Bitcoin (BTC) Evening Update: Different Price Paths but Same Destination....UP!
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SUMMARY
It turned out that Coinbase did not have a malfunction to their charting. Therefore, the below is valid with regards to price and pattern. This morning I had drawn these wave placements and thus far have seen a very nice breakout of the symmetrical triangle as projected and good adherence to the price pathway.
Here, I've updated the Elliott Waves by counting the subwaves of white wave 1 which is almost complete. Overnight might progress with the white wave 2 minor correction and we may awake to higher highs if white wave 3 is started. The target remains at $13,418 or so.
The below is Bitfinex price feed and charts differently than the one above from Coinbase. No matter, since it truly gives meaning to different paths but same destination! The fact that the a,b,c was quite rapid makes me observe that perhaps, Bitcoin doesn't have the Hurry Up & Wait syndrome as bad as the Altcoins. I provide a bit more elaboration of this in the video.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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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.**
Nice work. BTC bounced back quick from yesterday. Lot's of "red" yesterday and today plenty of green. Never a dull moment in cryptos.
Those who panic sold yesterday are kicking themselves.
Where were you in 2013 when I sold some of my BTC in panic...Thank you for your guidance...please do not stop posting...
@haejin, I would say that is the #1 thing you've taught me.... how to NOT panic sell like an amateur lol. I sleep at night while my portfolio is down BIG TIME... Thank you very much Sa Bum Nim
Holding BTC!! Allways up!
Ahem, it's HODLING :)
I sold the last high and bought the dip perfectly! Thank you @haejin!
Kaboom
thank you for bringing this to the genetic level
Looks like the temporal correction is over once again. If you are a long term investor of cryptos, all these short term hiccups should be viewed as normal.
CME news today shortened the BTC corrections! Otherwise, I believe BTC would have had one more correction.
Bithumb
Thank you!
https://steemit.com/bitcoin/@financefreedom/bitcoin-price-trading-technical-analysis-tutorial-volume-spread-analysis