BITCOIN (BTC): BULL FLAG SPOTTED!
SUMMARY
Bitcoin (BTC) has thus far traveresed a correction that can be labeled as abcde (red). IF the purple wave i and ii are complete, then a renewed uptrend is expected.
The correction has retraced a bit more than the 0.382 Fib zone; there is a chance for 0.618; but given the abcde waves; 0.382 is highly acceptable.
The bull flag is very noticeable! The two white parallel lines encase the abcde red corrective waves and since wave e seems complete, a new set of impulse subwaves for purple iii should be starting, if not already. The white waves provide the bullish pathway towards $12,306 or so.
This direction would certainly complete and confirm the Right Shoulder of the Inverted H&S.
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A rising bitcoin will be good for all the altcoins.
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here here.... I've had enough of being down voting by bullies. We need to protect good content writers. Try and get them on DTube... not let them be run off by bullies
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Other than upvoting, how do we share steem coin?
just by sharing it with your fellow steemers. We are steeming
K, thought we could add to the pot
I think you can allocate some voting power so someone else can vote for you and you get part of the payout or something like that. May have misunderstood but pretty sure I've read that.
You can transfer steem or sbd in the wallet.
BTC is about to go on a crazy bull run. This happens every 2-4 months, BTC sets the trend whether its a bull or a bear market. The alts always follow BTC.
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I have more about bitcoin. @@@titanik.jpeg)
@titanik
BTC 30k$ time to go to the moon.
I cannot wait. I have joined the HODL gang despite the bitconnect stuff
Agreed! It's called cyclical!
From the beginning of my blog; i've posted 10 per day as that is my bandwidth in taking analysis requests. When my posts were getting $0.02; no haters complained about too many posts. I did not suddenly ramp up my post number to 10 per day so as to capture more payouts. However, these are twisted to fit the haters' rationale in their own way. Such is the way of this world.
Please double the number if you have time. There are many more coins we would like to have reviewed!
@haejin
In old adage: The taller the tree, the wind will become stronger.
Hopefully your roots run deep enough until this blows by...
You do see the difference between posting 10 times a day at .50 and posting at $450 though right? I mean it probably wouldn't have made much of a difference if you had built up to that number, but you went to the $300 range over night, because of a single voter and stayed there.
This is all so crazy. You know what I don't understand though? You and rancho have communicated outside of steemit. Why didn't you just ask him to come on here and say why he upvotes all of your posts and nobody else. I mean that would have went a long way and it would have been way more effective than having him downvote for you on your side. It probably would have saved you a lot of grief and maybe have even made you some more money. How come you guys never chose to do that?
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I have to ask this question - why does ANY of what you just said above matter at all? @haejin is a tremendous asset to the steemit community.
Because on Steem people are the ones who vote on where the rewards go based on a concept called "proof of brain". When one person with a very big vote upvotes one individual indiscriminately, it looks like abuse. All people on the blockchain are supposed to be on the lookout for it and mitigate it if possible. A little conversation on it would go a very long way.
It's just a joke, MEME. Laugh for one moment while everybody freaks out over the whole situation. Hopefully BTC will go to the moon and everyone here will take good profits - then, hopefully, there will be a lot more reason for people to enjoy life. But, we don't seriously need 3 BTC updates every day. One is enough.
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Amen
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give me vote and tell me if you like it
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Prepare for takeoff fellow stemians :)
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Upvoted :)
FRACTALS
Great stuff. Thank you for the regular updates.
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Head and shoulders spotted on BTC 15M. A completion of this structure puts around 10.5K. Going to set bids around 102K-10.6K since we are still on a higher TF bull run.
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This is correct, I had around 10.7K since Fib retracement should be .5 for this wave.
That would two heads and shoulders. Never heard of it.
Yes, plus there are H&S bottoms still in play
I believe greater confidence is with the pattern that jives with Elliott Waves. This is why I've been combining both methods for over 15 years. It's far from perfect but I failed in trying to use just patterns starting in 1997 and failed in trying to just use EW. Then in 2003, combined the two.
The 15 min chart to me shows more a completed and confirmed wedge. A breakout jives well with the next impulse count on EW.
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Wouldn't this be the correct EW count?
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Unless it's a leading diagonal, your 3/4 overlap isn't allowed.
Yes, diagonals are common in subwave charting, and trying to locate the final end to C wave. Good call on this one. Channeling ABCD is wild, and really thinking outside the box.
Not trying to argue or question, but I seems to recall from reading online that ABCDE often appear at wave 4 or wave B, and should be in triangle shape, either expanding or contracting. The ABCDE mentioned in this post is at wave 2 and forming a parallel channel, could it be possible that this is one of the exception?
Please keep in mind that I am just trying to learn and not challenging.
This is also correct
Cryptos are not the same as equities. There are quite a few personality differences and cooky cutter applicaton of equity based EW doesn't always fit. There are also triangles that don't count as abcde but have the pattern resemblance. Cryptos are very different.
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Thanks for pointing out that cryptos are different from conventional stocks. You mentioned that in your morning video but I forget about it. Learn something new!!
You now that you can increase you payouts fast just using BOTs?