Bitcoin (BTC) Mid-Day Update: A Pathway to $12k Could Look Like This
SUMMARY
The wedge I had shown in this morning's update had price breakdown below the lower support line. Price has been rising and now is hitting against the belly side of the wedge pattern. Price can be repelled by the lower blue line and that is yet to be seen.
Closeup shows a serires of downward wedges and each resulted in a move higher that the prior peak. What's interesting is that these are all contained within the larger blue upward wedge. The current breakout is showing strength and the blue Elliott Waves show a projected price pathway towards $12,112. That would mark a higher high at a daily scale. More to come in tonight's evening update!
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looks like a nice fakie
Bitcoin is TOAST. End of story. It's proven that it cannot handle the workload. It will do it's best to stay over $10K, but eventually drift back to zero.
buy silver now,,,see my recent post..re: China
Workload and Network Effect are two very differenct concepts. Bitcoin overules all coins on the latter.
Raping the reward pool & earning your rewards are two different things also.
Be aware that this is a conspiracy thinker. He's already yelling for over 2 years that everything will collapse.
Thanks for sharing this update
I've heard those lame comments from so many of his followers. Get some new material.
Ah crap. Haejin predicts bursting through $12K. So BTC is doomed to sink into a $10K handle again.
Please @haejin, be more pessimistic on BTC, it will be the path to a great rise.
Love the BTC updates from haejin the most!!! Thank you sir!!!
Hanging man at the top of our long standing channel. Not great.
https://steemit.com/bitcoin/@stew/until-we-hurdle-11-8k-i-m-still-bearish-here-s-why
The fractals are so clean, sometimes data can be beautiful !
LRC BRD update plz
Always looking forward to your Bitcoin updates Haejin.
Here is how I see USD going down, priced in Bitcoin :)
It had a full EW up, but I don't see it going once more
@thedolphin
The abc is good. I guess the lower low scenario is your alternate?
It is actually my primary, as I think Bitcoin is going bullish.
USD fell just after posting this failing to break the channel.
Is this preschool? You always talk about ABC & 123. Cat & The Hat stuff. Come on get to 3rd grade level for your followers.
Stop pillaging rewards.
Stop scam.
Don't post same shit every hour.