Bitcoin overnight price action shows yet another flag pattern (Fractal #4) and this is not at all surprising. I believe an a,b,c expanded flat is likely but primary pathway remains same.
.....and if you're into cryptocurrency use Brave instead of Chrome or Firefox. It is so much faster, trust me. It's created by the man who was behind Firefox and Brave is related to the coin Basic Attention Token (BAT)
with the url: https://basicattentiontoken.org/
Download can be found on Brave.com
There's no reason why brave should be faster than chrome, as it's a chrome clone with spices- I use both and haven't found brave to be faster.
Firefox and its clones are slow, this is because the chromium clones keep so much in memory, especially with lots of tabs open - firefox don't. So, faster loads for many tabs with chrome/brave, but more chip power and damn much memory waste. Try opera for a good compromise.
How does this work for evening update? I see 5 waves from bottom, I see we could b on wave 5 of C in the flat Haejin described, but it doesn't seem to have retraced enough for my liking. So I probably did something wrong.
Hmm I just realized B finished higher than the end of 5, ever so slightly. That is not possible correct? Could mean my B wave could be end of 5, which means we are are on wave 5 of A. That sort of makes more sense as we have not even retraced to the .382 yet.
Haejin, please don't use dtube, it doesn't work here, never! I am not into fractals but i think there is a nice fractal on Steem/USD forming, 2nd explosion expected in a few weeks
This guy's counts don't follow the rules of Elliott wave. Within a 3rd impulse wave you should be able to count 5 sub-waves--with the 3rd being the largest. These sub-waves are fractals. Flags are not Elliott fractals.
The sub-waves of this apparent 3rd wave do not appear to be forming 5 waves within the higher degree 3rd. The count already looks invalid.
BTC is following a reversion to the mean down to 8,500-9,000 to hit the 150EMA.
I noticed that too. I am wondering if haejin can keep up his reputation when market is not good like last June and July. BTW, does the 3rd wave rule work in crypto? I think it doesn't necessarily be the largest sometimes.
EW is based on the Fibonacci Ratios and the Fibonacci Ratios are the Ratios of nature. Do you think that with the invention of Bitcoin the National Security Agency of the USA managed to overcome the Law of Nature?
It "cannot be the shortest" is the rule as far as I know - in other words, it it IS the shortest, your count is invalid, try again - that's my take so far. But by saying, "you should be able to count...as the largest" the guy contradicts himself.
Agreed. You don't get flags, caps or any other kind of nonsense in wave 3. A reversion to the mean down to 8,500-9,000 would be the bare minimum. A weekly close below $13282 implies continuation all the way down to the lower $4K. And that is what I put as the BTC target for 2018.
13600, no lower - Haejin may still be at 15k, but I said down to 12k maybe yesterday - still, 13.6k is my best guess. I had been hoping for 8k like Mike Novogratz and all you guys, and dreaming of $4 to finally get my Lambo - but let's face it boys, talking it down on steemit and CNBC for Roger & Ver just may not work out.
Most people hodle along anyways and all the Indian peasants and their Rupees are now excluded from Bitfinex and Binance, so they cannot be made to panic.
For the current leg down you are right, - we are looking to bounce from $13550-13600. But impulse waves don't start by bouncing around. Especially third waves.
Yes, there's a very strong band of support between $11700 and $13860 provided by the Gann's square of 9 daily cycles congestion zone and we will need quite some time and effort to level it off and to eventually break it through. But once it's done there's nothing serious to hold this market all the way down to 233 days WMA currently @ $7700
Last but not least we are not talking tomorrow or next week, we are talking 6-8 months from now.
As expected, we began our move down to the 8,500-9000 area with authority. I suspect we're nearing the end of subwave 1 down, correct up in 2 and then violent 3rd wave down.
All the comments below are excellent. Very astute Elliot technicians!
Excellent point, wave 3 just can't be the shortest, and 5 is sometimes longest. Very good clarification.
Interestingly wave 3 can be short in an ending diagonal, but that is EXTREMELY bearish! However, typically 3rd wave is longest with 5 defined fractal sub-waves. The typical projection for wave 3 is 100% to 161.8% of wave 1. It's an impulse so it explodes, it doesn't dilly dally around like above.
AstonMartin: Yes the 3rd wave rule applies to crypto. Elliott applies to all tradable assets. Crypto, gold, stocks, bonds, forex, real estate, etc. It applies to everything that is traded by human beings because i models human emotion. Emotion drives 90% of price action IMO so as long as humans are trading it, their emotion is driving its price.
Here's the my primary count. Feel free to rip it apart. :)
You have proved to be incredibly accurate with your TA. Maybe you should spend more time studying TA and less time running haegin who actually knows how to do it down.
Well... it's all we have, to compare the past and the typical developments, as in 'history repeats itself as human nature never changes' - and TA, EWs and Gann's and all that jazz try to stylize this and put it into formulas. Rituals.
That's all that can be said.
The entire cortex is a possible-futures-prediction instrument that works better the larger it is, to a degree... but with larger size, a secondary effect sets in.
We can predict the future better than a dog can - but we also refuse to react and stay inert when it gets difficult, where the dog just flees... this because the multiple possible developments make a decision harder.
The pilot whale, with almost twice our cortex volume, playfully dreams and creates its own reality, floating in the ocean... we're in that same box ourselves and I can easily prove it.
Think gods and afterlife, and how the average human will prefer paradise to fickle Elliot Waves any day ;)
You have to remember that @Haejin reports his PRIMARY COUNT on these updates. If you look back a couple of posts he clearly describes alternate possibilities. One of those is pretty negative. It's really up to you to look hat his calls and decide for yourself if the price pathway is following his primary prediction or if another pattern is developing.
Personally I don't like what BTC is up to right now but the BCH/BTC pair abd BCH/USD both look to be at the apex of triangles. But don't follow me, draw a chart
@haejin Through this message I'm making a big big bow before you. The chart you gave it about Verge at this moment is exactly as the path you layed out for it. Although Verge kept us waiting longer than expected I kept waiting for days like a cat for a mouse.....................
Chart by Haejin:
First top: 1300 | Reality: 1300
First down: 1182 | Reality: 1154
............and according to this same chart wave two has a top of 1450 and is forming itself at this moment.
Let's find out what happens!
Respect
what i am thinking ^^. i noticed the M fractal. After every M fractal there was a little correction.
The little correction looks like an a-b-c correction in form of the expanded Flat (3,3,5). Now the direction could be up. Of course there are other probabilities for a deeper c, I think, lets see what will happen. Thnx, i am learning from you @haejin. Have a bullish day my friends.
Master, Haejin, please tell me your opinion on my analysis of Verge!
With the targets of the subwaves of wave 3
1=1608
2=1286
3=2132
4=1809
Final subwave 5 of wave 3 =2455 on VERGE!
note:i don't know how to set the price according to the passing of time
Hot money goes elsewhere, and each cryptocurrency will have its day on the sun, until they are all there or there about. This continues until, in the real world, markets crash, at which point all the institutional money will be needed elsewhere, and all the trivial amounts in crypto get recycled back into "real" money, because there will be a huge need for "real" money.
Maestro you could please keep the updates on youtube as well, the quality of DTUBE videos is much lower than 480p and there are no subtitles,,"excuse me but sometimes I struggle to understand and help with translation
graces
Maestro you could please keep the updates on youtube as well, the quality of DTUBE videos is much lower than 480p and there are no subtitles,,"excuse me but sometimes I struggle to understand and help with translation
graces
A fractal is a way to measure an infinite line in a finite space.. there's always a pattern of ups and downs.. there will be another explosion of bit coin soon ;;;)
So you've finally earned some steem/sbd and you are thinking about sending it to an exchanger like bittrex with huge transactions fee, no need for that we gat you covered @quick-cycle.
Here we change your SBD/STEEM to fiat(naira), BTC and also you can use your earning to pay for utilities. In other to ensure that the activities on the group are safe here are the guidelines for using the group.
Guide on how to convert your sbd/steem to naira
Buyer and Seller agree on a rate/price
Seller sends SBD/STEEM to escrow
Escrow acknowledge receipt of STEEM/SBD
Buyer sends money (currency) to Seller
Sellers acknowledges recieved funds.
Escrow release SBD/STEEM to buyer , buyer acknowledge receipt of Currency from escrow .
Guide on how to used your SBDs/STEEMs to pay for utilities.
As in the above procedure. You will be asked to send your SBDs/STEEMs to a escrow account (@quick-cycle)
2.Choose the services to pay for.
*Electricity bills
*Cable TV
*Internet subscription
*Airtime payment.
The buyers will ask some few questions and if the biller you are to pay for is supported. You payment will be processed in minutes. Meet our buyer for more clarification on using this service.
what are your thoughts on ETH?
Hey Haejin, both videos don't work for me.
That's the dTUBE...I gues not working.
It works for me
Works
Can u look at Sugar Exchange - it is neww and has exploded. I think huge potential on coinExcahnge
Can you explain the rise of Dentacoin ?? Thank you !!!!
working but lagging, and in my phone (android) not working
dTube does not have:
And if we combine all those things then it does not work for some users and is too slow for others.
It sucks do download almost ~400MiB full quality file with 10 minutes of video that on youtube is equal to 1 hour of video.
IMHO dTube is still too far from production ready video service.
Have you setup your Dtube account? It's works for me.
dtube worked for me
Haejin, can you explain the rise of Dentacoin ? Thank you !!!
Video did not work in Firefox for me. Opens in Chrome just fine though (for others who may be having issues).
.....and if you're into cryptocurrency use Brave instead of Chrome or Firefox. It is so much faster, trust me. It's created by the man who was behind Firefox and Brave is related to the coin Basic Attention Token (BAT)
with the url: https://basicattentiontoken.org/
Download can be found on Brave.com
There's no reason why brave should be faster than chrome, as it's a chrome clone with spices- I use both and haven't found brave to be faster.
Firefox and its clones are slow, this is because the chromium clones keep so much in memory, especially with lots of tabs open - firefox don't. So, faster loads for many tabs with chrome/brave, but more chip power and damn much memory waste. Try opera for a good compromise.
Dtube doesn't load but you can download the video from the lower link, and play it on your device
Excellent update news about blockchian, Cryptocurrency and bitcoin trading system. Thanks
can u plz explain something about Swissborg ico?
@haejin thank you so much sir
If you want to view where the Pumps come from - https://discord.gg/YKfwD5J
thank you for great information <3
Good post! Side ways pattern.
haha I'm glad Haejin's trying out Dtube.
@haejin any chance at an evening update?
How does this work for evening update? I see 5 waves from bottom, I see we could b on wave 5 of C in the flat Haejin described, but it doesn't seem to have retraced enough for my liking. So I probably did something wrong.
Hmm I just realized B finished higher than the end of 5, ever so slightly. That is not possible correct? Could mean my B wave could be end of 5, which means we are are on wave 5 of A. That sort of makes more sense as we have not even retraced to the .382 yet.
Feedback? :)
edit redrawn
10k would basically be the last train out to the moon
Hmm a flat bitcoin. Could it be worth moving to ETH or LTC until we see another upwards movement?
https://www.coinigy.com/s/i/5a52f6606ca4f/
My Eth chart for what its worth. May not be ideal time to enter at position. I just regret moving 1/3 of my Eth to BTC a few days ago.
Yes. Very informative work thanks for this type of stuff
Can you write the post too? Can't see the vídeo. Thanks!
This is just awesome...Youtube can suck it....this is way more stable than a few months ago...thanks haejin
That's not saying much:). I couldn't get on a few months ago and can't now either...
Sorry to hear that mors..i can get on just fine and it's fast and smooth
mors...i've gotta retract that statement...now all of a sudden dtube is working like shit...i now see what you are talking about...lol
Thanks for sharing !
Yes. I will follow all your post
Haejin, please don't use dtube, it doesn't work here, never! I am not into fractals but i think there is a nice fractal on Steem/USD forming, 2nd explosion expected in a few weeks
This is scary... I don't want this, lol.
Bitcoin decreased overnight with 6.75 percent , but everything what go down needs to go up
Great Post Keep it up @haejin
Please share your opinion on my BTS chart!
https://steemit.com/bitshares/@xantos/bts-summary-since-new-year
Nice post. Thanks fot sharing, I found your regular analysis/update very valuable to us the steemit community. I upvote you.
If you need further resources check out our page CloudConnect for additional massive profits..
Videos dont work
Hi! Could you cover ICON (ICX) for us @haejin?
Bitcoin has eased off in the past few hours. Hopefully it will explode up as suggested, to the region of $20k!!
Video not working
@originalworks
Could you please do an update on Litecoin?
It all boils down to the lightning network.
What is gonna happen?
This guy's counts don't follow the rules of Elliott wave. Within a 3rd impulse wave you should be able to count 5 sub-waves--with the 3rd being the largest. These sub-waves are fractals. Flags are not Elliott fractals.
The sub-waves of this apparent 3rd wave do not appear to be forming 5 waves within the higher degree 3rd. The count already looks invalid.
BTC is following a reversion to the mean down to 8,500-9,000 to hit the 150EMA.
Larger chart here: https://www.tradingview.com/x/WMJAkpWR/
GLTA
I noticed that too. I am wondering if haejin can keep up his reputation when market is not good like last June and July. BTW, does the 3rd wave rule work in crypto? I think it doesn't necessarily be the largest sometimes.
EW is based on the Fibonacci Ratios and the Fibonacci Ratios are the Ratios of nature. Do you think that with the invention of Bitcoin the National Security Agency of the USA managed to overcome the Law of Nature?
The 3rd wave rule being the longest in cryptos is only sometimes true because like commodities, the fifth wave is often the longest.
It "cannot be the shortest" is the rule as far as I know - in other words, it it IS the shortest, your count is invalid, try again - that's my take so far. But by saying, "you should be able to count...as the largest" the guy contradicts himself.
The rule portion of the 3rd wave is that it must not be the shortest. Not always the longest.
True
Agreed. You don't get flags, caps or any other kind of nonsense in wave 3. A reversion to the mean down to 8,500-9,000 would be the bare minimum. A weekly close below $13282 implies continuation all the way down to the lower $4K. And that is what I put as the BTC target for 2018.
https://www.mql5.com/en/charts/8134910/btcusd-w1-simplefx-ltd
The Capitalist Bear, enough said already, I stoped reading reddit comments, now i guess I have to stop reading comments here also, to not get fooled.
explain
13600, no lower - Haejin may still be at 15k, but I said down to 12k maybe yesterday - still, 13.6k is my best guess. I had been hoping for 8k like Mike Novogratz and all you guys, and dreaming of $4 to finally get my Lambo - but let's face it boys, talking it down on steemit and CNBC for Roger & Ver just may not work out.
Most people hodle along anyways and all the Indian peasants and their Rupees are now excluded from Bitfinex and Binance, so they cannot be made to panic.
For the current leg down you are right, - we are looking to bounce from $13550-13600. But impulse waves don't start by bouncing around. Especially third waves.
Yes, there's a very strong band of support between $11700 and $13860 provided by the Gann's square of 9 daily cycles congestion zone and we will need quite some time and effort to level it off and to eventually break it through. But once it's done there's nothing serious to hold this market all the way down to 233 days WMA currently @ $7700
Last but not least we are not talking tomorrow or next week, we are talking 6-8 months from now.
As expected, we began our move down to the 8,500-9000 area with authority. I suspect we're nearing the end of subwave 1 down, correct up in 2 and then violent 3rd wave down.
All the comments below are excellent. Very astute Elliot technicians!
Excellent point, wave 3 just can't be the shortest, and 5 is sometimes longest. Very good clarification.
Interestingly wave 3 can be short in an ending diagonal, but that is EXTREMELY bearish! However, typically 3rd wave is longest with 5 defined fractal sub-waves. The typical projection for wave 3 is 100% to 161.8% of wave 1. It's an impulse so it explodes, it doesn't dilly dally around like above.
AstonMartin: Yes the 3rd wave rule applies to crypto. Elliott applies to all tradable assets. Crypto, gold, stocks, bonds, forex, real estate, etc. It applies to everything that is traded by human beings because i models human emotion. Emotion drives 90% of price action IMO so as long as humans are trading it, their emotion is driving its price.
Here's the my primary count. Feel free to rip it apart. :)
You have proved to be incredibly accurate with your TA. Maybe you should spend more time studying TA and less time running haegin who actually knows how to do it down.
Here's a thorough EWA by TradingDevil, not sure we can find someone better than this guy.
I don't remember all details of this analysis but he's on the same page as Haejin.
Let's face it, it's all bollox, if it were that easy to use formulas from past charts to make profits, everyone would do it.
Cg
Well... it's all we have, to compare the past and the typical developments, as in 'history repeats itself as human nature never changes' - and TA, EWs and Gann's and all that jazz try to stylize this and put it into formulas. Rituals.
That's all that can be said.
The entire cortex is a possible-futures-prediction instrument that works better the larger it is, to a degree... but with larger size, a secondary effect sets in.
We can predict the future better than a dog can - but we also refuse to react and stay inert when it gets difficult, where the dog just flees... this because the multiple possible developments make a decision harder.
The pilot whale, with almost twice our cortex volume, playfully dreams and creates its own reality, floating in the ocean... we're in that same box ourselves and I can easily prove it.
Think gods and afterlife, and how the average human will prefer paradise to fickle Elliot Waves any day ;)
Hi,
Can you upload chart about LTC\BTC please?
Thanks!
To be honest, what's wrong with YouTube? It is cooler.
Worst review by haejin.
You have to remember that @Haejin reports his PRIMARY COUNT on these updates. If you look back a couple of posts he clearly describes alternate possibilities. One of those is pretty negative. It's really up to you to look hat his calls and decide for yourself if the price pathway is following his primary prediction or if another pattern is developing.
Personally I don't like what BTC is up to right now but the BCH/BTC pair abd BCH/USD both look to be at the apex of triangles. But don't follow me, draw a chart
Watch this video. All he said is bitcoin likes fractal. lol
Well done you, well researched.
Now watch all the others properly.
Oh and the one he just posted referring back to the one I mention above.
Good Morning @haejin and to the Followers in here !
@haejin Through this message I'm making a big big bow before you. The chart you gave it about Verge at this moment is exactly as the path you layed out for it. Although Verge kept us waiting longer than expected I kept waiting for days like a cat for a mouse.....................
Chart by Haejin:
First top: 1300 | Reality: 1300
First down: 1182 | Reality: 1154
............and according to this same chart wave two has a top of 1450 and is forming itself at this moment.
Let's find out what happens!
Respect
Bts and Evx update plz
https://de.tradingview.com/x/dzTyTBRL/
what i am thinking ^^. i noticed the M fractal. After every M fractal there was a little correction.
The little correction looks like an a-b-c correction in form of the expanded Flat (3,3,5). Now the direction could be up. Of course there are other probabilities for a deeper c, I think, lets see what will happen. Thnx, i am learning from you @haejin. Have a bullish day my friends.
Great Job dont stop !! Just do it!!!
Do visit @mariantsvetkov ... Like❤️Follow🏃Comment ✍️me if you like my posts...😀...!
많이 배우고 있습니다.
좋은 분석 항상 고맙습니다!^^/
https://www.tradingview.com/chart/XVGBTC/h7Nwv6Sz-Verge-personal-training-analysis/
Master, Haejin, please tell me your opinion on my analysis of Verge!
With the targets of the subwaves of wave 3
1=1608
2=1286
3=2132
4=1809
Final subwave 5 of wave 3 =2455 on VERGE!
note:i don't know how to set the price according to the passing of time
Please share your opinion on my bts chart !
https://steemit.com/bitshares/@xantos/bts-summary-since-new-year
Hot money goes elsewhere, and each cryptocurrency will have its day on the sun, until they are all there or there about. This continues until, in the real world, markets crash, at which point all the institutional money will be needed elsewhere, and all the trivial amounts in crypto get recycled back into "real" money, because there will be a huge need for "real" money.
Bitcoin is like my life. Even though it might be low right now, I am positive that it will get back up.
Follow us at CloudConnect if you need help diversifying in alt coins that will forshure take you to a whole new level.
all right! I'm starting this, I'll follow you.
oku, get that rame ureung vote, ka sipreuk bacut eeee
I thought you are really professional
thanks for sharing your post , I am going to start following you I hope you will get back follow me ........
Thanks Haejin!
Keep us up to date :D
i think its father of crypto currency lol :D
Switched to a Fiat-Free Exchange! Great Charts and no verification required!
KUCOIN
https://www.kucoin.com/#/?r=21vJH
invation code: 21vJH
Maestro you could please keep the updates on youtube as well, the quality of DTUBE videos is much lower than 480p and there are no subtitles,,"excuse me but sometimes I struggle to understand and help with translation
graces
Maestro you could please keep the updates on youtube as well, the quality of DTUBE videos is much lower than 480p and there are no subtitles,,"excuse me but sometimes I struggle to understand and help with translation
graces
Congratulations @haejin!
Your post was mentioned in the hit parade in the following categories:
.
혜진님, 감사합니다
항상 도움이 많이 되고있습니다
그런데 비디오를 볼수가 없네요. ㅠㅠㅠㅠ
A fractal is a way to measure an infinite line in a finite space.. there's always a pattern of ups and downs.. there will be another explosion of bit coin soon ;;;)
Somthing u guys would love to check out
So you've finally earned some steem/sbd and you are thinking about sending it to an exchanger like bittrex with huge transactions fee, no need for that we gat you covered @quick-cycle.
Here we change your SBD/STEEM to fiat(naira), BTC and also you can use your earning to pay for utilities. In other to ensure that the activities on the group are safe here are the guidelines for using the group.
Guide on how to convert your sbd/steem to naira
Buyer and Seller agree on a rate/price
Seller sends SBD/STEEM to escrow
Escrow acknowledge receipt of STEEM/SBD
Buyer sends money (currency) to Seller
Sellers acknowledges recieved funds.
Escrow release SBD/STEEM to buyer , buyer acknowledge receipt of Currency from escrow .
Guide on how to used your SBDs/STEEMs to pay for utilities.
2.Choose the services to pay for.
*Electricity bills
*Cable TV
*Internet subscription
*Airtime payment.
The buyers will ask some few questions and if the biller you are to pay for is supported. You payment will be processed in minutes. Meet our buyer for more clarification on using this service.
Join telegram
Join WhatsApp
For questions/ suggestion and to become a buyer feel free to meet any of the admin. We are always on sit to attend to your questions.
Have a nice stay here,
From the group admin desk
@powellwoods
Great Post!. Interesting Story. I want more of this. Keep it up
BTC seems quite trapped at the moment
https://steemit.com/cryptocurrency/@racoo/mr-zuckerberg-is-learning-how-cryptocurrency-works-racoo
BTC has been stuck in limbo..
Congratulations @haejin!
Your post was mentioned in the hit parade in the following category:
Just love this... Amazing story ...
Your analysis are the best, good video :D
Interesting.. I would love to see more of this. Great job.
Great post! Very interesting to read
BTC
