Bitcoin (BTC) Overnight Price Analysis Shows a Wedge Completion and a Fractal Correlation

in bitcoin •  2 years ago 


Overnight price action is showing that the downward action could be near complete, if not already. Price should start reversing up and if it reaches the white horizontal Neckline; it would be ideal for the Right Shoulder (RS) completiong.

The downward wedge looks complete but not yet confirmed. Price has already started turning and the breach of the upper blue line would confirm the wedge pattern. Often, wedge breakouts exceed its starting points.

From a fractal perspective, here is a chart you haven't seen in a week. The yellow boxes show a potential comparable positioning of each.

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.

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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  ·  2 years ago Reveal Comment

I agree with your expression. but for me this information is very important. so I would be grateful to have been willing to share knowledge. meaning anything you say I will remember. I am sure it will someday I will need. thank you

When bitcoin price will be $12,000 again?

Take a guess at what BTC price is next week :)

  ·  2 years ago Reveal Comment

Thank you @Haejin. Bitshares (BTS) is breaking out isn’t it?

I think Bitshares(BTS) is getting really close to a breakout. As of yesterday - it was 7 Day UP, 30 Day Down and 365 Day Down in my ways of analysis. I'll do an analysis and publish the charts on this one tonight. A good day today and it might flip the 30 and 365 Day indicators... All depends on where it closes today.

The opinion of course, as a consideration in doing a proper transaction action, thanks for the information submitted and will learn other information

Great always. I think looking at some recent Bitcoin fundamental developments is important. We need to understand what has happened over the last few days...and what will happen. I've also got a slightly different TA count. Let me know what you think. Thanks...

look close with an open mind with what these people are doing with open source Ethereum ERC-20 smart contracts, decentralized exchange and passive income.

This bearish 🐻 market tests holding poewr of people and they sold that time when bull run will start. So hold your crypto.

Congratulations @haejin, this post is the forth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 59 and the total pending payments to posts in these categories was $2866.56. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

onek sundor post

good post about are a good post provider.good job

Anyone can afford to buy 1BTC at today's rate just by buying 0.02 BTC per week every week -- only $175 a week invested and in a year, assuming prices are stable, you'll own 1 BTC.

Nice photos. they deserve an award. It is very nice. great work

Good analysis. Please come to my blog and read my opinion. Let's think about various possibilities..

hmmmmmmmm waooo good

grafico 1D.png

Hi, good way to analyze, in my opinion the daily chart all the price are below the famous moving average of 200, that is to say that a change of trend still would not confirm it.

grafico 4h.jpg

In the four-hour chart the price seems to have a small correction, but there was a triple-crossing of moving average, also called the TRIPLE CROSSING OF DEATH

grafico 1H.png

The 1 hour chart, confirms a small price backwards

I would expect to see the price action to determine if the correction turns into a trend change and crosses the average of 200 in the daily chart and thus reaches the important double ceiling that weeks ago could not break up.

thank you~

Thank you for sharing your time and energy with all of us. You could very easily be keeping all you opinions to yourself. I find charting very interesting. :)

Make sure you downvote all of @Haejin's scammy post!!!

Screenshot (85)_LI.jpg

Hgin You should stop your SCAMS NOW!!!

It's only meant for use as informative or entertainment purposes.

Haejin You do not provide any entertainment. I brought you some.

@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.



nice post

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 141.58 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".