Bitcoin Gold (BTG) Target $1,503
)
SUMMARY
Bitcoin Gold (BTG) is clearly correcting and it's very healthy to do so! The five waves are resulting in a correction and the a,b,c waves look very three wavish.
So how do you know when an a,b,c correction is complete? Count five waves in the c wave. So, it's almost done!
Check out the MACD! It's oversold, also lending support to the probable outcome that the c wave is nearly complete, if not already!
So, the price pathway could look like this towards $560 or so.
The longer term count shows $1,503 as a target.
Again, the BTG/BTC pair is behind in its price progression! For the shorter term, 0.060 BTC is targeted using Elliott Waves and Chart Pattern Recognition. The Video has tons more details!
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
Just wow for the post
Wow it looks just like BCH, so similar thats crazy!! I mean the charts are identical patterns at least to me.....Wow, Haejin you are so right an explosion is coming in the crytpo world....It will be interesting to see what the news is that brings these explosions in 2018....Cant wait to be a part of it!!! #financialrevolution #wealthredistrubution
It exploded the wrong way:( But I'm sure patience will pay off.
It's pretty clear that soon BTG will reach $1k. It has so much similarities with BitCash and BTC. Let's just wait.
@haejin, how can wave 2 go lower than wave 1??
Technically, you are correct. Different exchanges can have different counts, with the same destination.
If you are not happy, no problem, recount.
It didn't. It's only half of wave 1.
@lwilliams08
I love our updates no matter how far I come on the waves!
@haejin Today is 5.01.2018 and BTG is still 234.9 $. Your prediction failed apparently.
It is still in a correction, his predictions are irrelevant of time. The hurry up and wait syndrom. TA’s are not exact science. It’s a matter of probability. The destination hasn’t changed at the moment just the way corrections play out. There are many more possibilities for corrections than impulses. They are therefore harder to predict. Then again, technical analysis can’t always be right. Haejin is usually quite good in his prediction, as he has experience, but still can be wrong, especially as he has primary and alternative counts. His alternative count was not in this post and could have been a sideways movement or triangle. When time moves on you need to adjust the analysis. He tries to teach us, so we can adjust it for ourselves. Only bitcoin he adjust daily for us, so it’s not failure on his side in my opinion, he can’t give us an update of every coin every day.
"TA’s are not exact science" - you are right. It's just guessing. That's why haejin sucks..
@steem-marketing has voted on behalf of @minnowpond.
If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.
well post thanks for shearing