Bitcoin (BTC) Morning Update: Three Touch Points!

3 months ago
79 in bitcoin

SUMMARY

Bitcoin (BTC) overnight price action was indicative of a rise towards the d wave of the a,b,c,d,e correction. The below chart shows my price projections...yes, bullish! The $26k and $30k targets remain solid.

I'm still keeping an eye on the a,b,c (bear flag) alternate and the key is, as stated in prior blogs, that if price reaches around $18,300 or so and reverses, then we might have a different story. However, again, this is my alternat and NOT my primary count.

Here is the other concept that I find very interesting. Note how price touched the top line of this Jaws of Wealth three times and price also touched the bottom line three times. This is a type of fractal on behavior and not pattern and it's also quite accurate. To that end, this Jaws of Wealth also jives well with the primary a,b,c,d,e triangle pathway. It's important that BTC starts putting in higher highs! Let's see what happens in the coming days.

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?

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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
62
  ·  3 months ago

Looks like BTC is ready to resume the run!

43
  ·  3 months ago

I keep expecting a BTC bull-run, but I'm reluctant to move more of my portfolio into BTC because I'm making some pretty good gains vs. BTC lately... Decisions decisions...

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54
  ·  3 months ago

If I made a profit against BTC which covered my fees in both ways and still left me with gains, I would have exchanged back to BTC due to expectation of correction because BTC is not inflationary.

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43
  ·  3 months ago

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48
  ·  3 months ago

Do more mining and you'll be much better off. More secure investment and good returns.

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25
  ·  3 months ago

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  ·  3 months ago

Although it might not be (or might be) profitable depending on your computer and graphics card, I would say the best thing to use is miningpoolhub.com. It first benchmarks your computer in several different algorithms, and the selects the best one to use. Just follow the how to guide on the site. I hope this helps!

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48
  ·  3 months ago

We joined a very successful and stable group. Send me a direct message on my Twitter account or a message on FB and I'll get back to you.
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52
  ·  3 months ago

Good. Thanks for sharing alternative paths.

27
  ·  3 months ago

First :)

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50
  ·  3 months ago

🙁 lucky

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51
  ·  3 months ago

Get rich by saying first :)
I posted this Bitcoin - BTFD - Can we see the Light(ning) coming? yesterday, but I think I might have been a little biased as I was excited because some LN fundamentals..

51
  ·  3 months ago

Thank you Haejin! Take also a look on my TA for the longer time period. Thanks in advance!

Bildschirmfoto 2018-01-13 um 14.55.52.png

https://steemit.com/bitcoin/@vonbuelo/bitcoin-btc-elliot-waves-bull-cycle

58
  ·  3 months ago

Rise of Altcoins have slowed rise of Btc , I hope btc growth stays slow !

48
  ·  3 months ago

bring it on!! :D love the analysis

45
  ·  3 months ago

If it breaks at half way to point D we have an increase in chanse of being a triangle. :)

1

27
  ·  3 months ago

Nice bro, Evx is going for the wave 5 46000 satoshi

50
  ·  3 months ago

My sell orders will be at 16500 - 17000

43
  ·  3 months ago

good one! Thank you

41
  ·  3 months ago

Thanks @haejin, I think the bullish run will happen, we need that to get to 1T overall market cab that everyone is waiting for it. :)

47
  ·  3 months ago

This will be interesting! If we get a higher high it could be either a bear flag or jaws of wealth.

25
  ·  3 months ago

Another perfect analysis @Haejin!!! Could zou please have a look at NEO BTC? I thin that would be a perfect example to understand extended waves! thank you!

41
  ·  3 months ago

thanks for share this update......
i have inerest about altcoin

50
  ·  3 months ago

Thanks to your analysis I've felt safe to invest a little bit of money, thank you! Also i've been studying really hard Elliott theory. I posted earlier about this two coins that I think are very intresting.
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36
  ·  3 months ago

The first one is a bear flag I believe so it will correct and not go up.

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50
  ·  3 months ago

Yup, It corrected I'm still waiting to enter again since I'm not sure what pattern it's doing. Just for me to learn, what was your observation to tell it would correct?

25
  ·  3 months ago

Gracias por tus análisis

25
  ·  3 months ago

thanks for this, sir. you've been a great help on my portfolio. i've been sharing your TAs on my friends and we've been enlightened so much to the sudden changes on our own technical analyses. i have yet to read/watch your recommended lessons on trading, im still trying to finish the trading strategy lesson videos I saved on my playlist, i'll study yours after then.

thanks and more power!

44
  ·  3 months ago

Thanks!

50
  ·  3 months ago

nice to read that you are bullish on btc!

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33
  ·  3 months ago

As Haejins says on many occasion, BTC is the moon that moves the tides. I would say Haejin bases all his decisions on BTC.

56
  ·  3 months ago

thank you for sharing these posts of interest, greetings

33
  ·  3 months ago

@haejin thanks for this great episode of BTC - Posts!!! learned a lot!

would you check out the charts of Blackcoin(BLK)?

35
  ·  3 months ago

Thanks!! Looks like BTC is going up, just broke through $14,500, see how high we get.

57
  ·  3 months ago

so it could go up...or down!! great!

31
  ·  3 months ago

Thank you!!!!

54
  ·  3 months ago

Informative post.Thanks for sharing it

25
  ·  3 months ago

Fantastic ! I it doesn't go up it will go down... I hope you didn't take to much time to explain that !

50
  ·  3 months ago

They mentioned the large fees were an issue, so perhaps they will accept a coin with smaller fees, perhaps something like a bch, heck or maybe even little ol steem. ;)

22
  ·  3 months ago

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