Modified BTC Wave Count | PLUS: Elliott Waves & Music, Two of My Favorite Things
Tuesday Morning Modification to Daily BTC/USD Wave Count
Okay, so now that @ew-and-patterns got me started with an off-the-cuff analysis of BTC/USD, I can't seem to go more than a few hours without looking at my charts and reassessing my reflexive interpretations.
Needless to say - that will all of the recent market turmoil in both crypto's and the legacy financial markets, I've been paying even closer attention.
When I awoke this morning, I had to reassess the near 70% price decline in BTC/USD, and in doing so, I have modified my daily linear chart accordingly, replete with ancillary price targets and "risk-of-ruin" trajectories.
Since week 71 of the Open-Mic contest is in full swing, I do not have time to explain the modifications with words, nor do I have the time to do a video "Chart-Cast." However, I thought it prudent to release the chart ASAP, and then revisit/update it with a Chart-Cast video come Saturday or Sunday.
PS. Right-click the chart image and open in a new tab to render full-size
Until then, check out this cool video, which links the tenets of Elliott Wave Theory to the types of popular music the masses gravitate toward during shifting social moods.
Sure is a nice chart. I like some of it, other parts I could do without. lol
I urge you to continue with your TA posts. What I really appreciate is the time you take to explain your rationale, and outline alternatives. I believe this separates you from most technicians posting on steemit. I have been following @ew-and-patterns as well as another analyst for many months. I won’t name the other analyst because his posts have recently drawn some really ugly drama which has actually really turned me off of steemit. If you are unaware of this drama you should consider yourself lucky. However, his posts, especially taken cumulatively, have been really educational particularly for a complete novice like myself. I put your posts in the same category, so thank you.
Thank for the encouragement and kind words, @cannonball6. Yes, I am aware of said drama and read through some of those threads. Yes, it's a turn-off for sure and I instinctively distanced myself from the prospect of cordially attempting to engage in a meaningful exchange as I've done with @ew-and-patterns - who is cleary a very cool customer on many levels. Thank you again for your encouragement!
I really appreciate your work.
Oh...video is better :)
hello @passion-ground sorry to bother you !, I need your help, luzcypher I jump my entrance of the week 71 and mount it many days ago, I know that luzcypher has a lot of work, also contact verbal-d and he said the same, I'm just nervous that my composition will not participate since today is the last day, please help me https://steemit.com/openmic/@jetperalta/steemit-openmic-semana-71-cancion-original-como-decirtelo-por-jetperalta
I have passed along your message, Jet. You sound good here, friend!
trank you very much!