Bitcoin (BTC) Mid-Day Update: Consider the Upward Wedge Pattern
SUMMARY
For Bitcoin (BTC), keeping the price above the long term trend line is paramount. The below chart's Elliott Wave short term cound still stands and IF correct, the $8k should be tagged.
From an awareness pespective, keeping the below upward pointing wedge pattern would be helpful. The pattern looks very formed so expecting a minor correction would be prudent.
The smaller wiggles and squiggles of short term price could jive well with the below chart showing the subwaves of the D and E waves.
Here is the zoomed out view of how it all fits in as shown in the yellow circle zone:
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
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Tutorial on the use of Fibonacci & Elliott Waves
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i get more excited with each of your posts lately. there is pressure building and lots of positive sentiment. fingers crossed. thanks for your great analysis.
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Here's an addendum to my comments a few days ago guys...people are drooling at the chance to get it...it still isn't that easy to get into crypto, and lawyers are still battling it out with the SEC ans regulators to get answers so their investment firm clients can start trading...this isn't over by any stretch of the imagination...can we see lower lows, sure...but these articles of it going to zero is just absurd...cheers
https://theicojournal.com/morgan-stanley-traders-await-crypto-inclusion-will-be-better-than-sex/
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Plz update LRC ??
I see a big ass descending triangle on his picture...surprised that @haejin doesn't
Because he doesn't have a clue what he's talking about.
I think the opposite...I think he knows very well that the correction isn't over and I bet he expected how deep it's gonna go right when it started in December but he keeps this information away from his followers...at the end of the day Steemit dollars don't stink...
would you please explain how to long and short Bitcoin on Bitmex ?
I like your opinion about bitcoin @haejin
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Now this is what I like about cryptocurrency - however "bad" it gets there's always people who are not only positive but also trying to encourage others! A fantastic quality I say!
Bitcoin will recover, I'm a firm believer of that.
What do you think about this analysis?
Nice analysis. Can you do for TRON?
https://steemit.com/tron/@linko-crypto/trx-btc-tron-correction-in-progress-next-target-400-sats
What do you think about this analysis?
Seems to be a very nice post ... Do you have some advice for how to learn crypto analysis? thanks.
Here is some ADVICE!!!
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Guys do you wan free tokens? I invite you to check this airdrops channel, the channel is continously update https://t.me/gtga_channel
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