Bitcoin (BTC) Evening Update: Bitcoin Has NOT TOPPED! Could the Correction be Complete? Check out this analysis!!
SUMMARY
The theme of this eveinings Bitcoin (BTC) analysis is the following:
Two roads diverged in a wood, and I—
I took the one less traveled by,
And that has made all the difference.
(Excerpt- The Road Not Taken by Robert Frost)
The below chart is my primary count where the correction is not yet over. The blue a,b,c waves show that currently, the blue b wave is completing and that means blue c wave will be next. The sub waves of the blue c wave has been labeled.
The secondary count is displayed in below chart. It shows that the red a,b,c was the zig zag correction and could be complete. This means that white wave (i), (ii), (iii), (iv), (v) will carry the price to a new all time high towards the target of $7,712 or higher. The price currently is moving with much vigor, very much like a wave iii.
What's important is not which count is correct because for both, the destination is the same.
The video has much more details even using fibonacci measurements. What's important is that with so many altcoins undergoing a very high similarity index bullish crouching, the top for bitcoin is not yet happening. I can't see a crash without the altcoins having their day under the sun to geyser run up in their prices. Again, much more details in the video.
Please review these Tutorials on Laddering! and Buy/Sell Setups!. These books: Elliott Wave Priniciple & Technical Analysis of Stock Trends arehighly recommended!
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - d2e60e9856c36f34
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: 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.**
We have approx a week until the HF. Then things get truely interesting. I expect things to start moving more quickly and volatility is likely to increase. I hope you have booked time off Haejin. You are going to be busy.
I Steem to relax! Love doing this.
Happy is the man who can make a living by his hobby. George Bernard Shaw
Very nice!
You seem to love it so you are very lucky. I wish you all the best (and massive profits etc).
did this price movement cancel out the correct ?
Are You Kidding Me???? I'm just going to say again.... @haejin is handing out freaking gold over here. Who else draws up charts like this, and explains it with such confidence and calm???? NOBODY!
Are you Kidding Me?
"And this is not an idiot saying it could go up or it could go down......"
I just laughed my ass off! Good on you, if that's what people think that's all you're saying....
Well, I feel sorry for them. Over 20 minutes of hands on analysis, and you still have to tell
people that! Hahahahaha!
I totally agree!
It could go up or it could go down... It could go up to 28 or it could go down to 24.
Yeah right. 😀
@haejin tells exactly what we want to hear. 👍😎↗
Congratulations @haejin! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPI think we see BTC rise until the fork. After hopefully healthy correction and altcoins to the moon.
good job
Just looking 3 hours chart. This supports your primary count.
Well done!
We may see the head and shoulder by tomorrow?
And Volume confirms that pattern potential.
upvoted
The power of Elliot wave. :) Few hours ago correction is coming after that canceled the prior prediction. Bruuuhahaha.
This is probably one of the most important posts this last half of the year..it is shocking to see all these setups..many smart people are shopping the alts right now...truly an epic point in history guys...of course we could be wrong..thanks for the awesome analysis haejin as always friend...cheers
thank you haejin