Bitcoin (BTC) Evening Update: Primary & Alternate
SUMMARY
The below chart is the most recent update that was posted during today's mid-day post. I believe wave B doesn't need to touch the upper white trend line and instead, a smaller bounce from wave A would suffice. The correction is still expected to be an abc type.
Bitcoin (BTC) has likely completed the a,b waves and has already started on wave c. The wedge pattern is also quite uncanny and the five waves of the C wave are marked in blue. Once the 5th wave is complete; the $10,142 could be the target zone.
However, I see a minor Head & Shoulders top and the Left Shoulder and Right Shoulder are labeled. The blue Neckline is also drawn. IF this pattern is correct and complete as well as confirms; then the minimum price run is projected to be $9,643 or so. Having this in the awareness would be valuable should this alternate become primary.
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From April it is expected BTC will gain
I am seeing so many little hints of "April" being thrown around in tweets and comment sections of various media sites. Is there insider information? Does someone know of a flood of investors (Wall Street and/or other whales in cahoots) that will drive the market in April? Or is this all merely the guess of the folks who I hear saying "April?" I'm genuinely curious.
While my TA skills are amateur at best, I do sense patterns quite well, and I've been noticing that many alts are bleeding out slowly, especially as Bitcoin awaits confirmation, thus upping Bitcoin dominance as long as it stays flat. If I'm right about this pattern, I'm wondering just how low some of these alts will get if they need to endure another month of a flat Bitcoin. Just to pull one example out, let's take AST Airswap. It's lower today than it was during that market dip that we had below 300 billion. One step forward, two steps back.
I'm only about 4 months new into crypto, but I've done many times over, my "due diligence," researched the hell out of coins/tokens, and spent hours learning TA, but there is one critical lesson that I missed that would have made all the difference in the world, and that is to keep fiat on hand to buy the dips. Of course I will never sell out with weak hands, unless it's strictly to buy back and fill my bags, but damn it would be so great to be making profits on the few newer projects that are booming right now as the rest of the alts bleed.
Sorry my comment/question was so long, but I feel maybe it's good to read for someone else who may be in a similar position, for a bit of comfort. All in all, I love cryptos and nave no doubt that it's a "when," not an "if," they will fly high.
Regarding the April rumors its a past trend, if you look back at the last few years BTC has always been bearish around Feb-March.
I think once we get to Easter time it will start to grow (Hopefully)
Alts are all bleeding as many are taking profits and moving into BTC and also lots of ICOS have been released in the last month alone.
Buy the dips and HODL is my best advice :-)
Regarding have additional fiat for dips the best thing to do is have several different incomes coming in (Ideal world I know)
Currently I have minning which ticks along nicely and other bits and then invest as much as possible on the dips, although the dip has pretty much been 2018 so far in my opinion.
I hope it goes back to $20,000 again. That would be MASSIVE PROFITS FOR ALL again. Unless you bought it at $20K. I will HODL until Haejin says it's the right time to sell.
I know what you mean, I'm one of those in the same position as you. I'm not selling either. The good thing is you have the time to research the coins, their not going anywhere now. You can judge them objectively without looking at the speed of growth, since there all bleeding right now.
Good luck!
Wall street is coming.
Of course. In a market where all the dumb money is hesitating and passive, institutions reign supreme. They will use the best moment. Hint : they always buy low
don't know why your posts are flagged as low rating sometimes. i find them incredibly helpful and insightful. thank you for all that you do. They get an upvote from me every time i read one.
its all due to jealous trolls trying to drive users away from @haejin and to themselves. you can actually make money with steemit so they do whatever is necessary. internet trolls are everywhere but they seem to hit haejin especially hard
I'm new here why would they do that to @Haejin. I really like watching his videos. I came here a few days ago because of seeing his youtube videos.
In a nutshell, there is a limited supply of money available to pay content producers. The trolls believe that @haejin is "taking" too much of this money, and they downvote him full-force in order to remove some of his rewards. They can do this because they hold a large amount of stake in the platform. @haejin also seems to hold a sizeable stake, but more importantly has support from another whale, @ranchorelaxo, to regain the rewards he has earned organically through the support of many thousands of followers who upvote every post he makes. I will gladly continue to upvote every post not only to stick my thumb in the trolls' eyes (although that's a big part of it at this point) but because the information presented here, especially the tutorials and the daily insights into TA and EW, hold incalculable value.
In actuality, the whole war started because that whale started upvoting him indiscriminately essentially spamming all trending pages. Steemians who would otherwise simply ignore were forced to adjust his earnings. this is in line with the design of steemit and is detailed on page 14 of the whitepaper.
Haejin and Rancho represent a collusive group. The community responded to that group as expected and that's why you have the flag war.
That's not how I remember it going down. Rancho didn't come in for backup until long after burnee was reducing haejin's posts to nothing.
First mention of haejin by bernie:
https://steemit.com/steem/@berniesanders/join-me-in-flagging-haejin-46k-in-abuse-rewards
The site won't even load haejin's posts that are over 2 months old so I can't offer hard evidence to prove you wrong. But haejin made a post in mid December after a few weeks of a flag war where he announced that he and @ranchorelaxo had made a deal to nullify the downvotes he had been receiving from burnie. This likely precedes the post you just shared. I had no knowledge of @ranchorelaxo as a user prior to that post by @haejin, and there was certainly no mention of him by burnie in his daily lunatic ravings.
Even now, just look at the demeanor of the two. All flaggings being equal, look at the name-calling and character assassination being done by burnie's crew. The man is completely obsessed with beastiality and excrement. Are these the kinds of people you want to associate yourself with?
Bernie began the flag war, rancho came after that to support haejin.
Bernie's responsible for that war.
I just proved otherwise.
https://steemit.com/steem/@berniesanders/join-me-in-flagging-haejin-46k-in-abuse-rewards
That is the first time Bernie ever mentioned haejin.
Rancho was already in the picture and was the cause of the war. Everything is on the blockchain. You can see for yourself.
While I appreciate your diligence (it must have taken forever to drag this post up) showing where bernie first called for his followers to flag @haejin is not proof of anything at all. The flag war began long before this post. I am currently scrolling through @haejin's posts to present a clearer picture of when this all began. But because of the limitations of the steemit platform, it may take me a while. It may take me so long it might not be worth the trouble...
Yes and anyone who was actually watching (and didn't hear about it after the fact from burnie's blog) knows that this is true. I can't believe this is even still going on. It's all just jealousy.
I've noticed that DigixDao DGD seems to be acting in a non phasic manner to bitcoin. I would be interested in seeing an update on this coin.
DGD is supposed to be linked to physical assets (gold). Their white paper and website promote a stable value coin linked to physical assets.
Does not act like one to me.
On the way up nobody complains. On the way down everyone will cry
Nice analysis
nice post you friends
What a shameless use of bots to get 2 cents.
nice post you friends
Bereh goe analisis mas @haejin 👍
Hey @haejin, great info on Bitcoin! Thanks for sharing. The markets are fun right now and it's great to have the updates from good content here on Steemit. Cheers!
Kindly upvote my comments for upvotes
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I like that you are making alternate pathway awareness, but I don't see the volume support for the H&S top.
Yes I commented the same thing a few days ago when he first brought up the possibility. No volume whatsoever.
We're on the same page, and it's breaching resistance now.