Bitcoin (BTC) Update: Primary Count Still Says Lower Low Likely

in bitcoin •  8 months ago

SUMMARY

NOTE: Only video and no summary today. Very busy.

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You have my permission to use my drawing (above) for every response from that psycho.

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You have some serious psychological disorders. You need a shrink ASAP. Why don't you grow up and get a life...while seeing a shrink of course.

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You are a coward. You hide behind a keyboard using a fake name attempting to bully an individual who is adding real value to the community. You had better hope your identity is never revealed.

In order for BTC to rise again, it's going to need to innovate. I see no real innovation in it's future.

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I charted BTC down to $6000 over the next week.

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Really!?! Thats insane!!!!!

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Maybe as low as $3000

@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.

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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 ).

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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.
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Thanks

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OK, You have gained back my respect now.

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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.

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BUBBLE.jpg
@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.

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A Bubble moves in an impulse, but an impulse doesn't imply a bubble. Make sense?

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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.

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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.

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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.

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hi @haejin thanks for the great info! can you share the name of the software you use for analysis in your videos?

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@berniesanders @rewardpoolrape @ozchartart Dooood...my links support your cause. Why would you downvote me? You are insane. I'm trying to promote some good content that contradicts him. You want this to get out there. You should be upvoting me. Not downvoting me.

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Because he is a troll and a censor. He's lost the thread - if he ever had it.

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@Berniesanders Lower than snake shit.

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genuis...lol As i said today, last Jan Bitcoin was at $780 (imagine) and it rose to 20k, thats 25x. Even if it falls to $5000, 25x that is $125,000 Thats alot of cake.

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Good one :-)
But a huuuge bull is coming ... slowly, but he is coming ;-)

So basically what Haejin is saying is that anything is possible! Great advice. I will stick with my true master, Masterluc.

Thanks

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You know what's funny is that i've watched many well known and very good TA's online call a bottom this time and the last time...and they've been REKT...nobody truly knows..all we can do is keep some powder dry, look for some EW and TA signs for capitulation and ladder ...hope everyone is doing well

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Yes, the value of having cash to buy the corrections is very empowering.

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That's the game of TA innit.

Great work haejin. You give us hope. The reality once the market cap explodes to the trillion dollar mark we will all be laughing. Alts will move up. Privacy coins are going to explode because of regulations rising. Lots of new money all trying to get into the market at the same time hence causing exchanges to crash as they dont have the infastructure to handle the influx. The correction caused by the whales and new money panic , the whales shaking out all the weak hands. 2018 will be a good year once btc stabilises and finds the bottom.

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@Berniesanders Lower than snake shit.

Don't let the trolls get to you man. I look forward to your BTC analysis every day. For every 1 loud troll there are 10 silent supporters of you . Keep up the valuable work!

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DITTO!

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Haejin you're a beast. I'm extremely new to cryptos but you have taught me a lot. Not just through your video but through the mediums you suggest. Glad you can push aside the ignorant hate and trolls. Please keep it up for the future me's. MANY thank yous from myself and my two siblings!

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SO, IT CAN BE GOING UP, BUT ALSO IT CAN BE GOING DOWN. IS THAT WHAT YOU SAYING?????????????????Why Are You Doing This?

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If that’s how you understand it, you’ve missed it.

Why all the hate towards Haejin? He’s just a regular human like all of us but all you hateful people hide behind your screens and think it’s okay to show hate towards someone you’ve never even met. You’re cowards and you’re envious and you’d rather try and take Haejin down than focus on working on yourself. Stay strong @haejin we know it’s frustrating but there’s a reason why you get so much hate and that’s because you do so much good for everyone who supports you.

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This is not TA but more FA view. Interesting that correction is nearing $5000 which is the current approximate mining equilibrium price of btc per this article. https://www.marketwatch.com/story/blame-bitcoins-crash-on-these-sharp-new-players-2018-01-29

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Haejin, please capture your video with more frames per second.
Now it look like you are capturing maybe only 2FPS and it is very difficult to undersatnd your mouse mouvement and what you aer pointing to.
Thanks anyway for your hard work.

PS : and please also keep video on Youtube because even with Chrome Dtube is unusuable here. Most of the time it is buffering.

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incredible! I have some votes :D

@haejin anychance you would consider sheding some light on the ETHBTC cross please?

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This is starting to feel like one of those hurry up and wait corrections :/

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It is a fact that Bitcoin will be around the same level for some time. But you do not need to worry, I think. At some point, it will be even at a higher place it was before. So, one thing to say: HODL! :)

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I'm not afraid. Many thanks to you. Very helpful. Cheer up!

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Really nice comparison!!

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For the mouse problem, try a different browser, and if the problem solves, then u can try to clear the cache of the browser u are using, the complete cache, including cookies etc

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Great!! Read as always!! Definitely going to have to buy when it's at it's lowest and hold until it's the right time😊

#i upvoted
#go Upvote back💕

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FYI, not necessarily to the person I'm responding to: if you've installed the browser plugin AdBlockPlus (or similar), and there's an annoying animation which is distracting your ability to read elsewhere: right-click the annoyance, "Block Element" (or similar); verify it looks correct and then "Add" (or submit, or whatever other plugins use), and then the flickering distraction disappears and you can breathe again.

SERENITY NOW!!! :)

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Are applying you don't want GIFS on your page? If so, that's all you had to say... But being the nonignorant person I am I would GLADLY delete the gifs.

SERENITY NOW😊

C'mon @haejin ! It's going to 6k and it's going to 30k... That much is obvious. I mean.... right?

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Deal with yourself or leave this market. Blind followers = dumb money.

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Well said, it's embarrassing for these people isn't it Sukovsky...

All cryptocurrencies rise and drop at some point. Its just about waiting for the right time to invest. Thanks for the video information

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And being able to recognize the patterns to better understand the possibilities/probabilities is what @haejin teaches us!!
THAT is what @haejin does. Others do it too. Like it or not...life goes on.
Thank you @haejin !! Much appreciated as always.

I guess this addresses the nagging question I've had in the back of my mind for the last week or so watching a H&S formation develop in the overall crypto market cap. Haejin - thanks as always. Awareness keeps the panic away.

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Loading...

You have been saying that we need a lower low but yesterday you said that correction is done... I mean seriously, every day, you predict something else.

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In haejin defense he never said it was done, he said it could be done, going over every possibility every video would take too long, you need to watch everyday and make up your own mind to what you think is going to happen.

As Haejin says on many occasion he is not a crystal ball...lol Technical analysis simply shows many ways it could work... its all about possibilities which leads to awareness.

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I had NOT called the bottom.

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Yesterday he said it may be done. It was an alternate count (although he could have made that much clearer).

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@danpaulson. Nobody has to clarify anything for you. If you are not clear enough, that's your own doing. If you want to understand in depth, my suggestion is that you read haejin's comment (or anyone else you follow) over and over again to digest it. Ultimately, you need to make your own conclusion from Haejin's info.

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read the fine lines, he did place some conditions there that BTC have to breach certain points to prove that the correction is done.

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@adambenko. That's how it goes in trading, the chart changes all the time. If you have a better way, present it!

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You need to learn how to interpret TA better, there are never certainties only possibilities and probabilities, yesterday because of the price movement an impulse was probable; it didn't pan out so now there's less probability - and that count has been moved to a back burner until it's invalidated. Once you realize this process you'll stop making silly comments.

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Then what the hell is the value if it’s wrong more than 50% of the time

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One can be wrong more than half the time and still make money.

Example: set stops at 20% up, and 10% down.

If you're wrong 60% of the time:

Wins: 40% x 20% profit = 800 (unit is "%%")
Losses: 60% x 10% loss = 600 (same unit)

Thus, being wrong 60% of the time can still be profitable.

As mentioned in your former BTC post, isnt it the following count? Bitcoin trend.jpg

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no it is not. that is an ending diagonal. his count it's a leading diagonal.

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ok. I do not know what an ending diagonal is. I thought the first wave down should hit the triangle on the top side. In Haejins count it does not, should it touch the triangle? Thanks

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it is not needed to touch the top resistence line for the prie to drop