Bitcoin (BTC) Morning Update: One more lower low probable
SUMMARY
Bitcoin (BTC) overnight price action likely completed wave 4 of a five wave decline for a higher degree of trend red wave C as shown in below chart. I'm using the expanded flat a,b,c waves as the guide to this correction. The blue waves are composing the completion of the c wave of the expanded a,b,c.
Now, there is a scenario and count where the five waves could be done as shown below. This count is technically correct for five waves down of a c wave. However, the subsequent waves are very three wavish. More importantly the last chart shows additional reason why there is likely one more lower low.
I want to thank @dbrdr for sharing the below chart pattern. Well done! It shows that an a,b,c,d,e could be in progress. IF that's the case, then it lends to wave C going to around $13,203 or so. That also jives well with the one more lower low requirement of the above first chart. Let's see what happens during the day time price action.
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I hope so, sold to buy lower
oh man hopefully you didnt sell to much. it is very riscy to short the bull market..
If it drops to 13k then you made only a very little gain in comparison with the risc you are taking. I would only consider selling on waves 5of3 and 5of5
it is very cool done))
HODL LADDERING IN MORE
Good analysis, it's always comforting to read your posts!
another possibility:
If we stay on scale of a all time height in the next two week we can reach $19000.
p.s. My work of past few months to be shared with All Steemians please resteem and let it be of great use TFDSRE: #1, #2, #3.
i dont think so that it is going to 19 k in next 2 or even 4 weeks .... but it is possible also.
if you look at this long term projection it will surely go maybe much higher.
But maybe haejin's correction will roll on and the much lower entrypoint will be reality.
Thanks for the news!
HODL Bitcoin and diversify your portfolio. Thanks Haejin for an update
Good coment, hold bitcoin :D
What is the truth the blue pill or red pill? Bitcoin Cash or Bitcoin?
BCH is the redpill, take it.
I think BCH is the real bitcoin. BTC is a complete rip off right now.
HOLD EVERYTHING!!! (ok maybe not everything)
Maestro! You can characterize Gridcoin (GRC) ?
@haejin, GRC is going to the moon!
hi can you send some details about it.
I'm torn about what the best place to send you for more info is.
I would check out the official site: http://gridcoin.us and I would also browse the #Gridcoin posts. The community is very active on Steemit.
You have to ask haejin!
FUD Alert: Justin Sun Didn’t Cash Out $1.2 Billion of Tron Coins
https://steemit.com/justin/@farkew/fud-alert-justin-sun-didn-t-cash-out-usd1-2-billion-of-tron-coins
GREAT POST!Help me Follow x Follow From venezuela
Binance registration is open
Link
Or
Website-
https://www.binance.com/?ref=20178769
haha this sneaky reflink
Still “paused”
Some disagreement in the TA community at the moment regarding this correction. I am hoping that your prediction is the right one!
Corrections are the nemesis of TA :-), we know they have to happen, we know how to take some probable targets up or down, but predict their path is a nightmare ...
I only hope it's just one more to go and not many more...
Just chill'n on the block, riding the waves with total confidence either way.
Yes but I am anticipating an entry point and an exit point for me to exit onto an alt coin.
Thank you for the mention! And thank you for your hard work! You are helping a lot of people to learn!
great time to buy!