Bitcoin (BTC) Morning Update: An ABC ZigZag
SUMMARY
The evening update had shown a upward pointing wedge and a minor correction was projected. Overnight price action has declined a bit and likely placing an abc retracement wave.
The abc is probably a ZigZag where already five subwaves of the wave A is identifiable and the abc subwaves of the red B as well. The red C wave will consist of five subwaves. It's likely that price will return to the upper white line of the wedge and sit on it as support before resuming upwards. That support line needs to hold and any decisive breach downwards would imply other waves and patterns.
The wedge outlined in blue could be a fractal of the white wedge. The first had an abc and price resumed upwards. The current wedge is also doing that abc retracement and likely will resume upwards.
The Head & Shoulders pattern completion would mean that price needs to breach the upper $9,451. That would then confirm the pattern. Volume is not perfect in confirmation since one Left SHoulder peak is higher than the highest volume peak in the Head; however, overall, the volume patterns very well.
Legal Disclaimer: 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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Not sure if this is going to happen, but I wouldn't say no to another chance to pick up more at rock bottom prices!
I was seeing the same wedge you identify for forming your ABC and asking why not...
I believe the the c is too short. The wedge decline would be limited.
Good to see it trending up. As long as we see volatility in the stock markets, that should be great for cryptos.
I haven't actually seen this correlation. In fact, there was famous published last year that said the crypto market is an uncorrelated asset class and can lead to a reduction in volatility if included in your overall investment portfolio.
Your posts are always informative. I know you get heat from some about abusing power as a whale, but I see that in sharing your insight you are contributing greatly to the community. Thank you, and keep it up!
Guys Look at this.You will know reality
Haejin now its confirm that you copying analyst @salahuddin2004 .He using these candles patterns in his TA from long time and now you trying to copy him.First Haejin only use Elliot waves but now you copying every single TA method from @salahuddin2004 .I am happy for Haejin that you learn something from him.Because Haejin you are crap.Haejin you only know drawing lines & all yours TA failed.Everyone now look difference and you understand
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-update-08-02-2017
https://steemit.com/steem/@salahuddin2004/update-1-for-steem-target-usd10-70-prediction-3
https://steemit.com/xrb/@salahuddin2004/nano-xrb-prediction-58
Haejin TA in which he starts copying
https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-yin-and-yang
If you are new follower of this crap must check this link
https://steemit.com/haejinality/@pawsdog/haejinality-vs-reality-nxt-review-79-loss-in-2018
Guys Look at this.You will know reality
Sir philakocrypto you are much better than crap haejin
Haejin now its confirm that you copying analyst @salahuddin2004 .He using these candles patterns in his TA from long time and now you trying to copy him.First Haejin only use Elliot waves but now you copying every single TA method from @salahuddin2004 .I am happy for Haejin that you learn something from him.Because Haejin you are crap.Haejin you only know drawing lines & all yours TA failed.Everyone now look difference and you understand
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-update-08-02-2017
https://steemit.com/steem/@salahuddin2004/update-1-for-steem-target-usd10-70-prediction-3
https://steemit.com/xrb/@salahuddin2004/nano-xrb-prediction-58
Haejin TA in which he starts copying
https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-yin-and-yang
If you are new follower of this crap must check this link
https://steemit.com/haejinality/@pawsdog/haejinality-vs-reality-nxt-review-79-loss-in-2018
Guys Look at this.You will know reality
Haejin now its confirm that you copying analyst @salahuddin2004 .He using these candles patterns in his TA from long time and now you trying to copy him.First Haejin only use Elliot waves but now you copying every single TA method from @salahuddin2004 .I am happy for Haejin that you learn something from him.Because Haejin you are crap.Haejin you only know drawing lines & all yours TA failed.Everyone now look difference and you understand
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-update-08-02-2017
https://steemit.com/steem/@salahuddin2004/update-1-for-steem-target-usd10-70-prediction-3
https://steemit.com/xrb/@salahuddin2004/nano-xrb-prediction-58
Haejin TA in which he starts copying
https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-yin-and-yang
If you are new follower of this crap must check this link
https://steemit.com/haejinality/@pawsdog/haejinality-vs-reality-nxt-review-79-loss-in-2018
To think ppl think haejin doesn't care, yet I don't know any person who gives trading advice, and so many updates during this time in the market. Clearly because he knows it helps stop fud. Thanks @haejin for keeping us up to date.
How are doing. I just vote you
That is a very nice informative post,where you shown everything in detail's.I always follow your calculation and most of the time you are spot on,Lets hope that soon the market will be totally ok.Thanks to you@haejin sir for such useful post.@upvoted and resteemed.
saraalkaf?
How are doing. But I'm just vote you
Guys Look at this.You will know reality
Haejin now its confirm that you copying analyst @salahuddin2004 .He using these candles patterns in his TA from long time and now you trying to copy him.First Haejin only use Elliot waves but now you copying every single TA method from @salahuddin2004 .I am happy for Haejin that you learn something from him.Because Haejin you are crap.Haejin you only know drawing lines & all yours TA failed.Everyone now look difference and you understand
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-update-08-02-2017
https://steemit.com/steem/@salahuddin2004/update-1-for-steem-target-usd10-70-prediction-3
https://steemit.com/xrb/@salahuddin2004/nano-xrb-prediction-58
Haejin TA in which he starts copying
https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-yin-and-yang
If you are new follower of this crap must check this link
https://steemit.com/haejinality/@pawsdog/haejinality-vs-reality-nxt-review-79-loss-in-2018
Guys Look at this.You will know reality
Haejin now its confirm that you copying analyst @salahuddin2004 .He using these candles patterns in his TA from long time and now you trying to copy him.First Haejin only use Elliot waves but now you copying every single TA method from @salahuddin2004 .I am happy for Haejin that you learn something from him.Because Haejin you are crap.Haejin you only know drawing lines & all yours TA failed.Everyone now look difference and you understand
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-update-08-02-2017
https://steemit.com/steem/@salahuddin2004/update-1-for-steem-target-usd10-70-prediction-3
https://steemit.com/xrb/@salahuddin2004/nano-xrb-prediction-58
Haejin TA in which he starts copying
https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-yin-and-yang
If you are new follower of this crap must check this link
https://steemit.com/haejinality/@pawsdog/haejinality-vs-reality-nxt-review-79-loss-in-2018
Guys Look at this.You will know reality
Haejin now its confirm that you copying analyst @salahuddin2004 .He using these candles patterns in his TA from long time and now you trying to copy him.First Haejin only use Elliot waves but now you copying every single TA method from @salahuddin2004 .I am happy for Haejin that you learn something from him.Because Haejin you are crap.Haejin you only know drawing lines & all yours TA failed.Everyone now look difference and you understand
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-update-08-02-2017
https://steemit.com/steem/@salahuddin2004/update-1-for-steem-target-usd10-70-prediction-3
https://steemit.com/xrb/@salahuddin2004/nano-xrb-prediction-58
Haejin TA in which he starts copying
https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-yin-and-yang
If you are new follower of this crap must check this link
https://steemit.com/haejinality/@pawsdog/haejinality-vs-reality-nxt-review-79-loss-in-2018
Guys Look at this.You will know reality
Haejin now its confirm that you copying analyst @salahuddin2004 .He using these candles patterns in his TA from long time and now you trying to copy him.First Haejin only use Elliot waves but now you copying every single TA method from @salahuddin2004 .I am happy for Haejin that you learn something from him.Because Haejin you are crap.Haejin you only know drawing lines & all yours TA failed.Everyone now look difference and you understand
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-update-08-02-2017
https://steemit.com/steem/@salahuddin2004/update-1-for-steem-target-usd10-70-prediction-3
https://steemit.com/xrb/@salahuddin2004/nano-xrb-prediction-58
Haejin TA in which he starts copying
https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-yin-and-yang
If you are new follower of this crap must check this link
https://steemit.com/haejinality/@pawsdog/haejinality-vs-reality-nxt-review-79-loss-in-2018
Please, let it go. There are more fish in the sea:
@haejin
@salahuddin2004
@financefreedom
@philakonecrypto
@marketreport
etc. etc. etc.
........and somehow they're all "fighting" each other.
Hé, I just want to join Twitter and not get into a fight between two people
Hé, I just want to join You-Tube and not get into a fight between two people
Hé, I just want to join Steemit and not get into a fight between two people
B.T.W. I heard you in the first place, you're making the "!" misstake !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
One is enough.
Guys Look at this.You will know reality
Haejin now its confirm that you copying analyst @salahuddin2004 .He using these candles patterns in his TA from long time and now you trying to copy him.First Haejin only use Elliot waves but now you copying every single TA method from @salahuddin2004 .I am happy for Haejin that you learn something from him.Because Haejin you are crap.Haejin you only know drawing lines & all yours TA failed.Everyone now look difference and you understand
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-update-08-02-2017
https://steemit.com/steem/@salahuddin2004/update-1-for-steem-target-usd10-70-prediction-3
https://steemit.com/xrb/@salahuddin2004/nano-xrb-prediction-58
Haejin TA in which he starts copying
https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-yin-and-yang
If you are new follower of this crap must check this link
https://steemit.com/haejinality/@pawsdog/haejinality-vs-reality-nxt-review-79-loss-in-2018
Guys Look at this.You will know reality
Haejin now its confirm that you copying analyst @salahuddin2004 .He using these candles patterns in his TA from long time and now you trying to copy him.First Haejin only use Elliot waves but now you copying every single TA method from @salahuddin2004 .I am happy for Haejin that you learn something from him.Because Haejin you are crap.Haejin you only know drawing lines & all yours TA failed.Everyone now look difference and you understand
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-update-08-02-2017
https://steemit.com/steem/@salahuddin2004/update-1-for-steem-target-usd10-70-prediction-3
https://steemit.com/xrb/@salahuddin2004/nano-xrb-prediction-58
Haejin TA in which he starts copying
https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-yin-and-yang
If you are new follower of this crap must check this link
https://steemit.com/haejinality/@pawsdog/haejinality-vs-reality-nxt-review-79-loss-in-2018
Guys Look at this.You will know reality
Haejin now its confirm that you copying analyst @salahuddin2004 .He using these candles patterns in his TA from long time and now you trying to copy him.First Haejin only use Elliot waves but now you copying every single TA method from @salahuddin2004 .I am happy for Haejin that you learn something from him.Because Haejin you are crap.Haejin you only know drawing lines & all yours TA failed.Everyone now look difference and you understand
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-update-08-02-2017
https://steemit.com/steem/@salahuddin2004/update-1-for-steem-target-usd10-70-prediction-3
https://steemit.com/xrb/@salahuddin2004/nano-xrb-prediction-58
Haejin TA in which he starts copying
https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-yin-and-yang
If you are new follower of this crap must check this link
https://steemit.com/haejinality/@pawsdog/haejinality-vs-reality-nxt-review-79-loss-in-2018
Guys Look at this.You will know reality
Haejin now its confirm that you copying analyst @salahuddin2004 .He using these candles patterns in his TA from long time and now you trying to copy him.First Haejin only use Elliot waves but now you copying every single TA method from @salahuddin2004 .I am happy for Haejin that you learn something from him.Because Haejin you are crap.Haejin you only know drawing lines & all yours TA failed.Everyone now look difference and you understand
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-update-08-02-2017
https://steemit.com/steem/@salahuddin2004/update-1-for-steem-target-usd10-70-prediction-3
https://steemit.com/xrb/@salahuddin2004/nano-xrb-prediction-58
Haejin TA in which he starts copying
https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-yin-and-yang
If you are new follower of this crap must check this link
https://steemit.com/haejinality/@pawsdog/haejinality-vs-reality-nxt-review-79-loss-in-2018
Never forget...
https://steemit.com/bitcoin/@salahuddin2004/it-s-an-open-challenge-that-bitcoin-will-never-drop-to-usd7500-8500
thank you haejin, but one question, if price go up again, towards 9.450, will that confirm bullish or will we still need more confirmation?
hey @haejin, i think i have a temporary workaround for your mouse issue.
In the browser, hit F12 to open the developer tools panel. In that panel, select the 'console' tab and paste this in and hit enter:
$('td.chart-markup-table.pane')[0].setAttribute("style", "cursor:none");
you can then close the developer tools panel with F12 again. this will hide your mouse cursor whenever its hovered over the candlestick chart panel and you can just use the crosshairs. The effect will go away if you refresh the page or close the browser tab. This code will also only work on tradingview.
I hope this helps you like you've helped us and i wish you MASSIVE profits!!!
If the C wave of this correction goes below the five wave of last impulse isn t that bad?
isn't the retracement of wave 5 from wave 1-3 towards 7150-7800?
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