Bitcoin (BTC) Morning Update: Short Term Target $12,809...check out this Analysis and Video!
)
SUMMARY
Overnight price action allowed another smaller correction that could potentially provide some price pathway clarity. The video has lots more details and scope. The below chart shows last night's wave c target at being on the trendline.
https://www.tradingview.com/x/Xu426nkR/
I've updated the Elliott Waves as shown below and now raised the leftmost red wave (c) and labeled an impulse (white waves) which was followed by a regulat zig zag which is complete. So what does this mean as likely next move?
https://www.tradingview.com/x/IAM9xB3k/
I've positioned a price pathway towards $12,809 as shown below. The key move here is to set a higher high and so breaching above the white upper channel would be key.
https://www.tradingview.com/x/2Q0PJgZK/
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?
Follow me on Twitter for Real Time Alerts!!
--
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
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
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.**
Thanks, @haejin. When do you see a correction taking place? This market is behaving unlike I've seen before in crypto land.
@Haejin! Audio isn't as good as usual just to note.
Also - could you please provide us with updates for ETH and LTC? Thanks a lot again!
Hey mazcoin you have Mazacoin????
@tt-dogg I don't buddy - but does look like a fine example of a cup and handle :P
How did you even found this coin. It seems like a leisure project. Good way to have fun. Suicidal as an investment.
Mazacoin was a disaster. Lol
But I had a little.. worst fucking investment ever. Lol the only coin I ever lost money.
Thanks Haejin for the TA. Would you look at EOS, cause your retracement wave i think i took a different path
Eos testnet is supposed to drop today. Expect a spike as long as no bad news comes out. But knowing dan. ...it will be ready.
Bitshares breakout, we had a triangle
Hi Shifu!
What's your take on ETH at the moment? I HODLed my BCH instead of taking my 4-5% profits and finally sold it all few hours ago at a loss for bit of STEEM and mostly NEO (got in under $40)
Considering your previous updates and my fundamental analysis I'm on ETH expecting higher percentage gains compared to BTC. I'd be happy to know your thoughts.
Fractals from yesterday......continued......so much fun to watch them repeat as planned!
@haejin, is this how GRS correction could play out? or do you have it still impulsing?
So still suggesting some up trend....perhaps weakening...no longer $13,000+ short term target so it appears...thanks.
It might be just wave 3 target to get back in to the pipeline?
hey heajin,,your all content absolutely momentus..especially thanks for discuss to bitcoin..