Bitcoin (BTC) Mid-Day: Upper Trend Line Re-Taken with Five Waves!!
SUMMARY
Bitcoin (BTC) has re-taken the upper white trend line! It has done so in an undeniable five wave impulse as shown below. This is signficant in both technical analysis and trend direction. The yellow five waves up has occurred very vigrously...very much like a wave 3 of a smaller degree. Now the key is for price to remain above the trend line and continue impulsing upwards.
Here is how the blue five wave impulse could fit into the bigger picture. IF the red ABC minor correction is complete, then this means blue waves 1 and 2 are complete. Which comes after wave 2? I believe blue wave 3 could be starting with these yellow five.
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BTC seems to be making a bit of a comeback, all the better to cash out more!
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hey thanks for sharing! look forward to more posts like this
IMO if plan to hold for long, then it probably doesnt matter whether it's 9k or 19k now :)
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What you say here is completely untrue
It really isn't. The links are to posts with supporting evidence
Wave 3 fireworks...BOOM!!
I expect a minor correction to ~9k if this 5 waves are the 1. subwave of the 3. Fits well with the TD sequentials at 15 min chart, and 0.618 fib. + Ichimoku pierce
Thats a bull flag forming imo. just a heads up.
It could be, but...
It could also be a bear flag
Now is the time to buy the dip
For future viewers: price of bitcoin at the moment of posting is 9617.30USD
That information is time stamped into the chart.
That is when the chart was made, not when the post was posted. Just sayin’
helply information for all steemit user... you r such a good man... thanks for shareing...
Thanks for information :)
We just got to get pass the sellers at $10000 to confirm the new uptrend on the 4 hr chart.