BTC update 11.02.18

ew-and-patterns (70)in #btc • 6 years ago

Wave B seems to be done now. My new target until friday is 10,000$ - 10,500$ BTC

The trendline was breached a little, but we have seen another fake breakout in wave b of B and the decline in wave c of B that followed. Now wave C should be next.

I am happy to tell you, that we are also seeing strength in the prices of SBD and STEEM and that I will make an update about it in the coming days.

XRP might have seen the bottom already @ .56$ and the signs are increasing that BTC might also have found the low @ 6,000$. Why? We saw a big volume spike in the low as it should be. But more importantly the price is very stable with good patterns forming.

I am still cautious, but my bearishness is gone for now as I feel neutral towards the price action. I will just wait it out and count what happens... Stay tuned...

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6 years ago in #btc by ew-and-patterns (70)

$104.80

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vommie (47) 6 years ago

my target is $ 100,000

$1.06

2 votes

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ew-and-patterns (70) 6 years ago

Let's not get crazy before the impulse has even begun. It is possible though.

$4.19

1 vote

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grizgal (55) 6 years ago

I agree I think we have seen the lows now. When things pick up there are a lot more people able to access crypto, so we could see greater gains but I think that will take time.

$0.26

1 vote

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passion-ground (63) 6 years ago

Nice update, brother! Still a bit confused as to your take on the move up from the $5920.72 low. Is it bullishly impulsive, or bearishly corrective?

I've just posted my take on the said price action in terms of an "hourly chart." You can check it out at the link below, which also includes a Chart-Cast "video" update on all the latest goings on...

I look forward to your response and clarifications with regard to the above. Much love, brother!
https://steemit.com/btc/@passion-ground/btc-elliott-wave-price-targets-and-chart-patterns-plus-a-chart-cast-video-overview

$0.25

1 vote

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ew-and-patterns (70) 6 years ago (edited)

Your d wave (I call it wave 4 of C) does not look harmonic to me. That very short wave c of your d wave is why I am discarding this until proven to be correct.

I am not sure if it is an impulse or a correction. That is why I marked it ABC with the chance of relabeling it 1-2-3-4-5 if we see another move up after wave C. The other possibility that you pointed out already is, that wave 1 is already in @ your wave d level. This would mean that wave 2 follows.

I can't really say why, but my gut tells me this is going to be one of the bullish scenarios. I am staying neutral until confirmation. Thanks again for your video. Please keep it up at a pace you are comfortable with.

$18.00

2 votes

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passion-ground (63) 6 years ago

Thanks for clarifying that for me, friend. Thank you as well for the encouragement!

$0.00

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nadilchairi (67) 6 years ago

Thank you for information..

$0.09

1 vote

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niallon11 (68) 6 years ago

I think bitcoin will struggle to make the crazy gains it has seen in the past year. Its just so unfunctional. Steem however has a bright future ahead and a big couple of years coming.

$0.06

1 vote

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