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Bitcoin (BTC) Evening Update: If Bitcoin Crashes, where to run? by haejin

View this thread on: hive.blogpeakd.comecency.com
· @haejin ·
$3.47
Bitcoin (BTC) Evening Update: If Bitcoin Crashes, where to run?
<center>![](https://steemitimages.com/DQmV7DYu1BXRcESjnviy1SJL5YwkeGLnBo3W4dPY145ULHM/image.png)</center>
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**SUMMARY**

I've been calling for a major top at a Cycle degree of trend. Once this top is in (perhaps somewhere between $7,000 to $9,000), the correction will be a site to behold. The Altcoins will not represent safe havens and the video analysis contains the full details that are too much to pen.

The chart below shows an hourly chart and the white a,b,c,d,e triangle has all waves complete except wave e and this means a one more low towards $5,600 is likely before resuming up.

![](https://steemitimages.com/DQmcqKuVduvR1c1WxaHXsYr4qPr4G85Xh7gJLUaW9S4sHnt/image.png)

https://youtu.be/wZi-PWP1PeQ


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https://steemitimages.com/0x0/http://i.imgur.com/40YQWVI.gif

If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66

<center>https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif</center>
**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.** </center>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 27 others
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vote details (91)
@anarchrysalis ·
I've seen you write that statement about better to be out wishing you were in than in wishing you were out, but it was more profound to hear you speak it in the context of this scenario.

Thanks for your sage advice and for sharing your knowledge most generously.  Here's to a nice slow ascent to new ATH to give those alts a nice bullrun...
👍  
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@bitcointv ·
Thank you!
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@blackforcewitch ·
Can u update the zen analysis please
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@d-pend ·
This is invaluable information @haejin. I will endeavor to stay several steps ahead as you are. Thank you so much.
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@daysaway808 ·
This is brilliant! Thanks.... 

Would love an update on EOS. I'm curious if your old analysis targeting $8 and $18 still holds.
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@demonklyd · (edited)
Hello everyone; @Haejin you said that an event such as governement regulation (in the USA) shall justify the forecast, a statement which I 100% agree with. However, what about european and asian holders? I as a European would not be that affected by such measures, would I? At least to a certain extent I guess. Remember China and the regulation of cryptocurrencies: BTC has never been so high!

Plus I must say I don't think ETH for one will crash as much as other alt coins because of its market cap (1/3 of bitcoin's). But hey, I may be wrong, just my 2 cents!

STILL, Thank you so much for your forecast on Bitcoin Cash! I made profit thanks to you!
👍  
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vote details (1)
@devrim ·
@haejin, BCH broke out. I am finally in profit. I can switch to another coin. You announced all those % profit potential for many coins. How do we go in selecting those?
PS: you don't have to be @haejin to respond if you know anything. Please share.
Thanks.
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@hippo ·
Hi @haejin, appreciate for the update as always. Video appears to be broken, can u plz check? Thx
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@summertooth ·
Working for me
:)
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@katyclark ·
Awesome analysis
👍  
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vote details (1)
@mdo ·
Great Post.
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@melip · (edited)
Hi Haejin,
I found this coin running on its own blockchain, the name is Obsidian (ODN), it has a low total supply and it seems to be run by very smart people. Would you be so kind to take a look at it and make an analysis?.
Thank you.
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@haejin ·
$0.09
Hi Melip, here is the analysis for ODN, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/obsidian-odn-when-will-this-long-correction-be-done-my-target-is-usd0-95-300-profit-potential
👍  ,
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@nateinsav ·
Great video.  Explained a lot about Elliott Wave theory.  Definitely will be "out wishing I was in when the time comes".
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@noetic-heretic · (edited)
A couple of my buy rungs were triggered last night on EOS. Looks like we might be seeing the beginnings of an impulse  wave upwards very similar to your forecast from a few weeks ago...

![](https://steemitimages.com/DQmbMhQLzqm6R4sgWGqJpvWCiQvNW1VTnXfjAAVWNNRwqzL/image.png)

Hopefully we will see this continue to develop!
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@pandorasbox ·
Thanks for responding to my question in the video!

What advice do you have for somebody who does not want to cash out into fiat, but still needs some kind of safe haven? If the only recourse is to hold through the major dip I will, as I have done so all through 2014-2017 too, but would appreciate any advice! I will be buying some Bitshares as insurance, but do not want all my eggs in that basket. 

Also, what about Ethereum? What does long term logarithmic Elliot Wave theory predict for Ethereum? The same cycle? I have the feeling that Ethereum is in some ways less linked to the success/failure of Bitcoin, and it is becoming widely adopted in a very different way. I would be interested in knowing if there is enough historic data to make a similar long term prediction as your main BTC one! I do see Ethereum as a potential survivor to any crash
👍  
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@cryptonfused ·
Yup Ethereum.
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@keen1 ·
You could put into USDT
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@pandorasbox ·
Don't trust USDT when the entire market crashes
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@marvirafael ·
haejin thinks BTS could be a hedge, but IMHO i think BCH could also be one.
👍  
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@rexusmo ·
$1.33
Well I think the statement that will bring the price down has just began. Yesterday I saw a YouTube video stating that anyone dealing with cryptocurrencies in Indonesia will be in serious trouble. I've not confirm it though.
👍  
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vote details (1)
@rps ·
Thanks Haejin, Thoughtful insight. Can you do a review about CVC, as it has some interesting price movements.
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@steemitboard ·
Congratulations @haejin! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

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@synrg ·
I am having trouble playing the video... it says unavailable?
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@haejin ·
$0.03
please try again, fixed it.
👍  , , ,
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vote details (4)
@robinsonlx ·
Same here!
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@synrg ·
Maybe it just has to finish uploading... I'll wait ;)
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@synrg ·
Woah.... is Haejin actually saying to go against his own protocol?!?!
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@haejin ·
$0.06
Not really...:-)
👍  , ,
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vote details (3)
@synrg ·
Sorry I actually meant mandate... the Haejin mandate....  my apologies ;)

So if you sell your btc, will you buy again after the big correction? Because if I understood correctly, if Bitcoin does what you say it might, HODL may not be a good plan?
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@whiteflame99 ·
Good thing that "EOS"is not an alt coin. Great info exciting times ahead

Thank you kindly.
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@nkd11 ·
Really? How so?lol
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@whiteflame99 ·
It is a token

Thank You Kindly.
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@znog ·
@haejin out of curiosity I had a look at USDT and I see it has been reasonably stable: always within 10% of USD and most time well within 1%. Are you thinking about any reason why it wouldn't hold this time? I'm still following your advise anyway: better safe than sorry.
👍  
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@haejin ·
I saw too much of a negative premiums before on usdt.
👍  
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vote details (1)
@hippo ·
Hi @haejin, I have the same question. I understand that USDT is pegged to USD 1:1, I have been using it as a hideout in the past. Is it safe to hide in case of btc major meltdown to sub 2k/1k? Thanks in advance.
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@thehappytank ·
I would add, if the Bitcoin correction is severe enough to cause exchanges to go under, USDT won't do you much good unless you have it in cold storage.  At that point, why not have your money back in fiat in a bank?
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