STEEM the Chalice of WEALTH!! Updated Analysis: Target $4 by Dec/Jan and $14 later in 2018
SUMMARY
STEEM, or as I call it the Chalice of WEALTH is expected to make MASSIVE profits. The below chart still outlines the cup pattern. The pattern that best fits currently is an a,b,c,d,e consolidation. It's almost, if not already, done! Any moment, I expect STEEM to start impulsing upwards. I am emboldened by STEEM's potential because of Elliott Waves and Chart Patterns. Frustration and length of time have no meaning in such instances. I am a Technical Analyst. I'm projecting $4 by Dec/Jan and much higher to $14 into 2018.
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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:
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
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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 checked your site and I didn't see where to contact you. Are you on discord? We need to talk.
please send a follow request via Twitter. My Twitter ID is: @haejin_crypto
Hmm, I haven't use twitter for more than a year now. I will do as you said but I might not get your reply in time, because I hardly check my twitter account.
Or give me your skype ID and I'll call
I still love that term!
I really hope you are right on this one!! 2018 could be the year I
maybe it's just me but i notice a lot of youtubers now are starting to get into steemit. i think steemit is eventually gonna moon, we just don't know when
The thing is, the price of Steem will only go up when more people are buying than selling. If youtubers get into Steemit, post and sell their Steem it will put downward pressure on Steem not upward. We need their fans to join Steemit and buy Steem!
I think you could be correct. I am hoping for a Steem explosion but wonder if it will actually ever come. The Steemit platform is very sound and will continue to grow, but the steem crypto is very inflationary and I'm now wondering whether it will ever see big prices going forward ?
why do people keep buying GPUs or ASIC to mine coins? to earn a profit and hope the coin rise in value.
this is the same reason why we power up steem coins - we actually "mine" steem coins - but we don't need to buy GPUs or ASICs
If BTC absolutely nosedives as @haejin predicts I don't see how any ALTs will explode ? So if BTC is going to nosedive after the Nov fork, the ALTs better hurry up and put in ATH asap beforehand ? Or am I reading this wrong ?
Sorry I didn’t explain very well. If btc nosedives I expect Alts to nosedive as well and many will not survive. Many will leave the crypto space and it will be seen as a fad by the masses, whilst behind the scenes serious blockchain development will continue.
Cheers grizgal I totally agree with your sentiment. I just can't work out what BTC is going to do after the Nov fork ? I'm currently Out on the sidelines but wondering if I got out way too early and should still be in !
I have been there. you've gotta make the right decision for you. If you need the money and are worried about a crash, its prob best to be in cash. You could manage risk by putting a percentage in btc! No one knows what will happen and its easy to be wise (or regretful) after the event. I think there is a very good chance of a drop after the fork, so you may be able to buy back in at cheaper prices, but you will miss out on the 2x coins! decisions....decisions...
decisions indeed !
which coin do you think will survive as king BTC or Segwit2x ? or do you think BTC will remain king, but segwit2x retain some decent value like BCH ?
I have no crystal ball but I believe it will take a lot to replace btc. Btc has the name of bitcoin, brand recognition, network effect and first mover advantage as well as the backing of approx half the community. But that’s just my thoughts.
If one of them kills the other off relatively easily and remains king all will be fine but if the community truely splits and the value is split (ie both coins worth approx $3k), I think that crypto overall will have lost out. It will put people off looking at crypto as it constantly forks etc and becomes ever more complex.
I know others hold different views but I don’t think any good will come of these constant hard forks.
Steem to the
Moon
Did you know the moon is going to explode eventually as it was once the sun/son sei
Thank You Kindly
How do you put time frames on things?
EW can pick direction and targets but even Elliot himself, if I recall, mentioned that deeming time frames was impossible.
I ask because I have seen others do it claiming to use other techniques...is this what you do?
There is a method based on historical timeframes in indices. There are very expensive programs, which can show you how long a wave 4 is likely to last if wave 2 lasted X hours for example.
I don't know how heajin does it and how accurate it is, but in my opinion time does not matter if you know the directon. Patience matters.
Thanks @ew-and-patterns.
Time does not matter...unless you are using options....then it can matter a bit LOL
But I get your point, if you know where you are and have an idea of where things are going, it is much easier to scale in and hold for the impulse waves.
Cryptos have a syndrome called "Hurry Up and Wait". They rush the impulse Waves and get real slow on the corrections. Knowing this, I try and gauge the time.
Overall, accuracy of count is most important because if it is then direction will be accurate.
Just like BCH, confidence in your count gives you the mental/emotional wherewithal to hold and not sell out of frustration.
Because of you I am toeing into BTS...I have a starter position while doing my research.
Thanks for all of your posting on here...
I wish you MASSIVE profits!
I have a feeling if I have massive profits in it, you will have massive profits and then some.
I am going to surmise you have yourself a tidy sum of BTS.
Yes
Still laddering in
Excellent post! Thank you so much for sharing!! To the moon!!!! Let's connect! Join us, the Earth Nation- https://steemit.com/steemit/@earthnation/the-earth-nation-planetary-alliance-a-decentralized-revolution-bringing-blockchain-to-the-masses-and-a-free-steemit-academy-and
Hi Haejin,
A while back you covered RLC with quite a bit of enthusiasm. It took a beating with the bitcoin bear, I wonder if it's about to make it's move after some LONG consolidation. Thanks!
InDeeD it is as is " EOS thy Chalice of Health"
Great post per usual my friend,
Thank You Kindly
Haha. Would be nice to see an EOS analysis too.
Indeed as my coffee cup is getting close to empty , and shall need a refill soon enough maybe large this time.
Thank you kindly.
Wait a minute ..... I do not drink thy coffee .... I only drink water and dark cocoa on occasion ...... hmmm interesting. I suppose I meant dark cocoa cup.
Thank you kindly.
Steem on my friend
love it