Bitcoin (BTC) Morning Update: A Good Technical Analyst is a "Bad" Technical Analyst who forgives himself for mistakes and learns from them!
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SUMMARY
I've again added good scret sauce items in the video which is not covered in the summary. Please consider view it.
Can you say precision hit on blue wave 3! Damn! Not too shabby. Overnight, Bitcoin (BTC) hit $9,209 and it's now correcting into the blue wave 4.
The wave 4 correction could most likely be a zig zag (5,3,5) type as shown below:
The zig zag could lead to a deeper low towards $8,800 or so, but not required.
There could also be a symmetrical triangle a,b,c,d,e type. But, this is not a close alternate.
Here is the a,b,c blue wave 4 correction's expected price pathway and much daytime price action could be spent in progressin this. Then, we shall perhaps come close to or hit $10k.
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.**
What I do find hard as a newby is when to take my profit?
Of course Haeijin looks everyday at BTC, but with the other coins I’m just not very confident in my own skills yet, if I see in time that all impulse waves have completed
Also now, bitcoin could be reaching its top soon and a major correction comming. Better safe than sorry?
I'm a newb as well but I think generally 'better safe than sorry' is a safe bet! And at the end of the day, like Haejin said, commiting mistakes will make you better in the long run if you can learn from those experiences... it's part of the game! 🙂
I follow and have read many analysts, and none match your rare ability to convey both accurate and informative data in such a succinct manner. It reminds me of a great college professor I had; really inspired me to order those books and start my own knowledge ramping. Really, a huge Thank You for your wisdom, what a skill to be able to see things in so tactily. Blessings from TX!
Thank you!
Are tou still bullish on BCH? Thanks Haejin!!
"Bitcoin (BTC) Morning Update: A Good Technical Analyst is a "Bad" Technical Analyst who forgives himself for mistakes and learns from them!"
Love the title - and isn't this true about most things in life, we can only better ourselves if we learn from our mistakes, forgive ourselves and move on from those experiences.
Yes, thank you, as usual, for the excellent information.
thank you for your information
❤️🐾🐈Good morning, thank you for ALL you do. PLEASE update EOS....3.22 Target, but correction before?
Thanks for the update
tkn looks like is going to have a baby....
https://www.coinigy.com/s/i/5a1ae81bedae8/