Bitcoin (BTC) Evening Update: Too Many Gloom & Doomers!
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SUMMARY
NOTE: Still on the slopes! Not able to post a video update.
I still see people panicking and calling for Bitcoin's crash. I believe the Fractals are still in progress. Both Fractal #1 and #2 display an expanded flat a,b,c correction which is likely complete. There is an alternate count for a lower low where the C wave could reach as low as $10k or so. If this becomes the case, then a Zig Zag of 5,3,5 labeling would be justified. There are still a good number of analysts calling for a doom and gloom scenario....not me!
NOTE: If this blog gets downvoted; @ranchorelaxo has our backs!!
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.**
Cheers! Here's to more wild swings in the future! The higher BTC goes, the more I will diversify!
@haejin, I have never seen a post from you on ZCL (Z-Classic, soon to be Bitcoin Private)?
I think BTC had open doors to many other uses for altcoins. Check out this new XAR (Xarcade) coin for the gaming platform. Delevopers and gamers benefit from this. DSO or discounted sale offer happening in about 5 hours. Check out my post at: https://steemit.com/xar/@yomaicoin/xarcade-xar-blockchain-for-gamers-and-developers
You are voted up.
We have a lift off in Verge - XVG...
this is just FOMO, the real fireworks will be tonite... a wraith release could send this, as mad as it sounds, to 70cents.
wraith...what a disappointment...these developers are slowly killing their project
Bought last night at 1088 :)
love my verge
my last post contains a free gift Happy New year everyone!
Congrats!
Enjoy your time off!
here's hoping he's right!!!!! Come on 2018!!!!
So, am I reading your chart correct - we should be over $20,000 after January 8th, 2018? From that graph, it also looks like we'll be around $15,000 early January 2018 (2nd - 3rd)? Reference Link.
One suggestion: bigger graphs or links to bigger graphs. Had to do a 200% zoom in.
Copy the image and paste it into a paint application, then zoom in - the resolution is high enough, steemit just lacks the ability to magnify.
In fact to be able to read efficiently graph you just have to zoom in your browser. For exemple in Chrome just clic on Ctrl + '+' ! :)
But why would I do that, and zoom back out to carry on, when I have all sorts of apps running in the background, saving the worthy stuff to disk to look at it later ?
Could you please do a update on this beautiful token called EOS?
its about to explode, bernie has crippled my account with down votes so cant uplaod a picture but pull up trading view and zoom out to all year....massive cup and handle pattern. If you upvote some of my post might be able to upload. Wishing you massive profits in 2018.
BTC
BTC too, just published at my blog. I think this will be a real new year rocket :)
Same count.
Nice chart. Why do you push down below 9k since your H&S height gives you 9k? Also I think wave 5 cannot be the longest, wave 3 is the longest.
Wave 3 does not have to be the longest. Can never be the shortest.
H&S pattern not exactly confirmed by volume, and is usually minimum target, so my primary is extended fifth, fractal of wave a.
Wave 3 cannot be shortest.
good time to be in usd then ???
I'm with you brother. What are your thoughts on my post https://www.tradingview.com/chart/BTCUSD/kaUi5esz-Correction-fractals-between-BTC-and-ETH-across-time/
There are too many similarities to ignore IMO.
If we hit the Segwith2x low then generaly Bitcoin is on the way to make double top in range $5300 - $22000. Double top will set Bitcoin long term in ranging market with possible crash bellow Segwit2x dip. I think that reasonable bottom will be around $10k.(See #23)
You guys do to some degree realize that you're creating a self-fulfilling prophecy, don't you ?
Market price is determined by volume, and everybody staring at bitcoin ooo-ing and aaa-ing will of course not make the volume grow... there are no 'values' in existence except those that the delusional human mind imagines. Try talking it down to 4 bucks, I'll be glad to buy ;)
Good reasoning! The same as I have in #23. Your target is even lower then mine. I think a bottom will be around $10k ($9600 precisely).
Happy and healthy New Year to you and your family @haejin ...may 2018 bring MAAAASSIVE PROPHETSSSSS!!!
If this blog get downvoted, does ranchorelaxo have our backs?
Each and every time...ya heard?!! :)
lol