Bitcoin (BTC) Mid-DAY Update: The Ascending Right Triangle Pattern is Still in Play!
SUMMARY
Interesting how price just downdraft declined this morning. Five waves can still be enumerated (purple) and that is the marking for blue wave 1. Blue wave 2 can be in progress in the form of an abc (red) and the retrace of blue 1 by blue 2 could be 0.618 or higher. In order for this count to remain valid, the retrace can't make a lower low.
The bounce yesterday can be seen in the form of this ascending right triangle pattern. IF this bounce continues, the $11,800 could pose as a resistance from which multiple touches will likely be required to breach towards the higher zones.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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
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Essay: Is Technical Analysis a Quantum Event?
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smart people like you brother @haejin, always have interesting reviews to read, you are too humble yourself, but your writing deserve thousands of words praise, @haejin is not an economist, but @haejin can provide solutions, inspiration, in various conspiracies, which is being experienced, in every description in the form of narrative, because he is a stemians who have a high existence ,,,,
Haejin can even make a blog post that isn't GARBAGE!!!
someone will not be considered a telematics expert if he is not able to distinguish vidio and photos, recordings, and sound original and fake, someone also will not be considered the author if he never wrote anything, but everyone will still consider brother @haejin great person with writing that always gives the assumption and his opinion is accurate and accurate.
You can't even hardly watch his videos. The quality is so god damn shitty. I swear he uses a 486 PC to do his work on. He is a piece of shit scammer only here to take YOUR MONEY. If you FLAG HAEJIN , you will make more money on STEEMIT.
Pretty sure the triangle will play out well @haejin.
Bitcoin is up in the light again
It looks so bloody.
It sure does.
Oh! Tibetan prayer flags :)
My view still looks good. glad to see you have a triangle. we should be ok.
For future viewers: price of bitcoin at the moment of posting is 9116.70USD
If you FLAG #HAEJIN you will make more money on STEEMIT.
Join @FlagAWhale if you are tired of him stealing your #Steemit Rewards
@Haejin You do not provide any entertainment. I brought you some.
It did already now go away loser
Downvoted. Disagree with rewards.
Another day, another prediction. I have checked your predictions from last 2 months only like 5% are valid. So if I would invest into it, today I will lost more than 70% based on your predictions. What is the point to do that?
His success rate is no where near what he claims it is, and with the influx of new people into the market in December/January, anyone listening to his TA would be down huge. There was a poster on here that started going through his posts and tracking his success rate this year and it was at -70% at the time.
What kills me is in January when he was preaching everything was fine and all these coins would moon there were dozens of people like myself saying that the market was in a downturn. It was only when it was too late that now he has started to change his tune and stop suggesting ATH and showing more corrections. Yet the people that disagreed with him (and ended up being correct) were flagged to death and insulted yet he made 10's of thousands posting brutal TA. How does that make sense?
It is like people see how much money he is making off this site and how many people are following him so they think he must know what he is talking about. Yet even with 3 updates a day and dozens of alt counts he still gets it wrong. Just because a lot of people follow him it doesn't mean it is good content.
And the earnings are from the same people that upvote before the content can even be viewed in its entirety (ie 20 min video and he is upvoted 2 minutes after posting). How is that not sketchy as hell? And then anyone disagreeing with him instantly gets flagged by the same people. And people wonder why others on this platform and pissed he is raping the reward pool, really?
You have people that document an entire trip, engage with people back and forth helping them plan there own trip, spending hours in discussions back and forth, earning a $2 for their efforts.
And here is Haejin, suggesting Bitconnect (a known scam) earning $350, but couldn't be bothered to spend 5 minutes to do basic research that could have prevented his viewers from losing 95% of their investment. What about RAIN, BERN, and countless other shitcoins that are down huge.
that's why it's good to compare different technical analyst. Haejin seems to not be too far off from the consensus of others, but sometimes it may be a little more optimistic or pessimstic I think maybe because it's motivated by self-interest (e.g. he wants btc to go up because he already bought at the last dip, but instead it went down recently). With that said, Haejin is one of the technical analyst I often check up on for btc movement predictions at the moment.
I agree. I look at as much TA as I can. I know I came off totally against him and that isn't really the case. I just feel there is some shady stuff going on and it is getting more and more apparent. I do appreciate him posting but at the same time, I feel he is hypocritical in his approach because he calls for people to defend him against the bernie sanders of the world, but then has no issue with his people flagging good content that disagrees with his TA.
There should really be a cap on the value of an upvote and they should do away with self voting.
If you FLAG #HAEJIN you will make more money on STEEMIT.
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I too was recently dissapointed in the performance of some of the "shitcoins" that Haejin recommended. No longer will I buy any more shitcoins.
Also I do think we are in a wave 2 correction as haejin outlined, based on my limited knowledge. I studied all of Haejin's elliot wave tutorial videos. They were pretty informative.
Bitcoin price with 2 possible paths
Bullish 10000 and 12500 dollars
Lower low 6000 dollars again
Find out why
I want to use this Steem channel to contribute ideas and debate them among all, but it seems to be only a one-way channel if the ideas and contributions of others are not supported by the votes.
Giving your positive vote costs nothing and helps others grow.
it's possible. that's what happened in the last big correction we had but wave 3 is supposed to have explosive highs.
Sometimes the lack of volume limits you to more possible objectives
On steemit, people on the whole only upvote themselves
Keep publishing and you'll understand
If you FLAG #HAEJIN you will make more money on STEEMIT.
Join @FlagAWhale if you are tired of him stealing your #Steemit Rewards