to time small movements or day trade and I mainly hold myself. Stake what I can and run bots/nodes to help the community.
I do think that profit can be made with minimal risks if you limit the risks with stop orders, watch charts, and do some research. I only attempt this when I am anticipating big dips and the likely hood of it going the other way is not high.
Sorry my post was condensed but I had stated previously the best recommendation would have been to sell out (if you were comfortable with it) if not then to just hold. I said it was bad advice to be buying into alts during the last two weeks(mainly with fiat). To me that is good advice, people might not agree, but it definitely doesn't warrant being flagged or to be insulted.
I can agree with most of what you said and I am glad you do your own work and use other peoples TA, advice, research as tools to help you succeed. Because really just this TA, or someone else TA is not enough.
Taxes can be an issue, but talking to my accountant, from his understanding its considered a capital gain regardless if you are just holding or do minimal trading unless you are considered a day trader (several trades daily) then you get hammered. You would only have a bigger paper trail, but i only try to time the big dips.
@h00pla85. TA has changed serval times. Of cause. What do you expect? Not to change at all. Trading is fluid. You have to change with it. News always comes after the fact. How does it help you trade? Your opportunity is gone, done with.
i was responding to someone who said he was right all along, which he wasnt. i never said thats unreasonable. I dont expect people to be always right and for TA to not change.
@h00pla85. Your only good advice would have been to sell to fiat awhile ago. Could have, would have, should have done it. What good would that do?
because i said it awhile ago? and can now buy back in for a discount? Its what i did and suggested to do, but i got flagged to oblivion for giving a counter argument. I wasnt posting poo all over the palce
I think you sound like a smart person. I followed you.
But yeah trying to tell people the sky is falling....It's a hard pill to swallow.
You can understand why people wanted to bury their heads in the sand during the downturn (which isn't quite over (and yet people will probably take this as a signal to buy now)).
During a bull market analysts like haejin are invaluable. But they can't be expected to let you know when to cash out.
When it starts to get frothy, you can save yourself from a lot of pain by listening to contrarians.
thank you. I have said a bunch of times that I appreciate his blogs (heck i only started disagreeing with some stuff two weeks ago when i fairly certain he was wrong/unclear) and i have no problem with people disagreeing with me.
What i can't stand are people calling others idiots, trolls, and haters when they are just disagreeing with him.