Bitcoin (BTC) Evening Update: BTFD the Upcoming Correction!!

haejin (87)in #bitcoin • 7 years ago (edited)

SUMMARY

Bitcoin (BTC) day time price action meandered as shown in below chart. However, I've laid out the white sub waves and the target of $10,254 still holds.

This $10,254 target is equal to the below purple wave 3 and the wave 4 would be where the correction destination would be. So, it could be a $1,000 correction or less. So, BTFD! Anyone who has no cash left to BTFD, watch the video on what to do.

Bitcoin Cash (BCH) is making symmetrical triangle fractals..bullish!

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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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.**

#cryptocurrency #blockchain #altcoins

7 years ago in #bitcoin by haejin (87)

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unlockrs (54) 7 years ago

So you don't expect BTC to correct down to a range of 7500-5500?

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pbgreenpoint (68) 7 years ago

I see a lot of people stating that once BTC passes $10K, it will correct and it could correct all the way down from a range of $5500 on the low end to $8200 on the high end. Looks like you charted out a correction as well. Buy the dips!

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grizgal (55) 7 years ago

still seems to be consistently bullish which is great news. It’s been quite a trip over the past few months and by the sounds of it, we still have some way left to go!

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jvid (25) 7 years ago

If Bitcoin go to 10,200, BCH go to more down, maybe to 1450dlls ....or less

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lexiconical (72) 7 years ago

And you base this on, what? Nothing?

This is the opposite of what has been predicted and what will happen.

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astonmartintk (41) 7 years ago

Hi, Heajin. Nice analysis. However, I have a question regarding the wave number. Many of Elliott Wave analysts consider it is V wave we are coming to but I notice that you wrote it is III. Could you explain what your analysis on that? Thanks!

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solisrex (67) 7 years ago

Haejin combines Elliott wave counts with chart pattern recognition, to achieve far greater accuracy. Please review the tutorials at the bottom of the post.

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