Bitcoin (BTC) Morning Update: Short Term to Long Term Scope
SUMMARY
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Bitcoin (BTC) overnight price action has pinned a lower low and is closer to the 0.78 Fib level. The below chart shows an updated Elliott Wave count of the what should be the last remaining subwaves of red wave C of the ABC correction. The purple lines show a small bear flag that got confirmed by price going below the lower line. If the white wave 3 is in progress, we could see a decline towards teh $6,800 or so zone. Remember, awareness keeps the panic away! More details in the video!
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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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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I'm ready for my buy orders to fill then lets get this rocket ship lifting off again.
your idea it really nice and valuable but i think the technical analysis can not work for crypto,now FUD makes role to make the dip price. thanks for sharing good idea
Good T.A always can work at any market.
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Thanx for info
You have a minor misspelling in the following sentence:
It should be the instead of teh.who really cares?
Looks a lot like an ending 5th wave diagonal to me.
I see a lot of resistance between $7,200 & $7,000 and sellers are just about out of steam.
Nice!
I've marked it a bit different at the end.
There is a meeting Long term support line and downward channel
https://steemit.com/bitcoin/@zobiyen/bitcoin-btc-long-term-support-line-meets-with-downward-channel
look at the power of whale account @ranchorelaxo ... this post posted 5 mins ago, have total 9 votes, and already 179$ ... except @ranchorelaxo none of the other account has much steem
this has been going on for awhile. Steemit is basically used for whales to up vote each other for massive profits.
after another 342 votes, he got only 189$ .... so without @ranchorelaxo he wont make more than 10$ per post.
and look how haejin is taking you to his C wave at 6500 now, since he first plotted it at 9000 ... 500 points at a time ... LOL
well if you keep changing the TA you can never be wrong. And when it finally is correct we will get a "BANG! Hit target with precision"
it changes as time goes by. The price targets on the way up will go higher because of the deeper correction.
yea time is the bitch... but from 9000 to 6500... not too shabby... lol
and how confident are you on a scale of 1 to 10 that the price will go higher because of deeper correction !
Very good my friend
Posting good
I like
SIEMPRE PUBLICACIONES DE CALIDAD...
Hi Haejin, looking forward to bitcoinlive.
Could we get an update on Verge please? Looks like it's approaching the bottom. Would like your thoughts on how much further.