Bitcoin (BTC) Morning: Why is This a Bullish Setup?
SUMMARY
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Very quick summary for Bitcoin (BTC) as I've got a crazy busy day ahead. Much more details in the video. Note the circled clusters of support. When the correct started, there were plenty of sellers and they took down the first cluster with ease. The second cluster wasn't as easy but surely, a significant depletion of would be sellers has taken place. As price now approaches the third cluster, the seller population strength has been severely sapped. Price will attempt to break through but likely fail and mark the bottom of Wave C correction. This is why the bull flag is bullish because with seller depletion, the scale tilts to the buyer side.
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Please we need an update about sbd
hey man chekout my last post : https://steemit.com/spanish/@mg17/sbd-btc-analyzing-with-elliot-waves
Hello, haejin. I was wondering if you were ready to admit that you were wrong since the onset of this flag war and that the flags you receive are a representation of the sentiment of the community and a HEALTHY CORRECTION to your overvalued posts. I would also like to know if you are ready to confirm to your followers some of the allegations (such as collusion and voting abuse) made from the beginning. I think this would be a good step in a positive direction for you. If you'd like, I can help you prepare a statement.
I'm looking forward to a friendly response. :)
Well, I wouldn't call two downvotes on a comment with 0 payout a friendly response.
I don't understand why people call it a Bullshit? WHY? no worries BTC analysis won't be here any more after June 4th so your ass will be searching for some other post to call them out. Flag them or whatever tf you want to do.
Any how wave 1 was around =$3496
so by Fib ratio Wave 3 would be at least 1.618 times 1 so considering wave 2 to retrace .786 it would be 7194+ 1.618X$3496= $12850 which will break that ominous resistance at 12k. but who knows if wave 3 be 2.618 of 1 which means wave 3 will breach $16k and then arrive wave 5 which could take BTC pass ATH.
@haejin could you please do a price update long and short term on Bitshares (BTS)?
Futuristic post! I love the insights, they are really motivating!
I'm waiting for the recovery. I'm bot an expert but being part of a downturn is good and will help me avoid weak hands down the line.
I'm glad to see that your also optimistic about the current set up. i was hoping for a major bull run around June/July time similar to trend shown in the previous 3 years. However the markets have been so volatile i was starting to have my doubts...
I'm a little happier now that I see you predict a target down at $7,000 which is the same as my analysis @haejin
Maybe, this post will be going to trending.
Good post.
These articles are always an awesome read. Thanks for the crytpo updates! They are very helpful!