Bitcoin (BTC) Morning Update: ALL Crypto Analysis Changing to BitcoinLive Platform!!

in bitcoin •  9 months ago


Note: Today is the very last day for Bitcoin Morning Update on Steemit because all Crypto Analysis and requests will be moved to the BitcoinLive platform which will launch tomorrow, June 4th!! To Signup for the BitcoinLive limited Founding Membership slots, use this link:


Overnight, Bitcoin (BTC) did a small surge to decisively breach the Neckline of the Inverted H&S pattern. The target for the minimum run for the IHS is still $8,200. However, keep into awareness the upward pointing wedge pattern (blue lines). Price will likely go sideways again for most of the day and if there is one more surge, it will either breach the top blue line and invalidate the wedge pattern or validate and confirm it with a decline.

The bull flag pattern is still in progress. Note how the wedge pattern is now sitting just below the belly of the upper white trend line. So, a decision needs to be made. An upside breakout would provide the pathway to the $8,200 target for IHS. However, a downside could jive well with the MACD progression. What does this mean? The next chart clarifies.

Note how the MACD is at the belly of the upper blue trendline. I believe it could do one more turn down towards the lower blue trendline. This turn in MACD could also mean the $6,700 level or so and IF this occurs, many will whine and panic sell. So, keep this into your awareness because awareness keeps the panic away! The MACD will be that much more proximal to the apex. How would this impact the long term outcome? None.

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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oh no:-(

Good analysis,thanks for the financial advice,we await the launch of Bitcoin live platform tomorrow.Keep up the good work.

I've been following your analysis since last year and I am a bit disappointed that you would turn your back on the Steemit community and go to a private website that costs $800/year to get your analysis...


$800?!?!?!?! Anyone folling Haejin knows to take his TA with a pinch of salt as it is - I give him 6 months on on his new veture and he'll be back on here.


Nah, he'll keep milking Steemit for max profit with his stocks TA and keep the crypto on bitcoin live. Not sure why someone making $1 million+ per year off TA needs to make even more money, but you'd have to ask Haejin about his reasons.

This @haejin guy of your trully great TA guy is gone for good. what will you do whoever was defending him all the time... go and pay $$$$$ for him now.

Looks to me like the current trend is downward. Only news or some kind of event is going to reverse the downward slide.

Many thanks Haejin for all the updates. I really enjoyed reading and learning from you. Unfortunately you don’t offer monthly subscription service, hence I cannot register for Bitcoin live. All the best.


Same here. Signed up for the founding member email list on Bitcoin Live and my mouth dropped when i seen the subscription price come through a few days ago. Not sure what they count as affordable - But $800 ...really!! Plus we are in a tough market and most of my investments are down 50%.


I'm in the same boat. If the markets were moving a little more it'd be easy, but I just can't justify the year's expense right now.

i'm really going to miss these updates. though i may sign up for, i'd like to wait for it to launch. it's a hard sale at $1k with nothing but a couple screen shots....

Learned so much about TA from you now you're the baddest guy on steemit. Gratz haejin!

nice info


Its a shame, you will be missed, I as well as most others will not move over to that payed channel. Also I'm not a big fan of Tone Vays, no offense but BTC maximalists are a cancer to the space imo. GL over there, I cant imagine you make more money on that channel.


Tone Vays decided to not join.


Interesting, probably because he doesn't have the balla to trade.

Posted using Partiko Android

Thanks Haejin for all of your help on this platform, it has been greatly appreciated. Unfortunately I will not be able to follow you to bitcoinlive at this time. Wishing you all the best.

@haejin my friend you will be missed ALOT!
Thank you for all of the work you put in for your steemit community :)

Haejin got really greedy real fast. It’s insane how much wealth stean has brought him and still he wants more and more. All based on TA that was occasionally right in a period where every ‘analyst’ was right, namely the big 2017 rally.


It means milking the cow

We don't want Bitcoin Live we want @haejin and ONLY @haejin !!!

You could have continued providing free crypto-analysis information and garnered a massive audience here on Steemit, reaping tips on every post. But now you're stopping for paid services, big mistake.

Great, don't let the door kick you on the way out! We are all tired of your spammy posts with BTC updates every 2 minutes. Maybe now people providing real content can make some money on here.

Thanks Haejin - I'll miss your daily updates. Best wishes to you, you seem like a good guy.

will miss you

thanks for the information about bitcoin, it is very useful. happy Sunday.

As usuall great post with suitable presentation about coins worth and accurate analysis about it nice information in this post about bitcoin state and good to see bull flag ia progressing

Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d

Nice solid article. Thanks for the info!!

wow great information , this is so analytic . keep up the good work

@haejin, just to say thanks for all the effort you've put into your crypto posts. I’m a latecomer to Steemit but have followed your blog for a while now. I’ve learnt a lot from your analysis and will be sad to see you go. Here’s wishing you all the best for your new venture with Bitcoin Live.

I would post a @Haejin meme to celebrate, but I don't do that anymore. I would like to say good luck with your new platform. Maybe for the last BTC Evening Update I'll have a meme.


thx for everything, you made me discover this world! eternal gratitude for that!

Hi, thank you for contributing to Steemit!

I upvoted and followed you; follow back and we can help each other succeed :)

@Haejin. Thank you for teaching me how to fish my own.

Thank you for everything Haejin! The best of luck with the new platform. You will be missed on Steemit.

nice info thx for sherring gold

Thank you for everything. I learned a lot from your TAs. Best of luck to the project.

Dont be stupid to pay for that shit if there are many guys on Twitter perfoming better than that guys---

TA update EOS?

Thank you for everything you teach me, unfortunately I can not follow you on wish you the best... will miss you a lot... :(

I'm in.

there seems to be a certificate problem with the bitcoin live website, might want the dev to check out it out

$800 is way too much! Good bye Haejin I very much enjoyed your TA. Couldn't you have done Patreon instead?

Thank God...finally!

Thanks for nice post and sharing this post with us and wishing you an great day. Stay blessed

It's great to read your post. You always post a lot better. Thank you for always making such a good post. Let us always come forward and post this way.

Thanks for the opportunity to learn from you. Like many of your followers I can't afford to pay for membership on this new venture of yours. Looks like i'll be learning on my own from here on out.