1st Blood Update: What will happen after the Handle is complete? KABOOM Time!

7 days ago
73 in bitcoin

SUMMARY

Here is first blood with a very clear and distinct message: Once the handle formation is complete, it will be KABOOOM Time!! The Cup & Handle is quite well known within the cryptosphere as the favorite pattern for enabling a longer and sustainable rally. The target remains solid at $10.05 which represents a 488% profit potential.

One more lower low can be expected as shown by the closer up of the handle pattern and the MACD. This is when a buy ladder would be cast!

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!!
Follow me on StockTwits for UpDates!!
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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:
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Legal Disclaimer: 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.

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Sort Order:  trending
61
  ·  6 days ago

Kaboom can be taken in a number of different ways.

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50
  ·  6 days ago

Wonder what the correction looks like...

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48
  ·  6 days ago

That an erection and not correction

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39
  ·  5 days ago

44
  ·  7 days ago

RAMBO TIME!!! Let's get it!!!

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32
  ·  7 days ago

@haejin Come on haejin! Why are you doing this!!! Please look again at all the charts. In a bulish market the end of a triangle means going up. This is not a bulish market anymore. ITS BEARISH!
Now a triangle means the stock is gonna show you if it wants to go up or down................SO WAIT what it's gonna do. SEE TRON TRX (Perfect example of the end of a triangle going DOWN!)
As @haejin did learn to you LOOK AT THE BIG PICTURE......................ITS GOING DOWN LIKE AN ASSASSIN.
Guys, please be very carefull. There is an escape into USDT.

With a BTC dominance of 32.6% the bitcoin isn't that dominant anymore. This means coins have taking more and more of their individual path. On the chart of Komodo you can see perfect it's riding a wave. Buy in on the low trent line and get out at the top trent line. Don't buy in to early and don't sell to late. Make one misstake and your potential profit is gone. The up and down movements are getting smaller and smaller. At the end of it's traingel it's not a definition of GOING UP. It CAN GO DOWN

LET THE FIGURES AND CHARTS SPEAK:
ADA.jpg
ARN.jpg
TRON.jpg
Komodo.jpg
MANA.jpg
BTC versus USD.jpg
First Blood.jpg

Sorry @haejin but I had to do this

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40
  ·  6 days ago

A pity you did not take the time to learn EW properly before posting your charts and making an Ass of yourself. I will be happy to show you where your counts on the above charts are wrong and why your argument does not hold up if you would like. Maybe I am wrong and you can show me why your counts are right. I have no proble improving my EW and I learn something new everyday.

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25
  ·  6 days ago

Love to hear what you think is happening

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40
  ·  6 days ago

My personal take is that this is a strong Bull Market and 2018 will see far greater gains than 2017 did. BTC and the Alt coins are pretty much all currently correcting whether it be an ABC or an ABCDE correction. Cryptos love the 'Hurry up and Wait' syndrome as haegin calls it and if you look at the charts all of the coins are getting towards the terminal ends of their corrections. The problem is that Analysts call the bottom of a coin and then we see a lower low and everyone including the Analysts start going on about a Bear market. The fact is the terminal end of a correction is only known once there is a set of impulse waves to confirm it. This is the reason why haegins laddering system works so well for those trying to catch the bottom as there are rungs below the perceived terminal end. Personally I do not try and catch the bottom as I am not patient enough to have money sitting idle for weeks or months waiting for it to turn. I only trade coins with a high trading volume and I tend to trade wave 3 of 3 and get out. Haejin has told me that is the wrong strategy and succumbs to greed, but for now that works for me.

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25
  ·  6 days ago

I dont agree on "it's bearish" statement! Do you talk of the coin or cryptos in general? If so, then do some research... I work on the financial market and also in touch with lots of people. The crypto space just started and might get the most power in next next 2 years until the party slows down and only the true and valid coins will remain and show their capabilities in real life applications. But to say we are in a bullish market now? It is the opposite and the year just started.... as last year pretty slow but will gain speed in April I guess.

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25
  ·  6 days ago

have an opinion and a good argument, an upvote to you sir

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44
  ·  7 days ago

I like the Bulls...

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32
  ·  7 days ago

Yeah, me too. But this is a very difficult period. It's like nature...........trees just don't keep growing and growing and growing.
Homeless Man.jpg

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25
  ·  4 days ago

hhahahahaahahaha so true

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25
  ·  6 days ago

Zoom out and look at the daily charts for 1ST.

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25
  ·  6 days ago

What time frame?? Or are you just trying to get new followers?

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38
  ·  7 days ago

I can't wait for the KABOOM TIME
oh come quickly

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39
  ·  7 days ago

20150122_134653.jpg

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45
  ·  6 days ago

I love this, lol

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39
  ·  6 days ago

cool maybe a upvote and follow then too

Thank you

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39
  ·  6 days ago

you got to be in it to win it!

40
  ·  6 days ago

Great technical analysis. I totally agree with you! 🇷🇴

47
  ·  6 days ago

Seems like a great buy!

41
  ·  6 days ago

Been watching this one for some time now.

18
  ·  7 days ago

Bts update please

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32
  ·  7 days ago

Just check the chart for yourself or scroll to the top. You can't say if it's going up or down at this moment. It's on kind of a crossing path right now

39
  ·  7 days ago

Well put! First Blood is set to kaboom! Also great charting and comentary👍 Thank You for sharing😆

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32
  ·  7 days ago

Warning look at my comment!

35
  ·  7 days ago

Haejin,

I love your posts, they are very informative.

I have a few serious questions (not trolling just looking for answers).

  1. How often do these technical indicators suceed and how often do they fail?
  2. Have you ever done dispassionate analysis of how often right and how often wrong they are?
  3. Which technical indicators have the best success probabilty?

Thx in advance.

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25
  ·  7 days ago

Well, I had ZERO sucess with haejin :P
Maybe I am just an impatient guy, maybe I just understand everything wrong... but, no bet I did based on Haejin´s projections worked :D
Despite of this, I like his updates :D

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25
  ·  6 days ago

is this all sarcasm?

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35
  ·  5 days ago

I had one bit of luck with one small trade but I think it was after his technical pattern has long expired. Nevertheless he makes for interesting reading.

18
  ·  7 days ago

What about BCPT ?

25
  ·  7 days ago

Thank you! Update on EOS?

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32
  ·  7 days ago

EOS Update.jpg

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45
  ·  7 days ago

Hey i'm slowly learning ta at the moment, how did you figure out the resistance (top line) of the triangle so early in the piece?

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32
  ·  7 days ago

Cause I made it to quick. You can just lay the top line on the right red candle.
Check out 30 charts and you can see a lot of simmilar movements. Don't be affraid of pulling lines yourself. On the short term correct it everytime a candle passes a line. I do this on a one hour chart and only correct the line when the hour is over. This way it tells you more and more were it wants to go without any guarantee! And trust these lines you did draw untill the candle it finished. (It speares you to chicken out)

As you can see in my BTC chart (scroll to the top of this page) I put a lot of lines in there.
Trentline top: it tells you in the long term if it's bulish or bearish
Trentline bottom: if it breaks that.............get out, or wait and buy in.
Horizontal bottom line: Just take the lowest part at the earliest left.
It really isn't that difficult, you just have to do it again and again and again and learn it yourself this way. During time you'll get better and better in it. And remember a coin can go from 0,20 to 2,-- but it can also go from 2,-- to 0,20. Nobody wants that, but it happens.

Because there are not puts and calls like in the traditional stockmarket. Movements are more volatile but also more like nature. Most of them look like waves that are heading for the beach.

Always start your chart as a day to day chart and look at the whole picture.

At uk.tradingview you can select day and hour at the top right.
Happy trading

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45
  ·  7 days ago

Cheers. I'm hoping it breaks upwards from this small triangle

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25
  ·  7 days ago

you people are out of your fucking mind. Just draw random triangles and hope it goes up at some point...

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45
  ·  7 days ago

Only sometimes, I'm hoping it goes down if I have a short position on it.

40
  ·  7 days ago

FIRST 👍 Thanks @haejin for sharing daily your knowledge with us! Keep rockin !

25
  ·  6 days ago

Will try to make it ready for it :)

Love your content. Thank you very much

27
  ·  7 days ago

Is this the subwave of the Overall trend of 213k sat

https://steemit-production-imageproxy-upload.s3.amazonaws.com/DQmSKucY8qTVvT3AAGW3nYdoj17tDTTK8ybaSnRfwKYRHJL

Not that he answers me any more?

14
  ·  7 days ago

Great analysis @haejin following it since your previous post.

31
  ·  7 days ago

Thanks Haejin for your usual excellent analysis. You are hitting on all cylinders with your accuracy. Can we get analysis on BitBean?

25
  ·  7 days ago

blood

27
  ·  7 days ago

The problem with @heajin is that he always somehow sees HIGHS.... always apply the same 2 rules to every coin. The truth is that 99.9999% of his predictions FAIL. YES coins rise. But even kids can tell that at some time coins will rise.

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25
  ·  7 days ago

Hm.. u can see all Kaboom statistics here, and its looks nice https://steemit.com/haejin/@crypto-bot/kabooms-haejin-legendary-calls-stats-here

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34
  ·  5 days ago

it is easy to be right when all coins are rising...

40
  ·  7 days ago

In fact, Bitcoin is an awesome coin thank you to share it among us

25
  ·  7 days ago

thanks, haejin !

33
  ·  7 days ago

GNT/BTC looks like its in its d wave today and could break out or go to the e wave tomorrow. Your thoughts?
https://www.tradingview.com/x/GMsPG56E/

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25
  ·  5 days ago

GNT is prime. It will RUN!

25
  ·  7 days ago

Your guns go pew pew, our guns go POW POW!!

33
  ·  7 days ago

@haejin your thoughts on this cup and handle on pasc/btc?
https://www.tradingview.com/x/3GeBzkXW/

25
  ·  7 days ago

IF the handle completes. Enough with you clickbait moneygainer titles you wank.

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37
  ·  6 days ago

Nobody is forcing you to read this blog...

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25
  ·  5 days ago

This blog has a cult mentality. Some slight criticism and people cry about how I don't need to be here... no, I WANT to be here to call out his bullshit.

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37
  ·  5 days ago

This blog has a trader mentality, big difference. I am all for constructive and well-founded criticism, but that is not exactly your contribution... I never said your are not welcome, perhaps you just read what you want to read...

25
  ·  7 days ago

I already won with 1 st thanks to your previous post and with this I won even more

43
  ·  6 days ago

wow that's a lot of great information. I'm just getting into the crypto world and understanding charts
following

25
  ·  7 days ago

Hey Haejin, would you be able to give your insights about DBC (deepbrain chain).
It went through a massive correction over the last couple days and could potentially lead to huge profits but I'd rather get your opinion before making a move.
Cheers

48
  ·  6 days ago

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 321.62 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".

61
  ·  6 days ago

Congratulations @haejin, this post is the forth most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 357 and the total pending payments to posts in this category was $13214.97. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

25
  ·  6 days ago

i firstblooded that a while ago upon your recommendation

25
  ·  4 days ago

FirstBlood is a really great coin with a great future in games, its already integrated with Dota 2 and they'll be announcing 2-5 games in 2018 that will also be integrated with FirstBlood. So be on the lookout! Nice Job Haejin!

39
  ·  7 days ago

Wow!!!
Please subscribe to me @BestRakibul2

25
  ·  7 days ago

So which exchange has 1ST?

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45
  ·  7 days ago

Bittrex is one

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25
  ·  7 days ago

Thanks, jst waiting for confirmation now. :)

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27
  ·  7 days ago

go to marketcap and see. Just advice - DO NOT USE HITBTC

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25
  ·  7 days ago

why not?

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25
  ·  7 days ago

Go on their forum and look at their 6000 complaints and unanswered questions.

25
  ·  6 days ago

I think there is a Right triangle just finishing. And this could be what Haejin said is going to happen:

44
  ·  5 days ago

Thanks!

20
  ·  7 days ago

Master Haejin, can you please make a video or blog post about how best to cast a buy ladder? I think I understand the concept (staggering buy orders downward on buy walls), but I'd like to see how you do it and what you consider when laddering in.

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23
  ·  7 days ago

He already did..... is posted at the botttom of every post from Haejin.