Bitcoin (BTC) Evening Update: Overnight Could Put In the $8,200 or 0.618 Fib Level; This Level Needs to Hold

in #bitcoin3 years ago

SUMMARY

Bitcoin (BTC) is still carving the subwaves of 5 (blue) of 5 (white) of C (red) of the ABC correction. These waves compose the ending part of the ABC correction. Based on prior analysis, the $8,200 is the 0.618 Fibonacci zone and perhaps overnight this target could be hit. The blue waves have all but wave 5 complete....let's see in the morning how the 0.618 zone holds.

The overall bigger picture is holding to the blue 1 and 2 waves and that the abc red are subwaves of blue 2. We are now completing day 2 of being below the white trend line. Once teh $8,200 is hit, price needs to turn up. In the event price slices right through the 0.618 Fib zone; the Elliott Wave and patterns change to an alternate count which will be discussed in the morning.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.

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This is not very funny. But I do really like that movie.

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Any chance of holding at this higher fib?

Any chance that @Haejin will ever fucking make a post that @RanchoRelaxo doesn't upvote?

No chance.

I see it different and now a rsi bullish divergence reinforce this wiew. But it’s a
Very uncertain situationAF0993D8-072F-4E24-81CE-0F2D839D5C4B.png88D8BA51-4C27-4A65-8582-0D1B2FDD893F.png

Bitcoin's dead. Long live Bitcoin !!!

For future viewers: price of bitcoin at the moment of posting is 8647.70USD

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Every rewards comes from @ranchorelaxo.
@haejin is rewards poll rappist. Stop supporting him. haejin's 80% rewards comes from @ranchorelaxo, 10% comes from self votes and only 10% comes from followers😂😂😂

This market sucks just arbitrage http://arbiswap.com
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how about this case

I'm just here for a share of the curation reward...

They need to check security and have a good support thats helps with maintenance of security. They cant do it alone(the crypto bank). No more hacks.

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Hmmm...4800 here we come?

I wouldn't be surprised. But the question is: "How much time do we get to buy at that level and is it even gonna go lower......................and for how long?"

Nah looks like 6 k again if this dip continues! Everyone saying 6K! I be buying big at 6K though.

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Tron was here!
Leave @haejin we will win! image

Tron was here!
Leave @haejin we will win! image

Tron was here!
Leave @haejin we will winimage

Tron was here!
Leave @haejin we will win! image

Tron was here!
Leave @haejin we will win! image

Tron was here!
Leave @haejin we will win! image

Tron was here!
Leave @haejin we will win! image

Tron was here!
Leave @haejin we will win! image

Tron was here!
Leave @haejin we will win! image

Tron was here!
Leave @haejin we will win! image

Dear @haejin

You have been flagged via the flag-a-bitch app. The reason is you have been found to be Raping the reward pool with a rate of around 2.133% of the reward fund. To add onto this, your TA's are so horrible that a simple check with a mock portfolio will provide a negative value.

The flag-a-bitch app is being used on you because of your consistent blattant abuse of steemit through means of: abusive self-upvoting, collusive coting groups, and disagreement on rewards. Since we deem that you have been damaging the steem economy, we flag you.

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Steemit incentives upvoting him simply because his posts do well, it's a vicious cycle. I upvote every post even though the TA sucks.

How does it incentivise it? You get way more rewards to upvote a post that nobody else has voted on over upvoting a post that hundreds of people and some whales have voted on.

Do you even know how RShares work? No you do not get more rewards by voting on his posts I mean unless you have a fuck tone of MVests and you vote really early on but you simply do not have those MVests

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why are you spamming here ?

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Tron was here!
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I'm guessing the new wave has started. Based on 5 min chart and volume overnight.

Update: Perhaps a bit pre-mature. Still monitoring on the higher frequency levels.

As of 01:11 EST. I’m back in at 8520, but in the longer picture, this conservative buy back may have been the right move. Will it drop to 8200 or below? Possibly, but that’s where the alerts come in right now. I’m still hoping for more of a drop but either way, your posts have been very helpful. Thank you sir, keep up the good work.

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@haejin, Could this be a double top? Would you cover that in your morning update? Thanks! Upvoted.