Bitcoin (BTC) Morning Update: Remember the THREE RULES!!
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SUMMARY
Overnight, Bitcoin (BTC) breached the downward pointing symmetrical triangl to the upside. My primary count still is targeting teh $23k price as shown by the purple miniscule subwaves. There are other alternates of which I am fully aware of but have not presented in this blog because often it leads to confusion and indecision to Elliott Wave newbies. I also review the three rules for Elliott Waves in the video as the didactice component.
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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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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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.**
I think I'm going to start staying up all night and watch it. Sleep is overrated!
Wrong.
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nice
What do you think about this analysis?
You have a rich imagination and a talent for drawing in elementary school terms.
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That's the level of IQ you @Haejin followers have. In order for me to communicate properly to you dimwits I need to show you things at your levels.
It should be interesting to see where we go next.
Buying Bitcoin is a big fuck you to the central banks and Peter Schiff !
Thanks @haejin! I have been thinking... what is the ideal number of coins to have in a portfolio? Atm I have ~15 coins. I think it's a maximum number of coins I want to hold. Should I shrink my number of coins in a portfolio to around 5-7 and pick up the best coins I see most profitable in a long term hold, ~1 year?
I will say you should have a number of strong coins (many would say 5 to 10 ) - but You should have a plan for when to get out -- what multiple of profit you're wanting (And Have it written down), so that your emotions won't interfere later down the road.
Perhaps do up a spreadsheet, with all the #altcoins you own listed down. And put down the PRICE you'd be happy selling at. (it can be a Range - this is probably best, so that IF u miss the exact price pt you can still be able to sell & lock in profit )
GOOD LUCK
Thx for the advice!
By the way, I wrote a spreadsheet template the other day, to help me save time while updating it. If you're trading on something other than Binance, you may need to make some changes. Enjoy!
https://steemit.com/bitcoin/@libertyteeth/this-looks-important-i-created-a-trading-spreadsheet-my-gift-to-steemit-traders-it-s-geared-towards-trading-on-binance-a-little
blockfolio is useful for tracking profits
I agree, it works wonder !
I just joined steemit so I could give you the upvotes. Have been finding your information extremely helpful. Has stopped my panic selling quite a few times the last few weeks.
Welcome aboard! I too have found his advice to turn my strategy around completely, and start making profitable trades.
Used to sell when things dipped, and buy more when they topped. Recipe for disaster. Now my hands are strong when it's falling. He showed me Coinigy the other day, nice site supporting lots of exchanges and lots of coins. I've configured it so it saves my scribbles on a per-coin basis, so every time I go back to IOTA it shows me the triangle I drew -- which it broke out of earlier today. Good luck to you!
Thanks @libertyteeth. IOTA was what got me into the cryptoworld. I use tradingview for charts, and most of my coins are following my predictions I made thanks to what I am learning from the posts/videos from @haejin. Corrections are difficult, but the impulses up are doing well following the 3 rules!
Thank you! I wish you MASSIVE profits!!
@Haejin, it really is a wedgie for some..don't worry :)
"Wedgie" lol.. who knows what a wedgie is?
From unfortunate experience... :/
:)
thank you, upvoted, follow and resteem !
i am hoping that your analysis are always very true and it will be like good bright future
Rules? «There is only one rule here in Switzerland: always have a lot of money»
Have the biggest bag the 1 rule too rule them all
https://steemit.com/bitcoin/@poias/bitcoins-s-strange-block-7438-and-the-185-billion-possible-payoff-steemit-investigative-report-pt-1
Thanks for posting. what happens after wave 5 hits 52c? Small retracement for new wave pattern?
Still learning, thankyou.
p.s. that's conservative for wave 5 top right? Could be closer to 58 cents?
Thanks for the graph.
@kitkat16 my pleasure :)
yes it should dip I believe after the 5th wave
and yes this is slightly conservative, but I like doing that just a tad bit. I ladder in and out anyways.
Really appreciate it!