Bitcoin (BTC) Morning: Short Term Target Could Exceed $8,100
SUMMARY
NOTE: An Exciting Announcement will be coming out in a few weeks from @haejin! Stay tuned so as to NOT miss it!
Bitcoin (BTC) needs to put in two full rounds of an impulse rise to confirm a trend reversal. The below chart represents the first round and IF correct, $8k should be exceeded. The 5th wave completion would trigger a correction following which the second round of impulse should take place.
The ABCDE waves are in progress with C and D remaining in the below chart. The short term fits well into this pattern. The wave D would require an abc (red) and that could poentially be in progress right now.
I don't think the blue wave W bottom is likely because the MACD is so well entrapped within the contracting lines and so does not have the mobility to enable a 50% drop in price. The above ABCDE chart also fits well into the white W bottom pathway. More details in the video.
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Volatility is mounting, it is going to explode soon.
Hey @haejin, what do you think of the following chart for Bitcoin? I think we might double bottom off the $6000 mark set on February 4th/5th?!!
BTC 3April2018.JPG
Either way, descending wedge is bullish long term...
Try lowering the bottom trend line to connect the prior low bottoms. That should give something like this:
It doesn't descend as much but the many wedges within it is very bullish.
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https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
Thank you Sir! With the current breakout in XVG/BTC and a higher position for BTC I blew it!! Yesterday I thought I would sell my XVG because I thought we hit the top of a micro 5 at 753. I didn't see the turn around and instead everything went up. Slapping myself for not just sticking it out and forgoing short term gains. I know you just posted on XVG/BTC for me but XVG seems like its on fire and I really want to buy back in. Based on your teaching I don't want to race back in so any help on this one would be appreciated. Lesson learned!
After reading your post and seeing @Haejin's chart, I went to Binance and sold all my position at .00001005. My basis was 0.6 BTC and net sale 1.44 BTC, all accumulated since February. Now I'll wait to see how to get back in, his chart if correct would be very opportune. Great charts @Haejin. I am going to purchase some Steem SBD so I can contribute here. What a master technician. Be sure to downvote flag the trolls here.
My attention is torn between steem ,sbd ,xvg,tron ,vtc, emc2,nxt,bts, cvc and dgb .With limited funds I need place it carefully . Sbd is really hot right know but xvg is also boiling .Phuhh tough choice. Nice tp ee that you made a profitable trade.
Good job! I jumped the gun but hoping for a drop down to 500-700 range. I laddered up in that range. I don't want to miss out because we are going to hit 2000+ sats on XVG.
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Eh! What could that be!?
I am all Ears @haejin. Hands crossed. Very excited.
WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW @Haejin & @StarJuno now. Do not UPVOTE or TRANSFER any FUNDS to these accounts. Any money you send to this criminal organisation can be traced back to you.
https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW @Haejin & @StarJuno now. Do not UPVOTE or TRANSFER any FUNDS to these accounts. Any money you send to this criminal organisation can be traced back to you.
IT'S A BEAR MARKET, BTC IS NOT GOING UP. NOT NOW...
as always very informative but what do think bull run or same again
I really like bitcoin.
I really like tight pussy
Good analysis, thank you. Come to my blog and check out my opinion either.
https://steemit.com/bitcoin/@goyapro/bitcoin-btc-update-a-clear-elliott-wave-started-a-target-price-and-price-path-in-the-short-term-medium-term-view
Multiple charts give a great idea of what to be prepared for, thank you. I saw on Twitter where satoshi_guru looks at a further retracement. It looks volume is a key factor.
Steem, Power Ledger and Storj all had a rally!
What's next?