Bitcoin (BTC) Evening Update: Symmetrical Triangle Pattern Near Completing C wave; Leaving Waves D and E Next
SUMMARY
With today's price decline, Bitcoin (BTC) is now closer to completing blue wave C. The below chart shows the proximity of price to the lower white trend line of the triangle. IF correct, price should bounce off the support to put in blue wave d. The bottom support line needs to hold against a decisive breach. The bounce would also allow the white MACD line to start curving up.
The wedge pattern could be almost complete given that the blue a,b,c,d are placed and e is at the terminal end. The red abc show that C's subwaves have probably one wave 5 to go. IF the bottom line of the wedge hold as support, a reversal or bounce should take place.
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?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
Technical analysis certainly didn't predict Google bending Bitcoin over and having it's way with it!
Actually it does predict things like this. What can not be predicted is last minute changes in the quantum field. Nobody can predict the future because that would mean that the future is predetermined and if that is the case then NONE of us have freewill.
Only brained entities have free will.
All others are part of the herd.
BTC will bounce back from $6666.
Source: Straight from God's snapchat.
I NEED MASSSSSSSSIVVVVVEEEE UPVOTES!!!!!
lol well fuck off I don't have any. a laugh is all i give you.
HI My Goldfish Died Today. Can I Get A Few Upvotes?
TA has no use in crypto..hes using analysis from a different paradigm....Old price is no way an indicator in crypto..Its going to go way down..Is he telling people that with his borrowed graphs??
Haejin predicts everything with his Technical Analysis, he is a God :)
Lol, I am kidding but he did actually make me aware of the falling wedge which I had not seen by myself and it does look legit:
Wow I've never seen a post blowing up like this before. @haejin are you the president?? Thanks again for the education. I remember you did mention BTC in the $7K zone. I'm learning a lot stunner..
second :)
Only putting my money into arbitraging http://arbiswap.com
how's that working out?
HI LETS HAVE FUN!
YOU DON'T LIKE FUN?
LOL
Thanks Haejin,
This is what I got, just a general look at the downslope (weakness) of the CIHSB.
first
P.S.If we are able to consecutively go green for the next three days above last months 24hr closing avg - the correction is finished. If not, we will be seeing lower lows. Next target from here 9.5k in the next 2 days! then 13k by the end of the month! (Just my opinion looking at last month's numbers and comparing to this month Screen Shot 2018-03-14 at 11.55.26 AM.png
BTC WILL GO UP RAPIDLY ON 17TH MAR !
LET's GO!
Because of some fud's and recent ban from Google for advertisement of cryptocurrency - probably bitcoin will test 6000$ again (RSI 1DAY CHART, MACD & because of continuous fall in volume ) hope for the best
LETS PARTY
You have discussed nicely. If you can put a video, the matter would be more attractive and interesting with easier understanding. Next time we shall wait for a smart video. Thank a lot for this post.
Nicely interpreted. Thanks for sharing
I NEED MASSSSSSSSIVVVVVEEEE UPVOTES!!!!!
Leaving comments asking for votes, follows, or other self promotional messages could be seen as spam.
Your Reputation Could be a Tasty Snack with the Wrong Comment!
Thank You! ⚜
Your response to my comment is SPAM!!!
That's discouraged by the community!!!
I hope you are cleaning that off in between uses - you could spread infection