Bitcoin (BTC) Morning Update: Follow the Trend and It'll be Your Friend!
SUMMARY
Beautiful carry through of Bitcoin prices during overnight price action! When you have the trend on your side, its your friend. Many sell out of panic at the slightest correction but if they were aware of how to find the trend, they would not be kicking themselves everytime price resumes higher than their sell prices.
The below chart shows a nice confirmation of the ascending right triangle and so higher highs expected. Once circled blue wave 1 corrects to circled blue wave 2, it'll be newer, higher, all time highs!
Talking about trend, I want to re-emphasize the Agressive ETF portfolio as it is exactly designed to find the trend, keep you in the trend and take you out once the trend changes. Please, give this another consideration for funds outside of cryptos! You can start with as little as $500 and add $50 or $100 per month to it. This is how wealth is built. For those who are very young in their 20s, this is a gem!
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
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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:
BTS Wallet - haejin1970
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
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.**
This ETF looks very promising what is the symbol of this ETF ?
It's a Haejin special and involves shifting funds around depending on highest yields and trends. More info at this previous post:
https://steemit.com/bitcoin/@haejin/would-you-like-to-beat-every-hedge-fund-manager-s-performance-here-is-a-method-on-how-the-secret-sauce
Thanks again Haejin! Curious about a LTC update. Thanks for all u do!
That would be great, would love a LTC update as well please! Thanks for all your charts Haejin, I'm just getting into them now. I've not looked into Elliot Waves before but seem very interesting!
if we check every week and have to go in and out of different ETF's the fee's would be a killer unless you have a certain position size right?
Hi @haejin, please could you comment on the above, I am too also very curious about this.
Thanks!
@haejin - I'm all set up for the ETF. Could you comment on Broker fees please. For instance in the UK it will probably cost about $15 per trade. Currency conversion and trading n a US ETF etc - So, if we check every week and have to go in and out of different ETF's the fee's would be a killer unless you have a certain position size right? I imagine and hope there won't too many changes but to start with $500 might not be workable. I'm going to start with £2000 - Do you think this will be ok? Thanks for everything :)
I think this is a good strategy for american investors only... imo.
I've opened a ISA trading account so it'll be tax free up to 20k for this TAX year
Just when you thought BTC was done hitting all time highs...
Yeah, but it turned out theres no limit for bitcoin. Goes higher and higher
Follow the Sheep and get Slaughtered , erm I'm smarter than that thank heavens
https://steemit.com/bitcoin/@nasirjones007/bitcoin-price-technical-analysis-upwards-to-9111