Bitcoin (BTC) Morning Update: An Alternate Count to Consider with Potential for Wider Implications
SUMMARY
NOTE: I have intentionally NOT included a summary because viewing the video is strongly recommended. It has loads of details that a summary would have just missed. The video does NOT YET represent my primary count, but I'm watching carefully for its completion!
Legal Disclaimer: 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
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
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love your post Haejin, Here is my take :)
crypto ico's and blockchain
volatility is just insane
wallstreets envy millenials pride
blockchain is a must must ride
it questions status quo of all things mumbo jumbo and money
scared governments and finance companies is just so funny
transparency is blockchains voice
just a positive investor and traders vibe
one day crypto-currency will become mainstream
let's keep investing in this real dream !!!
Well, yes, the blochain will likely survive; but we are in a mature phase of mania.
Thank you for all that you do. @haejin I would love to get your feedback from the chart I have made. I am an extreme novice as I've been doing this for about 3 months and been reading the Elliott Wave book recommended just trying to apply and bounce what I've learned, or thought I've learned, from the book. Your feedback would be greatly appreciated and much needed probably:
If this is a flag, then an a,b,c,d,e would be warranted. The e wave would land somewhere around $8,000 or $7,600 or so.
how do you decide what portion of our position to hold and what portion to sell while waiting for the dip. Do you employ a ladder strategy like in your tutorials on the down turn as well?
Maybe laddering would look like something like this?
Any position 'missed' during the laddering would provide for some cash in the portfolio.
So of what I understood, if we aim at let's say 10% cash, that would be the ladder for the most improbable scenario, let's say at 6000.
You would ladder the main % of your portfolio in the most probable position, etc.
Okay, thank you. So one of those scenarios of same destination but a potentially different path. I wish you massive profits and look forward to learning much more in the coming year from you!!!!
thanks so much for the alternate count and explanation. really clears up a lot. especially with the explanation of h&s on overall marketcap. Learning a lot brother! I'll be putting stops on all my positions ready to move to usdt incase drop occurs
Stay long and you willl downvoted by this crap if you speak truth.See my rating he downvoted me because i speak truth.39 TA for bitcoin all failed in last 4 days.EOS and Ethereum TA fail.Steal 2 TA FROM expert @salahuddin2004 . @salahuddin2004 give a buy signal on bitcoin at 10 k and this crap 39 TA. Eos Haejin gave sell signal with target 3. @salahuddin2004 give a buy signal at 9. TrUst this crap and get downvoted when you speak truth about him.
Bitcoin will rise in Feb.... And any news abt bitconnect.co I still working
Please get a seqwit address for btc. Thanks for the info.
Stay long and you willl downvoted by this crap if you speak truth.See my rating he downvoted me because i speak truth.39 TA for bitcoin all failed in last 4 days.EOS and Ethereum TA fail.Steal 2 TA FROM expert @salahuddin2004 . @salahuddin2004 give a buy signal on bitcoin at 10 k and this crap 39 TA. Eos Haejin gave sell signal with target 3. @salahuddin2004 give a buy signal at 9. TrUst this crap and get downvoted when you speak truth about him.
Stay long and you willl downvoted by this crap if you speak truth.See my rating he downvoted me because i speak truth.39 TA for bitcoin all failed in last 4 days.EOS and Ethereum TA fail.Steal 2 TA FROM expert @salahuddin2004 . @salahuddin2004 give a buy signal on bitcoin at 10 k and this crap 39 TA. Eos Haejin gave sell signal with target 3. @salahuddin2004 give a buy signal at 9. TrUst this crap and get downvoted when you speak truth about him.
Thank you as usual!
This is only meant to augment your due diligence...here is a screen grab of a POSSIBLE outcome:
Do you really belive bitcoin will reach 6k?
It all depends on the Elliot Wave count. Watch the video, @haejin believes if there is an impulse to 14k and then a correction impulse right after, then 6100 might be the bottom...
Possibly so...
There are frequently long wicks in crypto. Wouldn't get too nervous. Who the heck even knows for sure if correction is on or off right now.
the thing is when btc price rises it's almost impossible for minnows like us to withdraw our steemit earnings to btc....
last time when the price was up the vat per transaction was 50usd, i mean seriously, we were withdrawing that amount, then how are we supposed to pay vats? so yeah, we started using other currencies
Hm, VAT? Wow.
hmm mmm
My friends still investing in bitconnect.co saying it will come back again is it?
no dont listen to your friend
For God's sake no it's a Ponzi tell them to stop being stupid.
It may come back because there are a lot of stupid people. But I would not bet on it.
They are leaving their money in the old BCC or investing more into it or investing in the new ICO? All options are horrible, but leaving their money in...well it is essentially gone anway, so not much harm there.
IF this is a B wave bounce, farming for cash would be to consider.
@haejin would this indicate signs of a bubble? Considering the size of this correction?
Or are we no where near that yet?
The .com bubble droped 80%. Cryptos correct 80% on a regular basis....
Bitcoin has corrected in the past from 1100$ to 100$. SO.... why the FUD?
This is the crazy world of cryptos. Bubble after bubble after bubble. In WAVES ;)
when BTC went from $1100 to $100 it formed a cup that took 3-4 years....
So when I am asking about another possible drop like that, I am trying to see if I should get out and step to the side in the meantime.
I am not trying to HODL back to $4000 or lower....
no FUD, Im just forward discerning.
Would be interesting to compare with ETH TA.. Hard to find the connecting dots !
I just meant that their bit connect coins essentially hold no value as is, BUT getting anything they can from them for trading a real crypto would be wise. Hard to expect wisdom from bitconnect holders. I still wish them the best!
I wish your friends goodluck.
This is only my opinion, make of it what you wish :) :)
Maybe it is my bias seeing this but is an ABCDE bull flag pattern not also still in play. No one I listen to or follow that does any TA has even mentioned it but I still see it for some reason, maybe its cause I'm not charting properly. I am very much a novice but here is a screenshot of how I've been seeing it.
Also the gold line is the 100 day MA
when lambo
when harambo