Bitcoin (BTC) Update: Primary Count Still Says Lower Low Likely
![](https://steemitimages.com/640x0/https://steemitimages.com/DQmbHi7XWiw3s6tottAkr4qqantrsxCZSew5iiMLSQU7XQc/image.png)
SUMMARY
NOTE: Only video and no summary today. Very busy.
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
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
![](https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif)
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
![](https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif)
Heading for a $6k bottom and then a bounce...no chart necessary.
In order for BTC to rise again, it's going to need to innovate. I see no real innovation in it's future.
@haejin. Great info. IMO trading is harder than investing. If people don't have the stomach to ride the ups and downs of cryptos, better just invest on a regular basis, cash out the principle when get a chance and let the rest ride.
The more we comment the more voting power it takes away from them to downvote us, the more we support each other with upvotes, the less power they have over us. Stay strong and keep supporting each other.
...also remember to report spam (including comment spam like bernie and his bots are using, to @steemcleaners ).
Hello everyone.Hope everyone doing well.Sorry sir @haejin for posting on your blog.
It's very disappointing that some people are posting my links in other's blog. Please avoid it and if you are not satisfied unfollow me.
I have no idea about conflict between Haejin and Berniesanders and i don't want to take sides.
I respect both of them just like I respect other steemians!
I am here to provide solutions not problems!
I am not forcing anyone to follow me!
Secondly I am analyst and my request for all steemit members do not blame analyst @haejin for analysis.WE are all human beings make mistakes.
Any analyst wrong at some point doesn’t matter. But main mission all steemit members respect love each other with making some profits in cryptos!
Request from @asiahajranajma Please don't bring me in your personal grudges against anyone. Whoever @asiahajranajma you are I don't know! @asiahajranajma please don't post my links. Otherwise please avoid my blog.
Please @asiahajranajma upvote this comment so i understand you will never mention me again.
Please don't blame me without any proof!
love you all steem members.
Thanks
OK, You have gained back my respect now.
His name...was Daniel Paulson.
I esprcially like your long term outlook. That we should be aware it could be wave A we have seen so far. I hadn’t realized this fact yet at all, but it could fit in the fact that it has taken time to get this high, the correction therefore isn’t over yet. People need more time to get to a buy in. I believe that fact, I see people doubting, they want to, but are afraid. I think they need more time to buy in.
@haejin The RSI is currently in new lows. If the weekly candle close at current value it will surpass the 14 week RSI support at 53. The 5th leg that u mention could well be at the 50 weeks EMA, which next week will be 6700. Now my concern is this chart looks astonishingly similar to the typical bubble bursting chart that i got from google image.
A Bubble moves in an impulse, but an impulse doesn't imply a bubble. Make sense?
You can rest easy, as that bubble chart isn't even close. Compare the dot com bubble with cryptos and it's not even the same ballpark. Could crypto bubble some day? Sure, it's a possibility. But one must zoom out and consider all the factors... we aren't even close to a bubble yet.
Very good information. RSI though is not oversold until it's below 30, so it has a lot of room and this would support the a trend toward your 6700 target. The overlay to the typical bubble bursting chart is freaky similar. Thanks for sharing.
Thank you Haejin. You have the best TA out there.
Once again, great work @Haejin. Yesterday I was counting what looked like impulse waves (motive), but then they started to fall apart and break the rules of Elliott Waves. OK, then, now the information has changed, so I had to adjust my approach. That awareness-- of how to adjust, mentally-- has been invaluable, so I really appreciate the work you're doing. Corrective waves are very difficult to track, and since nothing has been clear-cut for me, I've been holding. Need to keep learning, so I don't lose so much value at the end of the next bullish cycle and next round of major corrective waves.
hi @haejin thanks for the great info! can you share the name of the software you use for analysis in your videos?
Wow, nice analysis @haejin . A huge overall "ABC" would be stupendous! I would love some 3k BTC :)
Screengrab: