Bitcoin (BTC) Morning Update: Weekend Could Breach the $10k!!
SUMMARY
I believe this weekend could be the time when Bitcoin (BTC) breaks the $10k barrier. I also believe that BTC will continue following Ethereum (ETH). Let me explain (the video as more details).
The below chart of ETH has been updated to show that it has reached the top of wave 3 and has started correction into wave 4. There is the scenario where the wave 4 correction already be almost complete! But, for now the below ABC is the primary. The blue waves are the subwave of white wave 3 and thus confirms the higher degree of trend count.
Following this minor correction, ETH should continue chugging up towards $832 or higher; during the weekend. Now, IF this is correct and the scenario plays out; then expect an intermediate sized correction after the 5th wave is placed. More on that during this weekend.
So, Bitcoin (BTC0 is almost done with the white wave (3); since the blue subwaves, are not yet complete in its motive. The weekend would probably generate the minor wave (4) correction and then higher to breach the $10k level. Expect a good, healthy correction afterwards.
Let's not lose site of the longer term perspective as shown below. The Cup & Handle pattern, if completed, would be wildly bullish for Bitcoin!
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!!
--
--
Bitcoin double-top breakout, price target $12,573
Dear Haejin,
Would you please do analyses on zil/btc - looks like very promising coin with amazing team behind.
Thank you.
Sincerely,
Your subscriber!
25000 $ by December
@haejin what happened today? I have been reading something in some discord about peoples Authorizations being hijacked and their accounts being used for 100% flagging you.
Is this true? How is that even possible?
Thanks
After 7 days... BTC at $8,270
So much for breaking the $10,000 barrier over the weekend.
Haejins predictions are terrible, just go back and compare his predictions to what actually happened.
Always interesting to see what happens at those nice round numbers. Psychological barriers ... bounce off or break through... let's see
Check the condition and break the previous top
I expect a good daily closing above the top
hi @haejin! had my time off and im glad to see the markets looking perspective again! guess I'm going to wait for BTC and ETH to top out and then fill my bags after the retracement :-) Are you full bullish by now and how high you assess the risc of another major dip?
Very nice and beautiful post...And i thing the value of bitcoin will be increased within 1 weeks...and your article was umderstandable
Coins mentioned in post: