Bitcoin (BTC) Morning Update: Short Term Target $18,197 Dead Ahead!!
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SUMMARY
Overnight Bitcoin (BTC) price action has marked out a symmetrical triangle as shown below. When starting, the first thing to do is draw lines and identify as many patterns as possible. Below you'll see the bull flag, and another triangle, etc.
I believe short term price target is now $18,197....Dead Ahead!!
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 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.**
MY OH MY.........CNBC HAS FLIPPED!!! Last week Kramer called to get out.....and now everyone on Squawk on the Street is FULLY acknowledging that they may be behind on this thing. Still don't buy Bitcoin fully, but Blockchain 100%......and very very little denial of Bitcoin. This is a MAJOR about face for CNBC. Here we go folks, like Haejin said....buckle up! Once some of these major companies start investing in Bitcoin instead of their banks.....this thing is going literally TO THE MOON.
Muwhahaha.....and Futures are trading for 18k looking toward January.....they need some Haejin in their lives!
AND the SEC issued a red flag warning to investors to be careful investing in cryptos......I LOVE IT!!!
The banksters are under attack and they dont know what to do....the entire financial network is going to be turned upside down and there is nothing the establishment can do about it. Future trading "legitimized" crypto...LOL I laugh at that term.
The fact is people are legitimizing it through their desire for something different. We are seeing it here on steem. 25K-30K a day are on here earning crypto...people who are normally outside the inner circle of really huge profits. Now we are in on the ground floor.
I would agree, there does seem to be confusion tending towards a somewhat frantic disposition on their part.
Honestly, I would not agree. They know what's going on. Make no mistake, they pay people big big big big big bucks to make sure they are on the cutting edge of technology. Whether they incorporate it immediately or not is the only question. It's in their interest to let the market smooth out the waters before they launch their products.
All major banks and lenders are already on track with their own blockchain technology. I'm not saying it will be better or worse, but the vast majority of people will continue to use their bank or investment firm to get into crypto. And the banks will make it easy....let you buy whatever currency you want....through their system.
In fact....I think it will be easier to manage funds at that point simply because you have that many more people innovating on top layers and UIs. I don't buy for one second that the naysayers don't already own crypto or have a very well laid out plan as to when to introduce it to their client base.
Once we get the benefit of swimming through the waves, hopefully surfing them cleanly......then they will come in batting cleanup and get everyone else involved and take a cut. They are thrilled for us to figure out the territory for them.
I'm not saying they are able to compete with BTC, and I'm not saying they own all of us sheep.....just saying.....let's remember who these people are....they run the world, or at least to the highest degree that someone can. Every major company is just waiting for their moment to jump in, and most of them will probably get it right, because they have immense resources. Not to be a downer, just calling it like I see it.
Just get while the gettins good!
Doing the opposite of what Cramer and CNBC says is about 90% accurate.
I'm so happy these geometry are setting up some great gains for the short term. The question is will the little speedy brother follow along for the ride?
Mempool Madness
How does that work? How does the chart drop off completely the 0-5sat group?
Does ethereum also have a similar chart to gauge congestion?
AHHHHH I GOT STUCK IN THERE!!!! What was I thinking.....? Oh well, forces me to hold!
very informative article with graphical representation. amazing stuff. keep sharing your nice work @haejin Resteemed & Upvoted your brilliant effort
man I really dont know how I would survive the crazy btc market without your daily updates, you save me a lot of nervs!
btw... jaws of death sounds terrible ;D
Just don't watch coinmarketcap 24/7! 🚴♂️🕹🏄♂️🎳
yes I know, and haejin was a wonderful therapist on that matter :-)
Thank you very much for this fun and useful information. Much appreciated!
i dont understand why you dont have 176 upvotes. The only way to true massive profits is to learn to read the waves on your own.
What people fail to realise is, this knowledge when learnt can be applied to any trading platform.
Coaching with Haejn is like getting trained by Yoda to control the force.
U r the best! I really want your 1 on 1 !!!!
Thanks! @haejin~ have a nice day :)
God Bless You, Haejin. 🙏