BTC update 24.02.18

in #btc7 years ago (edited)

Wave b of B seems to be completed as well. BTC should be able to rise significantly in the coming hours and hopefully bounce in my SELL ZONE.

It should look like this:

T3AsLCaN.png
APNyvdxQ.png

Wave b could drop a little lower like 9,750$, but it would not change anything about this count. Either way:

This count seems to be very obvious. I like that, because the more people are able to discern that count, the more likely it is to actually happen. This is why I like easy and obvious counts like this... Stay tuned...

UPDATE: This count is likely slightly wrong. The coming low will be the end of wave A, then after wave A is done the same thing applies. Waves a,b,c up are next.

image (5).png
If you think this to be useful information:
DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif
image (5).png
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
image (5).png
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.

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BTC around $9750 now...you did some nice analysis work there.

Hello @ew-and-patterns,

The price has just hit 9750. Do you think it will bounce to 11k today?

Thank you very much!

Not today. Tomorrow or on monday.

Hello @ew-and-patterns,

Just read your update, so you meant BTC price will drop lower than the previous wave A (around $9750) then up to wave a $10300...

Thank you very much!

Within the last 14 days I have witnessed BTC rise and fall at free will but the most visible clue is the joy it offers to potential investors. In my opinion I feel this is the best time to invest. What do you think?

I completely shared same graphic yesterday :) bit much details.

Thanks for your helpful analysis. I'm actually working on putting a post together to help new people understand charting. If you get a chance maybe you would like to add your thoughts:
https://steemit.com/bitcoin/@marcuswahl/best-website-i-have-seen-for-learning-basic-chart-analysis-beginner
upvoted!

Hello, I'm new on this. Can wave C (red) be lower tan wave 1 (yellow)?

Yes it can. But it cannot breach the starting point of yellow wave 1 (called wave 0).

Thanks for your answer!!!

Count seems ok. B also seems it has been completed at 10.5. almost as High as b, came too sort. Not sure waht eliot said for ABCs

enjoying & awesome!

I don't even know anything about these charts.
Wish i knew

good info. place an idea about upcoming price of SBD