Bitcoin (BTC) Evening Update: Primary, Secondary and Third Pathways Presented
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SUMMARY
For awareness sake, I present three price pathways. Awareness keeps the panic away and for that reason, these three should allow you the degree fortitude should the primary pathway not manifest.
Below chart is my primary count. Note the bull flat and the a,b,c,d,e markings. Note also the near oversold nature of the MACD (blue circle). Once the bull flag completes, I expect price to put in $23,000 and then $26,440.
This is my first alternate count where there is an a,b,c, and this should take price lower than the red A wave. if so, now biggy, the destination hasn't changed....that being UP!
Here is my Third count, and the small Head & Shoulders could put a little pause to the uptrend. If so, price has minimum price move potential for $14,161 or so. However, this is the least probable for me, but for awareness sake, these pathways coudl keep the panic away!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
can you review ETP please
Yes, I HODL it, too, but I think that it is not yet ready to be reviewed. Wait. 🙏
Yes please review ETP
I had some extra time. This is only my point of view. Your decisions are your own. It could be like this;
Can you draw some patterns ?
I see a list a cup and handle and the triangle
Look at the lower top in the MACD, this is a bearish sign.
Thank you for the technical analysis.
thanks so much @haejin. you're videos are GOLD.
With everyone you've helped.. you're never going to finish your beer lol.
you're the best mentor ever bro.
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STOPAwesome analysis, Mr. Haejin Lee!
Well, the last bitcoin of the 21 Mil won't be released to miners until the year 2,140
Hi @haejin
I read in one of your blogs that btc crash to 120$ once it reaches 30k$. Is that still on or it will still go to new highs before that crash ?
Not exactly any more. Flexibility is key for technical analysis. Yes, a top is coming but not to the same values I had forecasted a while ago the values have changed and as we get closer I'll post
@mkcrypto Do you have a link to that page? I'd like to read it myself :)
Congratulations Haejin on getting to the trending list! You deserve it! Thank you for all that you do for us.
wonderful!
also BCH that was not expected- i was shure it will go down to 1200 and then burst up
and LTC that will shoot up just gathering strenght now
Litecoin is getting rid of all the weak hands, taking profits away away to early, how they are goin gto regret it when it hits $1000 by feb. Peoples greed think they will make more money on the new coins...lol Litecoin is well established, 2018 is its moon, $300 aint even close.
Thank you very much for the time you spend doing TA, explaining, teaching and uploading this valuable information. All the community and everytime more and more followers appreciate your kind and generosity.
I wish you MASSIVE profits!