Bitcoin (BTC) Morning Update: What Does the Longer Term Show?
SUMMARY
Bitcoin (BTC) could have put in the first set of five waves and so would need to correct more than it has now. Notice how price had been traveling within the parallel channel which is indicative of an impulse in motion. Now, price has gone below the lower white line and so the red ABC correction is a probable scenario. However, this is a very short term perspective. Let's take a longer term outlook using price, pattern, Elliott Waves and Indicator.
The mst prominent is the MACD..look how it's coiled and obeying the contracting blue line boundaries! There could be a few more wiggles but as it gets more proximal to the apex; the likelihood of a blow out breakout is high. This is not screaming a crash scenario but quite the opposite. The Inverted H&S is also in progress and hasn't changed much at all. The minimum run is projected to $17,331 and is expected to be exceeded. Video has more details!
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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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This guy has never drawn a downward arrow in his life
LMFAO, totally right.
I wish he would. 99 out of 100 of his up lines are BS. If he would just draw a single down line, that would probably be all we need to send BTC back to $20K in just a couple of weeks.
@Haejin, your TA for bitcoin lack sincerity these days. And your TA is not right well, you know.
And for most part about your TA, you always say it will be up, and you say Kaboooooom after a long time, although price go down and again up.
you know, cryptocurrency increases in value certainly, so cryptocurrency increases in price sometime or other.
i look forward to detail TA for bitcoin, and it will be right.
i hope you well, and good luck.
Bitcoin to the MOON!...:)...
It seems like lower white light isn't attached or in relation to anything?
Awesome observation, the lower white line is completely 100% arbitrary. And that is supposed to lead to any conclusion that has any merit? You have just outed haejin as the faker we all know he is
Check out the J-curve at the end. J-curves usually produce massive gains. So be prepared. If you get the chance, check out my blog about it at my profile page.
15th May bitcoin cash fork
Thank you @haejin, I would love to see an update on VeChain (VEN), and Firstblood (1st). Thank you.
La información que proporciona su es la mejor.
@rogeer you have been flagged for replying to @haejin the donkey.
Because he fucks you, yesterday we fucked him back and took a shit ton of his rewards!
You're welcome!!
To reward you, here is an image of Kim Jong Un taking a poo on @haejin the toilet!
@haejin I see that the end of the graph has an exciting j-curve. Those have a big habit of producing explosive gains in cryptos. If you see any more, let us know, especially in the cheaper cryptos. Thank you. I posted a blog about the J-curve. I'm not posting the link here. It's in my profile, for those of you readers who want to see it.
I think we are finished with the A wave and are in the process of completing the B wave.
for sure dear, its time to rising btc and the genius persons will buy it before next level.
Just break 10k already!
Price looking bullish
I remember it taking ages to get to 10k the lasts time however 10-20k was way quicker ...... I'd take that again !
It seems like BTC has found it's momentum and is no rush haha