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SUMMARY
NOTE: If this blog gets downvoted; @ranchorelaxo has our backs!!
This is JUST a correction; a very HEALTHY correction!
Overnight Bitcoin (BTC) has been working on placing the circled blue wave 2 correction and it seems perhaps not yet complete. The below chart shows that my primary count is still in play and that the Fractal1 & 2 are active.
I also mark the white and blue boxes to designate another set of fractal. Note how the up/down in the white box is being repeated in the blue box. If the way price moved out of the white box is any indication for how the price will move out of the blue box, it would be something to keep an eye on to confirm the bullish side.
Here is yet another set of bull flag fractals. While the there is no proportionate differences between the two, this fractal also lend support to the bullish scenario. Recall that a fractal is a set(s) of patterns that are very similar but not identical and so can be used to delineate future price pathway implications.
Now to my alternate count. I've consistently said that awareness keeps the panic away and today, that hasn't changed. For those who have been following my blog since June or at least 3 months, will clearly understand the need to consistently maintain an alternate count and at times a second or third alternate. Why? Technical Analysis is not a method of certainty but rather a method of probable outcomes. It identifies as many possibilities; narrows them down to a handful of probabilities from which primary and alternates are selected. The below alternate displays an a,b,c Zig Zag (5,3,5) correction. IF so, then the C wave could take price to a lower low of a bit below $10k. Note also the MACD where the white leading indicator has crossed down below the red lagging indicator. I would state that this represents a different pathway but the same destination. One should have 15% of portfolio in cash to always take advantage of these BTFD opportunities. IF there is zero cash at hand available in a portfolio, the emotional distress of a correction becomes difficult to manage. I overall have 20% constant exposure in BTC; 10% in ETH and 5% each in LTC and DASH. The remaining 70% are distributed into 12-15 Alt coins which I deem as having the most % profit potential.
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!!
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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.**
well it's kinda sad how @ranchorelaxo is only supporting one person..
Thanks Haejin. We missed you. Could you please put a post on Verge please. So much of chaos going on there.
@mkcrypto with Verge this is a great post yesterday from my own page......I have had to deal with the same fear......https://steemit.com/poetry/@positivechange10/meditation-thought-12-27-2017
Awesome!
lol gold!
Love the perception matrix!
Bitcoin rises every morning like we all do
Thanks for the update :)
Nice details in your work thank you!
hello haejin
Hello Friends, today my Elliott Wave Principle Book arrived and I found this Picture. Looks like the Chart of BTC! Merry Christmas!
Look that irregular abc correction with the B higher than 5 so cool lol
it's called an expanded flat 😊
nice that you decided to study as well! best of luck to you!!
Mine should be in by Saturday! Can't wait to get studying...
I know you've listed a few in your analysis, but could you give us a brief list of which ones you current hold?
Thanks!
I think everyone would love to see haejin's magic portfolio
Be yourself @haejin. It's all that you can do!I am very glad to see you posting again! :)
Thank you. Can you kindly do XVG and DGB?
Great post
Your pathway is truly statistical.
Your first path here is very much in line with mine at Hitbtc
I agree and hope we are right.
I think Bitcoin is going to continue to slowly deflate until it hits 4 digits at which point it’ll start to stabilize significantly below its previous highs.
May i ask what those 12-15 alt coins are?
I guess Haejin hold positions of following Alt's: Bitshares, EOS, Steem, BitcoinCash, Ripple, OmiseGo, QTUM, Stratis, Cardano, Ark, 0x, ZCash
Am I right Guys?
Few months ago he posted about his top coins. Included, verge, Bcc, whitecoin, steem
Did he really say BitConnect? That would surprise me...
If my memory serves me correct BCC did feature. This was way back in early October. Whether this portfolio has changed or not ..we shall soon hopefully see
I think it was bitcoin cash. Sometimes you see bitcoin cash as bcc which is confusing since Bitconnect is the same
I think it was bch
Definately Bitshares and Verge:) Whitecoin probably also among them.
Haejin is back! Upvoted and Resteemed! Any updates on Verge? It broke down out of the triangles on both BTC and USD pairs.
My BTC Accounts are like this, I think I should do more trades. Sell high and buy low frequently then I can make some profits!
@Haejin Can you please roll out an update on ZClassic (ZCL). I think a lot is happening on this, I can imagine many millionaires made overnight with this. I think the ship as already left the shore but I am still willing to swim the sea and get into this ship. I think eventually it will sink after Bitcoin private is up, any idea about the price of Bitcoin private.
Dgb is killing me...some updates in it please??
Verge and ripple too.
Have all these coin in losses. Except xrp
Stop letting your emotions control you
DGB to 0.00006600 :) Just be patient.
What analysis did you do to get this number? I saw 1700 sat and 4300 sat but 6600 would definitely be sweet.
Sometimes you habe to be patient and hold,I have those coins.
yes, jmosby is correct. I wait patiently for coins to go up. When they move higher, but not as high as Haejin has predicted they will go, I sell half to book profit. Then watch for it to move to a lower point and rebuy, then ride it to the top. In 2 months I have almost tripled my money. Some times it can take a few weeks or more for a coin to reach its potential.
The thing is that you need to find an exchange that you can trust!
see my blog you may find answers in it.
Thank you again for this up to date and real time summary and analysis. Depend on and appreciate it. Peace.
Thankyou Haejin, your nice post.
Great update and steer on portfolio mix - Haejin we are grateful for your humble and teaching spirit!
While I do not know who you are, you give really good advice. Keep it up
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Yessss yesss!!! He is back!!!!!
Delete message, otherwise you'd be feeding the hate.
delete message cause bernie will downvote you and your account will be limited. I cant upload or anything. upvotes might help but dont know.
Saya sangat menyukai posting anda..Halo,,, # @haejin
Lovely to see you back Haejin. Hope you had a restful break.
Thank you Haejin! Would you be willing to share the 12-15 you are holding that have the greatest potential?
Thank you for a good update :)
could you please take a look at XVG?
Correction to 0.106 BTC most probably, it's almost done, be patient. Check my blog.
@haejin I love it when you do these alternative scenarios in detail like this, I learn so much more seeing the alternative paths. I've ordered copies of the Elliott Wave Principal on your recommendation for both myself and my brother. Thank you for your excellent tutorials and eye opening methods, keep up the good work!
Please do a Verge update! we are in dire stress over this coin
In the Korean markets, I see a running triangle forming. Now we are on to count E and the bottom could be in or we could go lower. Though my main count is that we will go lower.
I believe if we follow this triangle, that we will bottom out at around 17,577,000 won which adjusted for the 25% inflation that a Korean market has is around $12,260.
Whichever one it is, I also see us going up!
The fibonacci levels point to 30,632,000 won and 34,189,000 won which adjusted for the average of 25% inflation that the Korean markets have turns out to $21,319 and $24,125.
Thank you. Do you ever cover XRP?
XRP update on my blog. Here's an excerpt:
Thanks
ny update on xvg? :)
Correction to 0.106 BTC most probably, it's almost done, be patient. Check my blog.
Thanks for the BTC TA.........Could you consider doing Litecoin please. Thanks for you time :)
@haejin master, could you please make a tutorial on how to create 110% portfolio? ;)
Anyways- thank you and wish you massive profits (BTS and XVG update needed!).
great stuff..thanks for all the info. very complete.
Nice to see you back haejin! and thanks for the detailed post.
can some 1 please take a look at some coins for me?
im still pretty new at all of this
worldcoin (WDC) / trollcoin (TROLL) / fujicoin (FJC) / audiocoin (ADC) ?
they are not so popular but looking at the charts i have a feeling they are gonna Moon again. unless btc does a quick rise i think.
Thanks Haejin!
Stunning to see you back @Haejin. Expectation you had a soothing break.
Upvoted and resteemed
Awesome post!
Thank you very much for sharing a post that attracts friends.
The BITCOIN then, from a downward path, as it passes the months of 2018, will begin an upward course, now is a good time to buy BITCOIN's funds.
Awesome read. simply joining the steemit group. Much obliged
Upvoted and resteemed
Thank you!
BTC Downside can touch $12.5K and $13K , Upside it can touch $15.3K. Breakout above and below these levels.