Bitcoin (BTC) Mid-Day Update: The Small and Big Pictures
SUMMARY
Price pierced the upper trend line and while there are bearish implications; I'd like to share the following charts as pathway potentials. From the perspective of Elliott Waves, the five waves down seem complete. But how do these fit into the higher degree of trend? In other words the bigger picture.
Before going to the bigger picture, this chart shows the miniscule blue subwaves of wave 5. That would be at around $8,917 and that's also about where the 200 day moving average resides.
This correction which started on February 20th could also count as a,b,c (red) and so compose as subwaves of blue minor wave 2. In order for this wave 2 to complete, the upper trend line would be temporarily breached. The bottom of blue wave 2 could be at around $8,917. This count would say that once this zone is hit, a sizable rise should occur. Let's see how the price activity plays out until later this evening.
This chart is another big picture scenario where the whole rise from the $5,900 low represents a corrective, countertrend bounce. IF so, it too would still be calling that wave b is nearly complete as measured by subwave counts. This count is also calling for a sizable bounce for red C. So at around $8,917; a sizable turnaround could be likely. IF this fails, the the below $6,575 and $4,800 zones could approach quickly.
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
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Tutorial on the use of Fibonacci & Elliott Waves
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Your friends: done, bcc and btu COMPLETELY Flagged and NUKED an offer of PEACE by a minnow today!!!!!
https://steemit.com/haejin/@em3/haejin-can-end-this-and-still-be-rich
If you care for Steemit, can you please go to the Post, upvote it and at least give a response: "no, thank you" or whatever!
Show Steemit that you are not a monster... Do the right thing. UNDO the CENSORING that the goons DONE, BCC and BTU did! A few of your supporters say you HATE censoring. Prove them right.
$20-$25 was deleted from the Post. A 50% upvote will make this right.
Irrelevant spam. flagged.
@haejin is this account you? @done
If so you flagged my post that had, for me, a decent reward on it...why did you do that? If you have a problem with me then speak to me. If a whale is going to vote for me I would like to feel excitement to see all my posts upvoted...not see me best one get flagged to 0
Here is the post: https://steemit.com/fitness/@ssjsasha/workout-for-the-day-saturday-march-3rd-2018
I doubt that it is his account.
If you were taking part in abuse then this is the result you get instead of rewards.
If I was a whale I would do the same for all abusers. That is the only way for them to start to think what they are doing. Smart move. 👍
well I only spread positivity so wtf
That's a very bold statement. I have read some positivity comments.
It's very positive. Probably there are more similar actions. It just depends on what side you are. 😂
But it was about my wild guess and not why it actually is happening. You should now better.
It IS Haejin or his friends.
He did the same to a request for PEACE by @em3
Check, probably btu and bcc also were there.
No, I do not use duplcate accounts.
ok, I do not know why some user tried to make me believe that it was you. I didn't believe it because it makes no sense for you to be nice one day then randomly flag me another
There is a lot of propaganda out there being fished out against @haejin, its always smart to take your own independent time finding out the truth before casting blame. Glad you have all clarified now.
Too bad haejin's are correct less than 60% of the time
What about xvg bro..1$ in dicember ??
The best thing to do which i will be doing very soon is get all your coins in wallets and come back in 5-6 months cause what all these TAs havent got he balls to say is, we are in a bear market. And the reason we are in a bear market is because markets run in cycles.
Don't store them, sell them! (or at least a part of them) If you are right on the bearish you pick them up later much cheaper
Not for 5 to 6 months,everythung will go up starting begining of May.Jun will be peak.
forget his TA on Verge. From december he was wrong. All his TA was bullish and they wend hard down. Fallow btc and you now what happend with Verge. If BTC goes down. All thge altcoins fallow. Verge will go more down and even against btc...it will take maby 2 months more.
Hi @haejin. Thanks for your regular updates. Very helpful and much appreciated.
There is someone else providing TA using similar name as yours and similar style. Not sure if that's you or someone trying to copy you. Please check https://steemit.com/@hahajin
Thanks. Keep up the good work
In my opinion it's a persiflage on the posts of @haejin
Soooo soooo sooooo bullish. Even when we are at $2000 you will still be bullish.....lol Classic.
You think we are going to $2k?
That is the problem I do have with @haejin too. Every altcoin is going down even more then BTC. That's why the BTC dominance is around 41.8%.
Still a lot of charts show up showing uptrend lines...........
It is best time to buy btc or ltc,steem
Certainly the news is not great for short term investors, however, the analysis appears to have multiple alternatives that eventually reach positive gains for investors. I'll be watching closely to see which way the market goes and look forward to the next update this evening and this morning. Thank you again for all your TA. I'm hoping to grasp this Elliot wave stuff someday.