Bitcoin (BTC) Evening Update: Short Term Target is $12,112 to $12,306

in bitcoin •  9 months ago

SUMMARY

Price has risen nicely out of the third consecutive wedge pattern. Just earlier, a higher high had been logged. The white waves show a probable impulse as subwaves to the blue 3. This coud occur overnight but to travel to $12,112 as shown below will likely take a few days.

Let's not lose sight of the longer degree of trend. The Inverted H&S (IHS) is complete and likely to be confirmed with overnight price action. The white waves outline a target towards $12,306 for wave 3 and $13,157 for wave 5. The larger target remains $17,655 and the higher degree of trend Elliott Waves to reach there will be reviewed in the coming days.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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?

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Go up go up bitcoin.
I have all my little investments in bitcoin and waiting for months to see it again crossing 15k

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#Haejin "I'll do my best. My bandwidth is about 10 requests per day."

#Steemit Translation: I'll do my best. I can only get paid for 10 self upvotes per day.


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I am the true cryptogod!

My TA will bring you all riches. Fuck this imposter, I am the true leader.

Haejin sucks, so follow haejinsucks!

Everyone go look at my firecoin projections here

Increase from $1.76 to $2.27


Your mother was a hamster, and your father smelled of ELDEEEERRRRRR BERRRRIEEEEEEESSSSSSS!!!!!

I think we should predict long many experts are of the view it will touch $100000/-. I am waiting for that day

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$17,650 seems to be in sight... let's see if we can touch it by the end of March.

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bitcoin hit 12000$ till july

cool...I've been following you on twitter too!
Hope to see it get back up there soon!

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this great information I appreciate your bitcoins thanks for sharing this crytocurrency news..

Great update! thank you

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This thing is a frigen beast

Hello Haejin could we please get an update on APPC?
Not sure what kind of correction pattern it's in at the moment. Perhaps creating cup and handle and about to create right side of the cup upon breaking out of this current wedge?
It has reached a certified all time low by approx 800 satoshis...so does this invalidate wave 1?
Would love to hear your thoughts please!

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I want To See Btc At 17 because I m in lose when btc go 17 then my loss will recover ...
I want one good upvote from heijen..
Can u plz upvote my Comment
.....

@haejin i have always believed you in with your analystical breakdown right from the day i start following your analysis and am very sure with what you just brought out,there might be a push up in the value of bitcoin soon because other great analyst i have seek too actually recommend same likewise you,so we all bitcoin investors,stick to your safety belt as bitcoin is about to go mooning...thanks for this graphical info

I need to learn about these lines and waves. Thank you for the links. Upvoted you and following.

Is there an upper resistance line? I believe it will get tough around the 13.3k mark again before breaking more bullishly @haejin

Bitcoin is... Top Asset! Great post! Time to buy!

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Dear Haejin , I know that the error of recognition is always forgiven, but not so that you can sell your face anonymously at the price of altruism. The way you try to update patches continuously for hours is to pay a lot of attention to the many people in the community. I have been wrong and feel ashamed of it. And now I understand why you hide your face.
If you are trying to contribute for community purposes, just stop.

For me the next key resistance is the previous high at $11,800
right now we have not lost the uptrend patter on the hourly chart so will need a convicing break of the 11550 mark before we can go up.

Hmm great helpfull

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I am really hoping BTC hits it’s target levels. The level we are in right now is such a important price point that could set the stage for the next month

Users, please, flag the uneducated trolls, they are ruining this platform with spam. To do it, press the flag symbol at the right side of their name, then "Flag" ha.png

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Team @ranchorelaxo thanks you for your service!

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Good news. Thank you for sharing such wonderful news.

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A real investor to me is like a crocodile, they survived since dinosaurs age, the reason why is because they have diverse defense mechanism: tail, thick skin, razor teeth, powerful jaw and water. They also have patience to wait till the herd will gather to the water, because the crocodile knew the herd needs water for their basic needs. Hence, Invest for long term, diversified, have patience, and invest to a token that is a basic needs to all application.

Now I wonder how interesting bitcoin price will turns out to be! As i have only some altcoins I hope bitcoin price goes up and goes up! So that altcoins also go up to moon 😊

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Thanks for all the info. Much appreciated

Go up and up bitcoin. I have very dream on you.

My little investment on bitcoin is for my children.

Thanks you bitcoin.

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Bitcoin will go up above $13000 very soon
Because after a gap king is back.......
just joking ha ha ha........

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Up above the world so high, like a dimaond in the sky.

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It will be followed by almost all of alternative coins, the time for taking profit will come too.

Hi, your post has been very nice. I am ready to vote and comment on all of them and hope you vote and comment.My steem id link https://steemit.com/@zarzish

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If your going to dominate the cryptocurrency feed at least talk about XEM!

As Nem is going to moon soon as it is going to be used as the underlying platform for Venezuela's PTR (Petro cryptocurrency).

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Amazing information

I feel bad for your comment section recently, man, that gave me a slight headache! Anyway... my ultraslim wallet is liking the trend.

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Congratulations @haejin, this post is the third most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 45 and the total pending payments to posts in these categories was $3341.98. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

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Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 224.65 SBD, based on the pending payout at the time the data was extracted.

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Thx. Resteem.

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Nice post
I like your all post

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Haydi bakalım pezevenk hejin.

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is their cahnase to go down again .....can u clerify

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