Bitcoin (BTC) Morning Update: Wave iii Target $7,916....The analysis is in this blog!!
SUMMARY
Bitcoin (BTC) overnight made higher highs and broke out of the mini bull flag. I've updated the Elliott Wave count so that now the Wave iii target is $7,916 as shown in below chart.
I believe the MACD should make newer and higher highs and touch the upper white trend line. This would enable continued higher highs in price.
The note of caution I would show is the below fractals of an upward pointing triangle. This could bode that a correction is due and that makes sense.
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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.**
Many thanks Haejin!
Great sir.
Thanks Haejin.....very informative. How do you think Segwit2x activation will affect Bitcoin and more specifically altcoins?
I don't know. That's a fundamental analysis. I do know that a news or event shall arrive to justify the Technical Analysis.
Hello sir finally on steem stern , hidden but visible dragon crouching tiger on a bike with a h bomb attached 🤓
Thank you Haejin... Seems the higher btc goes the lower the alts go. It makes me wonder how they are ever going to change direction while this is happening? Lower and lower lows!
Decent Alts such as BTs and EOS are doing well.
It's the phasic and non-phasic alternations between BTC and Alts. The Alts are expecrted to surge and pops are already happening; eg bch, bts, eos, etc.
the mommy is feeding from the childrens! like a virus spreading! haha!!
Definitely a sketchy ride at the moment...
So the "Danger Will Robinson" possibility still lurks in the background? Or fairly "comfortable that will ride to $7,000+ range?
Must admit! These forks are helping BTC immensly. I still truly believe a correction will be site to behold!