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IOTA Update: Two Paths...Same Destination! by haejin

View this thread on: hive.blogpeakd.comecency.com
@haejin
$4.91
IOTA Update: Two Paths...Same Destination!
<center>![](![]![](https://steemitimages.com/DQmdYYJYeken6C9AQZSBSYEGunuEfAv7nSg4ZURCWXnKteL/image.png))</center>
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**SUMMARY**

IOTA is correcting or more so consolidating. The bulls are reloading their mojo! I see it as shown below as one pathway. Don't forget, Cryptos LOOOOOVE triangle patterns. Here is the a,b,c,d,e forward discern. The white impulse waves show higher highs to be expected.

![](https://steemitimages.com/DQmbQGwL3MtK89Jm9SxX2cKKcLibwUDdbAjBQyEAyzNVB3k/image.png)


The alternate is shown below where the correction could be a classic a,b,c flat pattern. Eventhough the path is different, I believe the destination is the same...UP!
![](https://steemitimages.com/DQmWwMvsfGDyWHXVt2zfHFFiJXtteLGFLphPJCfXzQBDXHs/image.png)







Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
These Technical Analysis Books: [Elliott Wave Priniciple & Technical Analysis of Stock Trends](https://steemit.com/bitcoin/@haejin/n98sk-haejin-s-ta-book-recommendations-for-elliott-wave-and-chart-pattern-recognition) are highly recommended
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

Follow me on [Twitter](https://twitter.com/Haejin_Crypto) for Real Time Alerts!!
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<center>https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif

If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf


<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>
馃憤  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 254 others
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vote details (321)
@barsic (edited)
thank you very much @haejin, I really have been waiting forward to your update on iota! Best wishes to you!
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@cryptosuf
$0.02
love being first
馃憤  
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@scarlet7
$0.04
https://media.giphy.com/media/nXxOjZrbnbRxS/giphy.gif
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@shawnster
$0.02
scarlet...i don't know much about Substratum but it seems to be getting a lot of attention since the net neutrality decision which is bullshit if you ask me...this is just as scumbagish as the Supreme Court allowing corporations to be treated as individuals when voting...do you think substratum has some credence? wouldn't they have to rely on ISP for the decentralized internet they are planning to provide? BTW, have you read the articles about how ISP's will be able to sensor Exchanges with the government and possibly create black holes? This is not good news..this along with centralized exchanges were the Achilles heal in my opinion of creating a free market, but now that ISP's have control, this is really bad news...wanted to see if you've researched this...cheers
馃憤  ,
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vote details (2)
@cryptosuf
@haejin are you still active in the stock market?
you started there right? and I know you have that amazing ETF strategy thats been killing it! 
But regular stock market trading... are you active?

or is cryptos profit %% too high to bother with stocks  At The Moment?
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@gunthernow
Thank you Haejin for updating us IOTANs (and there are many of us) with your sage analysis as always. Cheers and Happy Holidays!
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@harry-cannon
Thank you.
馃憤  
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@jazzsnobs
Thanks for the post. Even though I have a strong belief in IOTA's growth, recent price drop made me a bit nervous.  

Now I am watching all of your tutorials; so helpful for a novice like me.
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@martinf
its getting to the point where everything is just shotting up, this is alittle worring because alot of these coins have bad tech, bad websites, no teams.

Its as if there is FOMO manica. I mean i love making money like everyone else but its too easy. coins are shotting up with no news,, no breakthroughs.
nothing. 

Am i the only one noticing this?
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@multicripto
Thanks for your knowledge. You deserve a lot of donations!!! Can you check RCN, I followed this strategy. What do you see?
馃憤  
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vote details (1)
@razouk
$0.05
Hi Haejin
Can you comment on the difference between USD vs BTC chart analysis. For example PIVX chart between USD vs BTC is opposite in direction. Which currency do you weigh you analysis on?
Thanks
馃憤  , ,
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vote details (3)
@cannonball6
The price action shows the direction or trend but the timeframe is much more difficult to predict. Haejin's has said this many times. The result of that is that the expected price pathway in dollars does not necessarily say anything about the price of bitcoin. E. g. If the dollar price is expected to increase 100%  but only 50% against bitcoin, it doesn't mean bitcoin will drop 50% against the dollar. You cannot draw that conclusion because the respective price pathways follow different timeframes. 
The other point Haejin repeats is that the dollar trend is a leading indicator of the bitcoin trend. 

This question comes up over and over and I think it is because people want to draw conclusions about bitcoin price. Am I missing the point?
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@cannonball6
Moreover I believe the dollar trade drives the trend and this will become exaggerated as more newbies enter the market thinking in dollar terms.
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@cryptosuf
$0.20
he usually posts both charts a BTC pair and a USD pair. But, he has said a few times he prefers using USD himself. It doesn't matter I think. From my understanding its the SAME price at the end... USD stays at 1.00
BTC fluctuates all day long. So USUALLY when BTC goes up the price of most coins will go down.... not always but usually. 

But i would like to hear @haejin reply again too lol.
Just to understand it  a little more
馃憤  ,
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vote details (2)
@scarlet7
Don't Miss the Wave up!!!!   We keep seeing these ABCDEs rocketing off of the C!!!
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vote details (1)
@barsic
packed and ready :):) to me this correction felt like years since it is my beloved coin.. :)
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@substance11
Thank you for this great update!
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@wilku
$0.44
Hope it is going to rebound soon...
馃憤  ,
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vote details (2)