Bitcoin (BTC) Evening Update: Three Rules to Count By....Find Out in This Blog!!
)
SUMMARY
This video was made very instructive and didactive, please consider viewing it.
The chart below shows that Bitcoin (BTC) has been carving out an a,b,c correction. A FLAT correction, to be specific. This flat consists of 3,3,5 subwaves. As drawn out, the 3,3,5 subwaves are labeled onto the prices. The video has tons more details.
The below chart shows the an impulse towards $23,000 but this impulse must obey three rules: First, wave 2 can't be equal to or below the start of wave 1. Second, wave 4 can't overlap with the top of wave 1. Three, wave three can't be the shortest amongst 1,3,5 waves. It doesn't say the it has to be the longest; thought, it often is the extended one. For cryptos, the fifth wave is the extended wave on a daily scale. These three rules need to be memorized and practiced.
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?
Follow me on Twitter for Real Time Alerts!!
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
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.**
EOS
Ah yes, but will you sell or will you hold through the token freeze next June?
I'm trying to ignore news and fundamentals, and control emotional attachment to coins, but I just love EOS.
I agree with that but if you hold your EOS through the freeze and haven't registered an EOS Key with your ETH address you will end up empty handed.
That's a great question.
I might sell a couple of days before that.
Master @haejin is way to kind with his time
I have more than doubled the value of my portfolio since carefully watching @haejin.
Thank you very much for your wisdom sir.
Expect a call from the guys at @badcrypto podcast/
I have made multiple request to them to get in touch with you to do an interview. @Libertyteeth has had nothing but glowing accolades about your advice. I must also agree.
I would LOVE to hear you on that show.
That would be really great. We could take 6K followers for @haejin for new year.
People tend to rush. I'm quite sure a majority of them don't even watch video. Chart + text is enough. It's quick and simple check "should I be worried or not".
And it's not them being disrespectful. It's just how browsing looks. Attention span is extremely short.
Gif with "Upvote Follow Resteem" is nice, but nowadays we all have banner blindness.
I think You should put it in plain text: (1) right after title "Summary" and (2) always right after analysis, but before video or chart image. Make it more unavoidable.
Clear 1-2 short sentences, no additional title, just something like "Please Upvote if You find this analysis helpful. It's really important for me."
And change this sentence slightly every two weeks or so. Changing first words is important.
You may think it's too much. It's not. Your followers won't mind (I surely won't). It won't be super effective, but from my experience, it will work nicely as a supplement to methods You're using now.
Cheers
In Luke 17 about a time that Jesus gave an amazing gift to ten men. And while all ten of them may have been happy that they received a gift, only one of them chose to show his thankfulness to Jesus. Some things never change. I thank you for sharing your talent and time.
They were all drunk because Jesus had turned too much wine into water, and too much wine doesn't become the human being
"because Jesus had turned too much wine into water"
Well I think you're the one who were too much drunk writing this post.
They were sick with leprosy, they were outcast of society, they could not work to buy the wine, besides there is nothing wrong in consuming wine with moderation, of course.
TY for sharing Haejin "I See Triangles" everywhere ♨
Seriously though it seems best to play out alt patterns ie: playing chess?
Neo
nice pull
@haejin Nothing but respect to you for your scientific approach to the matter! Upvoted and Resteemed!
Highest Regards
@lordneroo
On your 5 wave red c (5 of 3,3,5) the wave 2 is higher than wave 1, isn’t it breaking the first rule?
I've been listening religiously ever since thanksgiving when I went full crypto. You've given me so much insight and belief. Thank you for all that you do :)
I'm wondering the same. It seems to be breaking rule one. @haejin
ARK
logarithmic target $747
I am believer of ARK but your number doesnt sound right..74.7 though but possible..747 is not