Bitcoin (BTC) Evening Update: Short Term Target is $12,112 to $12,306
SUMMARY
Price has risen nicely out of the third consecutive wedge pattern. Just earlier, a higher high had been logged. The white waves show a probable impulse as subwaves to the blue 3. This coud occur overnight but to travel to $12,112 as shown below will likely take a few days.
Let's not lose sight of the longer degree of trend. The Inverted H&S (IHS) is complete and likely to be confirmed with overnight price action. The white waves outline a target towards $12,306 for wave 3 and $13,157 for wave 5. The larger target remains $17,655 and the higher degree of trend Elliott Waves to reach there will be reviewed in the coming days.
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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Go up go up bitcoin.
I have all my little investments in bitcoin and waiting for months to see it again crossing 15k
#Haejin "I'll do my best. My bandwidth is about 10 requests per day."
#Steemit Translation: I'll do my best. I can only get paid for 10 self upvotes per day.
I am the true cryptogod!
My TA will bring you all riches. Fuck this imposter, I am the true leader.
Haejin sucks, so follow haejinsucks!
Everyone go look at my firecoin projections here
Increase from $1.76 to $2.27
Do us all a favour pull the power cord from ur pc and hang yourself on it!!!!
I think we should predict long many experts are of the view it will touch $100000/-. I am waiting for that day
lol...
$17,650 seems to be in sight... let's see if we can touch it by the end of March.
This thing is a frigen beast
LOL! BTC is like the terminator....refuses to go down and keeps coming back no matter what!
Warning: Stop trying to silence minnows. Leave everyone with a below 60 rep alone or face the consequences. They have a right to dissent. Merely speaking out against you does not warrant flags and demolition of their reputations. Desist or face the consequences.
https://steemit.com/stewardsofgondor/@iknowwhoyouare/patience-a-plea-a-simple-how-to-and-hopefully-i-will-need-to-go-no-further
If you don't like Haejin's posts just mute him... I am muting you and other similar posts. it's easy.
Those bots do not have such option.
Hi @twernli, it's great that you commented to me. Built into the STEEM blockchain is a protection against reward pool abuse called a 'flag' which can be used for disagreement on rewards. This function enables the STEEM community to prevent abuse and scams by taking away potential rewards before the 7 day payout.
Many in this community disagree with @haejin's potential rewards as most of his rewards come from one account >> @ranchorelaxo. Because @haejin won't accept our disagreement of these potential rewards he conducts revenge flagging on small accounts simply because they are speaking out.
If you'd like to know more, I'm open to conversation.
Muting doesn't actually stop the problem. The issue isn't that we don't like his posts, we take issue with the fact that the vast majority of the rewards allocated to his posts are dedicated votes from himself and one other user. We are all (meaning every Steemian) voting on how much rewards each post gets. The act of downvoting is not an attack. It's a simple declaration that we believe that some portion of the current voted rewards would be better spent elsewhere. That sentiment shouldn't be punished. Nobody is entitled to any amount of rewards until the voting period has expired. Haejin is paid handsomely by the reward pool, but we are looking to allocate more rewards to the average user putting out good content.
Current Steemit "system" is build and works like that. Maybe you should fight with Steemit Inc. instead?
Not sure what you're talking about. If you're talking about the function of the rewards pool distribution, that's not steemit inc. as that's a function of the currency itself and would have to be changed via a hardfork and buy in from the 20+1 witnesses.
If you mean the mute function, I have no problem with that functionality and see it as a useful tool. I just don't see it as a solution to this current problem.
If you are calling our downvoting a fight, I think you might be getting the wrong picture. This is how Steem is supposed to work. It isn't fighting. We all have the ability to collectively decide where the funds in the reward pool go. We do that through positive voting and negative voting. the funds are not allocated until the end of that voting period. It's not fighting, we are just placing our votes.
My personal reason for voting this way is that I do not feel the rewards for these posts to be an accurate reflection of the community at large as the majority of their earnings come from two individuals and their current take has more than rewarded them for the content they produce and trend. Since 09 December, 2017, they have been rewarded, by conservative estimates, more than 492,318.47USD. That figure is based on the current SBD price which is about the lowest it has been during that timeframe. It also doesn't take into account that the percentage of SBD payout differed during that timeframe often paying as much as 85% SBD which would have made the USD dollar value of those much higher. It could easily be triple that number. .5 - 1.5 million in three months? Yeah, I think they've done pretty good for themselves.
It is hard to talk to a wall - when everybody listens only to themselves.
There was a limit invented so that there are only 10 powerful votes per day available. Everybody is using it and do not complain, but somehow you are different than others.
Fight with the root cause and not the consequences.
You say downvoting isnt an attack please read this im very curious how else you want to call it
https://steemit.com/steem/@mattjack/censorship-on-steem-platform-proposed-by-witness-bernie-sanders
I would call BTC the 'soul' of the crypto world. And the soul never dies.
It's Gold v2.0 or just digital gold.
It is the mothership ! ;)
This remind me of you @Haejin. Those jokers keep coming at you & you keep kicking their ass. You won't stop can;t stop. No one can defeat King Haejin!!!
Hail Haejin!!! Heil, mein Führer
idiot..
Excuser me
No one likes glorification of Nazis.
https://steemit.com/steem/@mattjack/censorship-on-steem-platform-proposed-by-witness-bernie-sanders
Please read and take action
Great update! thank you
Users, please, flag the uneducated trolls, they are ruining this platform with spam. To do it, press the flag symbol at the right side of their name, then "Flag"
Also report spam at https://steemcleaners.org/abuse-report/
Team @ranchorelaxo thanks you for your service!
https://steemit.com/steem/@mattjack/censorship-on-steem-platform-proposed-by-witness-bernie-sanders
Please read and take actcion as feels right
Is there an upper resistance line? I believe it will get tough around the 13.3k mark again before breaking more bullishly @haejin
Now I wonder how interesting bitcoin price will turns out to be! As i have only some altcoins I hope bitcoin price goes up and goes up! So that altcoins also go up to moon 😊
Spam comment here. Edited