Bitcoin (BTC) Evening Update: B Wave Bounce is Due

in #bitcoin6 years ago

SUMMARY

The short term looks to be developing so that the B wave (blue) is in progress. B waves always have three subwaves (red abc). The blue C wave is what might cause some fear as it could bring the price down to $7,800 or so. However, there is a scenario for the price to dip even lower than where it is which means blue wave A is not done yet.

Still, the longer term shows that the abc (red) or the handle portion of the Cup & Handle pattern is still in development. It seems that red wave A is complete and B should provide a bounce. The $7,800 level seems to be the target for the correction and this jives well with pattern and Elliott Waves.

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
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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Once again, BTC (and all the other alts) are taking a beating!

Its time to clean this shithole up!
TOSC_avatar.png
operation @toiletscrubbers initiated.

Just noticed you got flagged by Haejin, you must be doing something right. Followed

No word on the fact that your last BTC prediction a week ago of a breakthrough over $10,000 never happened.

Those who follow you deserve to lose money, which they will.

I see people downvoting this comment but have nothing to say 😂

If I am wrong, explain why?

You want to play? Let's play 😂

nice post

This haejin post has been downvoted, it is a @flagtarget.

READ: Resteeming @haejin's 8th 9th and 10th post of the day as target to be flagged.

They resteem 3 of @haejin's posts a day, and we concentrate our efforts on removing the potential rewards from those three.

Then @flagfund pays "The Braves" who flag those 3 posts every day, as you can see their posts are doing quite well.

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hello, thanks for the TA!
Is it me, or there is another small wave coming down ( on a more detailed look)?, because i see bear triangle
bear.png

Sir why you down vote me i have invested 1.750Sbd now i have only 0.60

I AINT NEVER SCARED! Yummy BTC, so cheap and delicious!!!

No worry about bitcoin, just wait

where the price of steem today decreased

Sunday, May 13th 2018

$2.27| $30.3| $2.09|

Still excited for steemit.. trading btc


True Chain (True)
$2.64 USD (28.20%)
0.00030746 BTC (25.32%)
0.000380878 ETH (21.52%)


Thank you for sharing. I am very afraid that i have Btc in my wallet. but now the price of bitcoin getting lower to lower. 😭😭

Buy some Steem... as this actively developing whale battle should bring its value up to power up more value into the flagging votes.