Bitcoin (BTC) Mid-Day Update: This Minor Correction Could be Near Complete
SUMMARY
Yes, Bitcoin (BTC) has fallen beneath the upper white trend line but it is not necessarily too late or past a point of no return because price is still well within the window of rising back above it. That would be an ideal bull wick scenario. The below chart of blue wave 1 and 2 are still in progress and the red abc should be near complete.
The below chart dissects the subwaves. The red ABC is a zigzag (5,3,5) since red A consisted of five subwaves while B always has three (blue abc). The key focus is in the red C wave down. IF this count of five waves down is correct; then we should see the price start putting in diligent and lively impulse motives upward. Reclaiming the upper trend line would currently mean a price rise above $9,700 will be required.
The alternate calls for a slightly lower low to the proximal zone of the 0.618 Fibonacci area where the $8,200 area resides. Again this is the alternate to be aware of but the likely destination and reversal projection pretty much remain the same.
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.
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Fucking idiot, Piss-off the important tags with your self voting.
#bitcoin #money #cryptocurrency #blockchain
Use #HeajinTA, #HeajinBS, #greedyasfuck or something more appropriate.
Oh wow, @madpuppy is getting really mad now.
Thank u for the info
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I been analyzing bitcoin only using the MACD & volume tool...I been trying to keep it as simple as I can because there are too many analyzers out there, the more you use the more confused you will get...just like what the saying says "keep it simple stupid"...well for now i see we are setting up for a last significant dip before bitcoin starts going back up to 10 or 12 k
thanks for the update...
"I believe" "I believe" "I believe" ...
What you you beleive in? I beleive in SANTA!!!
CRIPTO currency is a market hard, some time is up some time is down, but is like all market some time you win, some time you don´t
Thanks you for the info. And..................... I don't understand why many people are giving a negative feedback on your posts...??
I know you get a lot of flack here on Steemit. Honestly, I don't understand why either. I look forward to your post. It's always great info. I know a lot of people support what you do. .. Keep em coming
I do not understand why either. I have been a big suppoter since day 1 when I found his youtube videos. Please support HAEJIN. He will make you rich someday & get you a LAMBO
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tenemos fe que esto va a mejorar
Lets go bull!