Haejin

Haejin

Chart explanation & details written on chart.

Haejin

The red B wave is complete and that means a hard impulse down to complete the final C wave. Haejin.com also correctly called the BTC fake rally and the collapse!! twitter.com

Haejin

The Fractal #1 and Fractal #2 are quite uncanny! What is missing to really convince me that the recent $6.4k was the bottom is a long, red and tall capitulation volume bar!! Look at how the capitulation volume bar was so handsome during Dec. 2018!! A breakout without volume is almost always a fakeout of some sort. I'll repeat: A breakout without volume is almost...

Haejin

The past three wave structures are clear (ABC red labels) which indicate corrective nature. The current rise is likely to be no different as the five subwaves of the C wave is probably almost complete. However it would be most ideal to extinguish this bear rally with a "Flameout wick" where the FOMO captivated buyers give one last "umph" before succumbing to the...

Haejin

After a fiver wave up (white); there must be a requisite correction; per Elliott Waves which is governed by Fib mathematics. This correction is unavoidable and sure enough, it took price all the way down to $0.002. However, what comes after a correction? In Verge's case, larger wave (I) completed and if wave (II) is also placed; then (III) is next and it would...

Haejin

The fractal nature of the symmetrical triangle breakdown is uncanny. I believe the current correction is nearing its terminal phase given that red C of the ABC sequence likely has one more lower low. The correction bottom likely has strong affinity towards the 0.618 Fib level and thus a range of $7,227 to $6,800 would be the projected range. In line with the...

Haejin

IF a bottom is in, it would look like this from an EW perspective. The bull Flag feature could be the breakout catalyst from a pattern perspective. Blue (ii) has retraced 0.78 of Blue (i) which is quite the norm. Blue (iii) projection is made using a Trend Based Fib Extension of 1.618; clearly 2.618 has potential also. For more in depth daily analysis of...

Haejin

The square root of 0.78 is 0.88 and that is a probable target affinity for Litecoin (LTC). The H&S pattern is also completed and confirmed with price breaching the Neckline to the downside..this is bearish. Many Altcoins have hit new bear market lows and while not primary; that is one scenario to consider. However, given that a very robust five waves were...

Haejin

Usually, wave 3 extends 1.618 of wave 1; however, Cryptos often take price swings to the extreme, especially on an impulse. So, if the extension is 4.618; that gives a $53k potential target. The current correction is likely to tag the 0.618 Fib level and that stands at around $7,227 and jives with the level of the lower white trendline. Everyday, I release a 10...

Haejin

A definite five wave impulse since Dec. of 2018 and per Elliott Waves; all impulses are followed by the requisite correction. And that correction is in progress for EOS in an elaborate ABC with red A subwaves showing a text book Leading Diagonal carving. With Red A and B likely complete, red C has already onset and since hit has already exceeded the 0.78; the...

Haejin

The video posted on BitcoinLive (bitcoin.live) has tons more detail but overall, I spend time on the long term trendline of Bitcoin and couple that with the soon to begin 9 year Benner Cycle bull market (peak to peak; 2017 t0 2026 equals 9 years). The below chart uses a Semi-Log chart and extrapolates the annual price points. The year 2026; the end year of the 9...

Haejin

Wedgey and very wedgey!

Haejin

Altcoins all have the "Hurry UP & Wait" Syndrome and that means all corrections become a time PacMan!

Haejin

Either the Blue or White, it doesn't matter to me.

Haejin

Pretty interesting to see how these patterns get impregnated within larger formations.

Haejin

The subwaves have been filled in and the whole correction is probably more than 2/3 complete. This means that IF blue Z is still to be started, then another round of abc (white) with five subwaves for the c of Z is expected. The Z target could be at or around $1.63. It's important to consider the correction as a whole and not in parts. This allows one to gain...

Haejin

IF wave 3 gets repelled by the upper channel line, expecting wave 4 would make sense. IF price breaches that; more fireworks to come.

Haejin

Gold is bouncing for sure and I've analyzed this but the overall bigger picture shows that Gold is likely in an ABC primary degree bounce of a Zig Zag correction. I remain overall bearish on Gold. It could bounce to $1450 to $1500 or so; then a hard down on C wave to complete the correction.