SUMMARY
Bitcoin (BTC) is clearly consolidating. The below chart pattern was also identified by @solisrex and it's an a,b,c,d,e and it's almost done and should bust out any moment to hit that wave iii target.
The below chart is another pattern to confirm the upward probable direction for Bitcoin and its a Head & Shoulders bottom. This too is near or already complete and upside price breach is expected.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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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:
BTS Wallet - haejin1970
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
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.**
Could you also update GBTC? Thanks!
I will get the request to him ASAP! Thanks for your patience and support!
Thanks for your assistance!
Hi Haejjin. First of all... Thank you so much for all the outstanding Tech Analyses you have shared with all of us. It's great of you to share your knowledge and expertise. In reply to your latest BTC post, I have the following question: What are your thoughts about the following pattern I discerned today -
Your application of the bottom and top of the jaws are inconsistent, but the MACD confirms the upward trend that alligns with your top line.....landing at a similar number as haejin proposed here.
Hey Haejin, is this also a cup & handle pattern with a,b,c,d,e correction completed?
That's a big ole mug there! Looks more like a standard ABC correction to me, but it is showing cup and handle features......very steep handle though, it might be prudent to ladder all the way to the lower support line of the cup.
Confessions of a Core Supporter ~~~ embed:CryptoCurrency/comments/7cyz5m/confessions_of_a_core_supporter/?st=ja0a5qxi&sh=a80d949e reddit metadata:fENyeXB0b0N1cnJlbmN5fGh0dHBzOi8vd3d3LnJlZGRpdC5jb20vci9DcnlwdG9DdXJyZW5jeS9jb21tZW50cy83Y3l6NW0vY29uZmVzc2lvbnNfb2ZfYV9jb3JlX3N1cHBvcnRlci8/c3Q9amEwYTVxeGkmc2g9YTgwZDk0OWV8 ~~~
Thanks a lot for sharing. You should have written an article on this.
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Great idea, just posted to spread the word!
nice good follow and vote me too
thanks!
Ready for 7600!
ok nice
harder and harder to decrypt haejin....
🐾🐈❤️BCH update, please.
Here it is, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/bitcoin-cash-bch-a-massive-flameout-of-bull-buying-power-has-taken-place-i-explain-in-this-analysis
Do you mind updating BCC when you get the chance? Thanks!
Here it is, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/bitcoin-cash-bch-a-massive-flameout-of-bull-buying-power-has-taken-place-i-explain-in-this-analysis