Bitcoin (BTC) Evening Update: A Pregnant Bullish Ascending Right Triangle!! Check out these CHARTS!
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SUMMARY
First, the video has more details, please consider viewing.
Bitcoin's (BTC) day time price action has defined two patterns, both bullish! Below is a Head & Shoulder Bottom pattern and I've labeled the Left Shoulder (LS), Right Shoulder and the Head. The pattern is uncanny! Minimum price move is measured to be $21,000.
Here is another beautiful, BULLISH patern! An ascending right triangel by forward discernement! The a and b waves are complete and after the c,d,e are placed, target is $22,323 for minimum price run! Note how this pattern is pregnant with the Head Shoulders! When one bullish pattern is embeeded within another, it's BULLISH! Again, video has more details!
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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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.**
lets rock and roll btc.
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BCH/BTC
Dude...this one is looking so bullish..i was surprised to see Brian Kelly on CNBC say he would choose BCash if he had to choose between the 2 (even though he owns both) because of the M1 market they will fill the void with...right now he's right because of the blocks...my view is that BTC will be digital gold and others like Bcash will fill the payment and micro payment void for now...like haejin says, i don't care about all of the noise..i just watch the waves...i do watch the news and articles just to see the news after the waves just for shits and giggles and im amazed every time..even after 20 years...lol..but Bcash is presenting one of the best bullish triangles on the list ...looks like ETH did a few weeks ago or days ago
@Haejin, I remember a while back you did say that after bitcoin hits 20+k, we will see a huge correction. You had the target towards 500, but I don't think it will go that low and I don't think you meant exactly that. But do you still believe after this huge run we are going to see those 50-70% corrections from top? Lets say down to 12500-7500 range fro the top? I know bitcoin has gone through an 80% correction before. Would like to get your input as to where you stand with your predictions from a while back. So far the top seems to be coming true how about the bottom? Still thinking we will see a deep correction?
$30k or so, then correction NOT a crash, a correction to 18k or so; then $75k
@haejin I love your predictions in actually applying the correct theory. resteemed this too
@nkd11 As for the market it will always semi-fluctuate depending on world events and news. I would say as heaps of regulations and taxes are just starting; after the next big most govt. departments will start targeting individual crypto traders for tax or other "regulations" of sort. At that time there will be another huge correction of 40-60%.
I hope all Steemers can support each other more and create awareness for each other, articles like this would be GREAT help to all newcomers to this crypto world.
Thanks guys!,
CryptoZen
heajin dont you thing this is a sign of the final of wave 5?
No, because of the Cambrian Evolution BULL setup of Altcoins (Cup & Handles, Jaws of Wealth, Bullish Triangles, etc) I don't see Bitcoin topping yet.
@haejin, i think we should expect some correction after this festive period... correction should start around February i think ...on BTC
Great call regarding the Alt Coins @Haejin! XRP moving even more aggressive than your forecast.
Thank you for the XRP tip! :) massive profits!
You are the best! I am sure that everyone that comes here are all grateful! :) please take care!
amazing mate keep it up!!
Thanks Haejin, Could you please do TA about CVC
No change from last update
thanks a lot for diacuss about bitcoin..cause bitcoin is my best earning site..your bitcoin post give my huge knowledge thank you very much...i wait for your next content..all the best
😍😍😍😍😍
Wonderful again Haejin. The patterns really make sense.
Do you use a regular mouse with Trading View? I just have my touch pad on laptop and it seems like it zooms in and out beyond my control and I would like more precise capabilities.
Can you do an update on ZEN? I was just messing around with the charts and thought maybe I saw a Bearish flag or potentially a head and shoulders. Here's my attempt at identifying some patterns. Would love to hear your thoughts. Thank you as always!