Quick BTC update 08.03.18
Read the morning update!
White wave 4 was completed as shown in yesterdays post. Now BTC is dropping again in white wave 5.
White wave 5 must be shorter than white wave 3 (because 1 is longer than 3), or else the count is incorrect. Wave 3 can never be the shortest.
Stay tuned...
MORNING UPDATE: In yesterdays post I somehow assumed that wave 1 was longer than 3. I measured again and I somehow made a mistake. Wave 1 is shorter than wave 3 so wave 5 can be a s long as it wants to be...
See here:
A rare measurement mistake on my side... Sorry guys. That was unnecessary
Here is the updated version of the count (wave 5 of C)
The downtrend in BTC is likely over now.
UPDATE2: :D BTC rises 600$ on heavy volume after the low @ 8,360$
We also might see a potential bull wick in STEEM!
.png)
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
.png)
MUST READ!
DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
Thanks for your analyze I think that's Elliott's wave will failure again and maybe the price will go lower to 8000 dollars please keep us update
This seems long and drawn out (pardon the pun!), yet it looks like it might have quite a bit to play out on the down-side. Wishing it could get on with it and resume normal business! ;)
Should have had One more lower low the last time we went to 6000 we might have blasted through the 12000 by now
Buyers couldn't hold off sellers at $9400. I think the better level to buy is lower at $8400, which represents daily demand vs. the $8400 level which represented demand (buyers) on the 4 hr chart.
That is not possible with this count. If it drops below 8910 it will drop a lot lower than 8400.
It's very possible for price to go lower, if the sellers absorb all the buyer orders at $8400. Ideally, what we need to see are the candles making higher lows on the lower time frame charts before we can confirm a new uptrend...do you agree?
Yes, I agree that we need higher lows.
I need to add something here though. In yesterdays post I somehow assumed that wave 1 was longer than 3. I measured again and I somehow made a mistake. Wave 1 is shorter than wave 3 so wave 5 can be a s long as it wants to be...
See here:
A rare measurement mistake on my side...
I appreciate your candidness, openness and your integrity as a trader.
Yupps, good news i want to wait for btc go to up...
Please visit my post and Upvote please
well, looks like $9000ish was reached. Let's get rid of the weak hands once and for all, those who sold low and will be running later on to buy high.
In your opinion, @ew-and-patterns, could this be a bull wick we're witnessing?
No, it's likely only wave 3
Do you think the count in your post is invalidated already? At the time of my comment, low on Bittrex is $9100.
If it is invalidated, what do you see as likely landing spot for 5? 0.618 retrace around $8683 or much lower? Thanks.
Actually, just saw that was a 15 minute so I found where you are on the chart. As of now then it looks like 4 of 5 of c could be done and a low around 9k could still be in play (15:00 EST)?
thank you for your answer.
Respect your analysis work @ew-and-patterns. Thanks for sharing
ya that is correct that btc shows down movement from yesterday .definitely there is more chance to drop and i think it might hit 7k level soon..but long time investment can give us good profit .
It is right now! BTFD?
Hello @ew-and-patterns
Two days ago my account had been stolen, I am sure I didn’t give away my keys, so far I don’t know how someone stole it. He transferred my SBD to another account (@good-kama).
The phisher commented on a huge number of posts claiming they are not original and included links to external sites, comments owners flagged the comments reducing my reputation to (-1).
I used Stolen system recovery and it recovered the account yesterday. Since recovery I am trying to edit the phisher’s comments but they don’t respond. Other comments are editable. I have tried to include screenshots for my account and what happens when I try to edit the comments, but I can’t upload images because the reputation is low.
Can you advise on how to investigate what is happening and how to prevent such things from happening in future?
and if Is it possible to reset the account to the state before it was hacked?
Thanks.
You must have given away your master password somehow. Maybe through a transfer where it was readable in the memo.
Or you logged into a scammy site that was stealing your pw.
Or you have a trojan/keylogger on your PC.
There is no other way for loosing the account.
Your account is done and can not be recovered. Your money is lost. Get a new accoutn and start with rep 25.
I have already recovered it. I still have certain issues but I don't know to whom I can report.
It doesnt matter if you recovered it. You are done with this account. Your posts are not showing and getting it back to rep 25 will be nearly impossible.
Pls do me a favor and delete every comment by the scammer. Then create a new account and abandon this one.
You didn’t fully read my comment. I can’t edit these comments. Do you know someone who can investigate why they are uneditable
I understand that you can't edit them, but I don't know why.
A few weeks ago, you could also delete a comment. I suggested you try deleting instead of editing, but the delete comment function is gone. I can't find it anymore. Probably gone after the layout update of steemit.
UPDATE: Ok you can only delete comments a few minutes or hours after creation.