BITCOIN in the last 24 - BITCOIN3K - Last Oppotunity before 3k - #Trading 009

in #bitcoin7 years ago (edited)

zoomedBTC160617.png

THIS COULD BE THE LAST OPPOTUNITY TO VALUE BUY IN BEFORE 3k breaks, this time closing above.

Yesterday's chart showed a diferent channel from today. Price action indeed decided to go for a lower price closer to our Final Support which represents a good buying opportunity for many of us!

In elliot wave counting, we assumed we were in e wave yesterday, as you know, wave counting is one of the hardest tool to use as it is subjective. 10 Guys given the same chart and asked to count the waves, there could be 10 different wave counts.
I have updated the new wave count in the channel. We could be approaching the final wave before a higher high.
What does this mean, this means 3k region will be tested and rejected once again, presenting another buy oppotunity at the "e" . The yellow lines are just a rough scenario that will happen, definetely not in a straight line.

In conclusion, we could be in the best region to buy now, expecting a pullback to buy again at 3k region.
We want to remain bullish if the final support is not broken, the final support will be updated to point "c" soon if we see a move forming a higher high.

Full chart, unzoomed here

For my steemians that are new here, I chart and update possible scenarios. Anyone telling you they can chart once and that will happen definetely, you have to link me to him/her. Over the years, charts to me are constantly updated as price action forms new scenarios etc, if you are trading on my chart and expecting guarantees, you will be disappointed for sure. "Triangle formed yesterday cound most definetely become a rectangle today" But I will always point out the highest probability scenario to you.

Happy weekend!

Disclaimer

*I am not a guru...
*These chart and infomations provided are my personal view and ideas on the market, use it at your own risk.
*Trading is risky business. You and only you are responsible for your trades. Do trade with caution.
*Trade with money you can afford to lose, not the money you and your family needs to survive on.
*Trading is all about consistancy, there is no holy grail that takes you straight to heaven.(let me know if you have found one)

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That's a beautiful chart!

It's just amazing how different opinions we have http://www.marketwatch.com/story/stay-away-from-bitcoin-its-complete-garbage-2017-06-15. To be honest I also think that price is going up.

Hello steemfluencer! Thanks for commenting, I am expecting it to cross the 3k region again before a powerful retracement. I am not saying that BTC is going to be worthless etc, but it needs a natural market correction, all that goes up must come down! I am still long run bullish for crypto(:

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