Bitcoin (BTC) Evening Update: Impulse waves 1,2,3 and 4 complete. What does this mean? Check out this Analysis!steemCreated with Sketch.

in #bitcoin • 7 years ago

SUMMARY

Bitcoin (BTC) did a quick bullish piercing of the support line and came right back inside to start impusling. To that end, blue circled waves 1,2,3 and 4 seem to be complete and so we should swing back above $6,000 with blue circled wave 5. These will be the subwaves of white wave i and so a correction for white wave ii should then be next as shown in below chart.

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BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
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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.**

#altcoin #cryptocurrency #blockchain #money
7 years ago in #bitcoin by
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     7 years ago (edited)

    Haejin, It seems to me that I've found something. Please tell me what you think.
    Haejin2.png
    Today I looked at prices and I've found some similarities:

    1. Wave volatility decreases and it seems that we have more and more troubles as we go higher.
    2. Price movement becomes nearly vertical and very fast, and we know, that this is an indicator of an early end.
    3. Bitcoin loves head and shoulders pattern, and today we have very similar thing. And if prices go lower, then we can expect $4800.
    4. Volume increases when we reach the 4th wave and decreases, then becomes red when we reach the 5th.
      If history repeats itself, then now is the perfect time to short Bitcoin.
    [-]
     7 years ago 

    Hi @haejin Congratulations once again congratulations my good friend your pictures are awesome and very is very good post too great is your pictures I liked so much that you always upload such posts and pictures

    [-]
     7 years ago 

    I wish you MASSIVE profits!!

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    4 votes
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    [-]
     7 years ago 

    I wish you MASSIVE profits!!

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    3 votes
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    [-]
     7 years ago 

    i am concerned...if there is something that can stop BTC in the future !?

    [-]
     7 years ago 

    Technically I think we should go down. But those friendly BTC forks are designed to create free money and boost price. We all know so it will beat all charts. I don't think there is a point wasting time on BTC charts right now we all now "when there is a fork there is a way" for price to increase lol!

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      [-]
       7 years ago 

      very informative

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        [-]
         7 years ago 

        Can I buy you a new microphone?

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          [-]
           7 years ago 

          LOl! Thanks but I have a better headset at home. Audio should get better Friday night.

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          3 votes
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          [-]
           7 years ago 

          Hello Haejin, thank you for the update on BTC. I have been following you for a while now and learning every day. I hope I can post a coin request here. I was looking at MTL chart today, trying the ElliotWave theory. It looks like wave 3 has just started. Could you take a look at this coin please? Maybe my count is off as shown in the little chart.
          MTL_wave_3_start.jpeg

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            [-]
             7 years ago 

            I think the BTC trend will be bullish up to the end of the year. The same was for 2016...

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