Bitcoin (BTC) Evening Update: Primary & Alternate Price Pathways
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SUMMARY
To ALL Downvoters, here is an example of how my blog HELPS and does NO HARM!!
This morning, I had used the below chart to demonstrate an alternate probable pathway and Bitcoin (BTC) decided to take that route!
The a,b,c is classic and vintage Regular Flat (3,3,5) correction. As shown below, the C wave is extending and I've laid out the subwaves for each. If wave C's five subwaves are correct, then there is confidence that the bottom could be near or already complete.
This chart is a high zoom at 5 minute interval and was used to label the subwaves of the subwave 5 of C. This level of subwave labeling adds additional confidence that the bottom could be complete.
There is a scenario for one more lower low as shown below and if so, we could see $15,003 but this is not required. Let's see what happens overnight.
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:
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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.**
@Haejin YOUR ATTITUDE ABOUT LIFE IS AWESOME, AND SO ARE YOUR SKILLS! MUCH APPRECIATED! 😀👍
@uknowjpbitcoin Your reputation is off the charts, with me. You will not be forgotten.
I mean with BTC prices skyrocketing I think it makes more sense to try cloud mining because of higher returns. https://hashflare.io/r/7487B9DC 10% OFF voucher: 7487B9DC
What kind of people are down voting?
It's like bad people.
I'm Full voting for you!
Cheer up @haejin nim!
Me too 100% !! I guess there are always trolls
There is a guy that affirms the @Haejin is using some (fake) account to promote a unbalanced share of rewards for himself on steemit
be nice. people can be fools, you'll never change their minds by attacking back. they aren't trolls but goodhearted souls, they are defending what they believe to be a problem. I don't know what to believe, but I am now afraid that what feminism did to men's rights movement is happening here.
go watch The Red Pill it is a real eye opener, shows you the truth.. and i just watched it last night, how could I be so blind?
This berniesanders guy doesn't even stand and fight (ie discuss) he just starts a shitstorm and walks away. he is the real problem, the users he rallies are just being taken in, they feel they are rightious. well, so do the extreme feminists. Thankfully I'm not that far gone, I continue to listen, I continue to grow.
don't hate us, we are all doing what we think is right.
once they feel 'justified' they ignore logic/reason... i changed my vote because i went to sleep on it. I woke up feeling horrible. so here I am, trying to make amends.
Never mind the downvoters.
“You will never reach your destination if you stop and throw stones at every dog that barks.”
― Winston S. Churchill
Maybe that's why I'm 14 in reputation despite the fact I create my account a few days ago and just replied to some haters posts ... (just tried to explain that haejin posts where not scam but valuable ... at least for me).
lol
I'm upvoting the comments of all the people that I see who were downvoted for standing up for @haejin. I was one of the first to comment on that post, it was a bit scary because after months of hard work I've just got my steemit account to really start generating money. I didn't want to jeopardise that, but I couldn't stand by and let those scum trash the best poster on steemit.
Thank you @adri1202 and all others who stood up to the bullies. The @haejin community have shown that we are strong and stand in solidarity!
Great quote despite churchill being a warmongering sycophant.
He was a quotable curmudgeon.
Here is the most efficient route I know:
This is a guy called hendrix22 and note the lie about 20 posts a day.
Upvote @haejin - A minnow like me only get 10 upvotes a day. I use half of them on @haejin and sponsored him on @steembasicincome This will negate the efffect of downvotes.
Withdrw support from the violators of NAP. https://steemit.com/steem/@berniesanders/join-me-in-flagging-haejin-46k-in-abuse-rewards content of the above article made me undo one of my witness votes and I will not use the voting bots related to these violators of NAP(rando & buildawhale from what I know)
Do nothing. Keep your calm and know to vote with your digital feet when a better alternative comes and steemit start looking like Bitcoin community.
The pig comparison of course shows its own level of severe cognitive dissonance, or call it ignorance - the pig will definitely NOT like it. But the human sociopath always does, and that's what we're talking about here. The only thing that should get hurt in the long run is the assumption that news items never influence Elliott Waves - no rule without exception...
I think most here would rejoice if haejin did 50 posts a day ;)
What I've come to notice in my less than 5 months of trading is that smaller the time frame, less important fundamentals are and longer the time frame more important fundamentals are.
If you are using 5min charts, the effect of fundamentals are negligible. But if you are going to buy and hold (especially a new coin without much price history) and use a long time frame (weekly or higher) fundamentals matter a lot.
One thing about life is that you live it in scenes but remember it in moments. At least according to my crypto experiences day trading is pretty much just sentiment based. But like anything in the world, facts catch upto feeling, eventually.
Hell yes! The only problem would be depleted voting power.
As long as we keep requesting coin TA, he has plenty to post about.
besides destroying someone all this is also draining the upvotes possible, redirecting goodness towards hate.
don't ever get on a bandwagon here, unless you fully understand it.
Go Watch 'The Red Pill'
I think how feminism was used to target the Men's Rights Movement is similiar. They think they know what they hate, but if they saw this film they couldn't be mad.
Very true.
Downvotes negate upvotes and they are an aggression against those who upvote the posts. Flags that are used beyond what is getting flagged by steemcleaners is an abuse of power.
I really don't like churchill.. but yea, head up haejin!
Less that Roosevelt, better that Hitler and Stalin.
Excellent research, as usual. Thanks!
Thank you for posting
I have added a long position arounf 17100 mark bit I missed the entry at 16000 mark as I was sleeping. This is still good becaise this correction was needed for next leg up to 23000 as suggested by you.
The recent btc dump was more a bch effect as it was listed on coinbase so people sold btc to buy bch. Now it is time for bch to correct.
I would love to see how you see Bch now
My target for BCH is $3,333
Could you please do an update on litecoin and XRP?
Thanks mate
Great Its right time to sell BTC to USD or buy BCH ?
Too late, they pump about every six weeks (last time was Mid November, same effect) - thats all it is, a pump by Chinese Miners (mostly on bithumb), and those who get in too late, lose their money. There's still a good chance to buy bitcoin cheap at this time, though. BCH - I would wait for the next likely pump around end of January, likely together with some news about "Wall Street getting into crypto investments soon"
BCH isn't worth it, I would prefer Litecoin to it anytime, there's just the cognitive dissonance as the name begins with "bit" - just another altcoin really.
However if enough people suffer from cognitive dissonance, it will become their god.
Personally I will just trade bch. I am not selling my long hold btc to buy bch. This is just hype and bch will return to its normal price around 1500 to 2000
If you invested in BCH instead of BTC at launch you would have made more money, it has out performed BTC. BCH offers much lower transaction fees, is faster and doesn't need third party, private companies to scale. Its more than just hype.
Thanks bro for this info it help me a lot .
No way is this just hype... Bitcoin Cash actually works.
I converted to BCH 40 or so days ago. The next best time is right now.
Well played.
the signs are everywhere. In long run, Bcash is much better than Original Bit. Thats why it has risen so much.
Ignore haters
I fully support haejin and his skills are unbelievable! To haejin you are helping so many people like myself with your blog! I have a wife and 3 young children and your blog has had SO MUCH positive effect on my entire family! Your analysis has multiplied our families nest egg!! I have been. HODLER of bitcoin and eth for a long time.... but using your AMAZING GUIDANCE I have been able to grow it exponentially! I have also made investments for other family members! From where I stand you are a WONDERFUL PERSON AND I TRULY HOPE YOU CONTINUE YOUR EXCELLENT WORK FOR US ON STEEM!! Thanks from me and my family!!
Bitcoin is not going anywhere, you got to HODL. Also, remember don't trade on emotions, there are a lot of people who have lost money in the market because they trade on emotion.
You were spot on the decline of BTC. Time for a run up.