Bitcoin (BTC) Evening Update: Short Term Jives with the Longer Term
SUMMARY
So, going back to the below fractal series for Bitcoin (BTC), it's quite clear that price breached out of the symmetrical triangle now for the third time in a row. This breakout has been, thus far in an impulse motive.
This chart contains the five subwaves of wave 5 (white). IF this is correct, then the wave 5 would be a bit extended; though not greatly. That should mean something to those who know the dangers of an extended 5th.
On the longer term perspective, the five wave completiong would complete the right side wall of the Cup formation. Then the correction which should coincide with the handle portion would have price retrace 0.618 or even 0.78 Fib zone. It would be the correction needed to prime for the next run up to perhaps all time new highs into early/mid Fall.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
I like the look of that chart :) I can jive with that lol
This haejin post has been downvoted, it is a @flagtarget.
READ: Resteeming @haejin's 8th 9th and 10th post of the day as target to be flagged.
They resteem 3 of @haejin's posts a day, and we concentrate our efforts on removing the potential rewards from those three.
Then @flagfund pays "The Braves" who flag those 3 posts every day, as you can see their posts are doing quite well.
How did you get into bitcoin? I am always interested in how everyone first started to get curious about bitcoin and all the other projects it inspired.
Is there any chance tbe correction is less? 0.5?
@haejin, can u make Steem update? Seems like it's died for time being.
Sorry did not downvote this. Looks like someone hacked one of the Steemit apps and caused a bunch of people to downvote.
That sucks, I hope it gets sorted out soon and the culprit found. In the meantime I hope that all hacked flaggers will remove their downvotes.
Amennnnnnn totally agree. Right there with ya.
Your post is always different i follow your blog everytime , your post is so helpful .
I always inspire of your post on my steem work . Thank you for sharing @haejin
Follow my blog @alemrantorun
This haejin post has been downvoted, it is a @flagtarget.
READ: Resteeming @haejin's 8th 9th and 10th post of the day as target to be flagged.
They resteem 3 of @haejin's posts a day, and we concentrate our efforts on removing the potential rewards from those three.
Then @flagfund pays "The Braves" who flag those 3 posts every day, as you can see their posts are doing quite well.
awesome post @haejin i want to share with you my little knowledge about @bitcoin actually the bitcoin is a big level cryptocurrency.
Whenever i think about bitcoin and cheack the rate in markeet they should be changed. I really feel amazing when i heard that the bitcoin have daily rate changed in markeet.
now a days bitcoin have low price . Every one should purchase the bitcoin with low price and when the price are up in market then they bought a lot of money with bitcoin...
Thanks for sharing a awesome article with us.....
Regard: @mahmoodhassan
Wow great. It's give me more knowledge about bitcoin. You know what. Bitcoin is lit..ow they are also a coin called litcoin daam it 😂😂
HAEJIN & RANCHO LIVE STREAM ANALysis
good post dear
lol too funny
So great post.
thanks for sharing this with cryptocurrency. We reveal Light by transforming our Desire to Receive for Ourselves to a…