Bitcoin (BTC) Morning Update: Updated Wave iii Target $7,359.....Check out this Video Analysis!
SUMMARY
I've updated the Bitcoin (BTC) Elliott Wave count now with a wave iii target of $7,359. The original sub wave count for white roman numeral wave iii had an extended 5th wave which would have meant a deep retracement. Given the now more land more likely potential of a parabolic blow off topping process, I re-labeled the waves as shown in the circled blue waves 1,2,3,4,5 for wave iii. As result, the wave iii target was raised.
The bullish flag has been a consistent consolidation pattern for Bitcoin as shown by the purple fractals. Thus, I believe another bullish flag would most likely appear yet again and this is noted by the two short white parallel lines.
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: 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.**
Awesome... At no other time in my life has the power been taken away from the wealthy and been given to us. Daily profits are rolling in!
Power hasn’t been taken away from the wealthy! I guarantee that many wealthy people own crypto at least as a hedge.
The only difference is that this is the first time the little guy (you and me- no offence) has been able to get a piece of the action in something that has significantly appreciated. And that’s because it’s unregulated.
Booyah!
Very true
Thank you!
@haejin thank you very much as always! Could you please provide us with an analysis of Ethereum? - Would be great to have an update. Thanks again.
No change from prior analysis. Same call.
I see those commenters at times and wonder if their ears are just clogged. Thanks for the constant updates, they are invaluable!
Any thoughts on the crazy Monaco impulse this morning?
Here is the updated MCO, please use only to augment your due diligence. Enjoy!
https://steemit.com/bitcoin/@haejin/monaco-target-usd39-14-398-profit-potential
Haejin,
You nailed it again my friend! Thank you!