Bitcoin (BTC) Mid-Day Update: A Very Nice Completion of Blue Wave C & Start of Blue Wave D
SUMMARY
Here is the bigger picture showing the position of each blue a,b,c,d,e wave. I believe the white wedge pattern is complete. This also likely brings blue wave C as being placed, too. Blue wave D is expected to be next and price should rise $9,300 or so. Bear in mind that a genuine breakout can occur without completing the blue wave E. Let's see how the coming week takes the price actions.
The closeup shows a vertical move in the process and hence, the end of wave C has been properly marked. The proximity to the apex is acceptable, though closer is always better. The abcde (white) subwaves of the smaller wedge pattern should be complete now. IF we can close above $8,100; that would provide further confrimation that BTC will head towards $9,300.
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Interesting. Can you elaborate?
It's flashing different colours, and can trigger photosensitive epilepsy https://en.wikipedia.org/wiki/Photosensitive_epilepsy
This comment has received a 0.07 % upvote from @speedvoter thanks to: @missioncontrol.
No harm intended. I just thought like minded people may get some value out of my content as well. I won't do this on your blog again though Haejin.
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The worst is almost over. Let the Bulls run...
Your "almost" is from C to D to E.
After E: "Let the games begin!"
11.7k to 7.3k:
7.3k to 8.4k:
If price can close above $8600 (yellow line) and break the daily trend line, that will be the first signs of a reversal.
The next milestone before moving higher would be to clear out the sell orders at $9250 (green circle) on the 4 hr chart.
I think support will be broken in a rather volatile way...
What do you mean when you said "IF we can close above $8,100"? This is a market that never closes.. I'm confused. When is Closing time?
Open usually refers to the price at 12:01 AM UTC close is the price at 11:59 PM UTC.
The boss is here again with another boom, more from you boss..
Thats Great we might have ended the bearish trend and moving upward
Wave D and E still remain; but they should be piece of cake because awareness keeps the panic away.
Wow. You're getting a lot of flags. Maybe it's time to move into other areas (like politics predictions – where the facts don't matter for once).
This comment has received a 0.07 % upvote from @speedvoter thanks to: @missioncontrol.
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Nope
Wrong
it soon going to be time for the bulls to run through. Very exciting time after this bear.
what about G20 ?
Nice Post :)