Bitcoin (BTC) Morning Update: Wedge Recount and Label Shows Another Lower Low Today Likely...Could be Almost Done!
SUMMARY
Bitcoin's (BTC) overnight price action generated a lower low. The below chart shows that the fractal points are still being ahdered to. The white square region is the point of focus for today. More details in the video!
I've repositioned the blue C wave by lowering it down. It allows better forma nd fit and so the final e wave also becomes the shortest.
Subwave counting shows the final blue e wave to be in the process of completing and if this is correct, then waves 3,4,5 will allow the completiong for this wedge. This also means today could likely bring about a lower low in the $6,900 to $7,300 range. The correction is almost done, IMHO.
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Part 2:
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Nice.
┴┬┴┤( ͡° ͜ʖ├┬┴┬ HEY KIDS DO YOU WANT SOME DANK MEMES?
woao excelente explicación amigo, sus vídeos ilustran este contenido muy bien, logre entender perfectamente, lo felicito y a la espera de sus nuevas publicaciones.
You mention change in your video. I wonder if sentiment will be changed as a result of the G20 meeting that begins tomorrow? It seems that we are coming close to a crucial juncture in bitcoins short to medium journey. What (if anything) is announced by the G20, how that is picked up by news reports and traders around the world and how that may impact on price is of course anyone’s guess.
Why is the value of the bitcoin so susceptible to news?
Look into groupthink. Bitcoin is a social experiment so ny default the thongs thay drove social discourse will drive price.
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Because news can instill fear or confidence. With something like btc, if the news is laced with fear it will likely prevent newcomers coming into the market and mass adoption.
I agree with @accra and @h00pla85 - With Bitcoin we also have to remember the major influence that social media including platforms like Steemit can have on the way people think and this only heightens the fear or confidence mentioned above. However, as I said in my OP it's very difficult to really measure what impact an individual news story has on the price of bitcoin because it's impossible for us to know how individuals will interpret the news and then act on it.
I used to be @Haejin's #1 fan. I no longer believe anything #Haejin post here on #Steemit.
You even upvoted me one day & then removed it. That really made me upset!!!
https://steemit.com/haejin/@born2crypto/haejin-predicts-bitcoin-will-be-usd270-000-by-2025
Haejin is the best.
uzun süredir takım edıyorum inş biraz daha iner sonra gerı yükselişe gecerde herkes kurtulur
Great way to exchange. Very useful post . Thanks @htooms
Man, I think that the downtrend WILL continue, look at the people, if we stay below 7k for 4h+, down to the next support we go.
This is NOT necessarily bad;
ALWAYS REMEMBER YOU CAN MAKE MONEY FROM IT GOING DOWN (selling short)
directive
informative :) thanks for sharing you are nice :) @haejin
Yes brother you right Btc can bounce at 7400 or 7300$ I also analysed