Bitcoin (BTC) Morning Update: The Capriciousness of Greed & Fear!
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SUMMARY
First, I always try to embed a take home concept in my videos and in this morning's recording, I strongly recommend you view and consider how sneaky greed and fear often take over your thoughts and decision making process. It's truly the esoteric level of a Trader's skill, so don't miss it! (I've checked the audio of the video and its good quality).
Second, overnight price was repelled by the resistance shown by the dotted line. There was a bullish piercing of the upper horizontal line of the ascending right triangle which completed the white circled wave 2. I've included the purple subwaves of wave 3 and ideally, we should decisively breach the upper white channel line. Let's see how the price action during the day plays out!
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: 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.**
Who is looking forward to an EOS update?
yeah most likely ETH !
me
EOS and ETH!
This is only my point of view. Your decisions are your own. It could be like this;
don't know where the fifth went, lol
A handle for your cup, Sir?
Or, top could be in.
sickk
The video is missing..
yep...
Good morning Haejin, ty for the update! How does this look for sia?!
I will keep trying :-)
Maybe the 5 waves up are not correct, was having a hard time where to place them.
looks like a nice cup and handle formation.
https://www.tradingview.com/x/hZuFwY9y/
Thanks Haejin, your are a one of my first checkpoints after coinmarketcap.
Iḿ very grateful.
It will be nice to hear an update on EOS from you!
The video is missing
Sometimes it takes a few minutes to upload the video...
Greed is the root of all evil
Greed is good
Thanks for the info. I really appreciate your work. I'm new at Steemit but I'm following your posts for quite some time. Can you share your thoughts on elecroneum? The price is mooning right now...
Proverbs 1:19 So are the ways of everyone who is greedy for gain. ... Be on your guard against all kinds of greed; a man's life does not consist in the abundance of his possessions.” 1 Corinthians 6:10 nor thieves nor the greedy nor drunkards nor slanderers nor swindlers will inherit the kingdom of God.
Thank you for posting but I can't see the video either.