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.
Part 1:
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.
.
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.
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
The lower low is increasing in every few days post.
I expect if a rumor about Twitter banning on crypto related stuff then i expect a more lower low level
Finally got to the $6800-$6400 range then :)
Disclaimer: I am just a bot trying to be helpful.
The information is helpful
Would you kindly do an Ethereum TA?
코인 시장이 안 좋고..
시장을 떠나는 이들도 많아지고 있습니다.
한국에는 신규 자금 진입도 힘든 상황이구요.
하락장에서 시세 분석하는 일이 더 힘드실지 모릅니다. 힘내세요 해진님.
是
Awareness is Key as you say :) The 7000~ range seems to be a very strong support, breakout and heavy bounce is expected !
Bitcoin is going low and lower everyday.......Thanks for the information
Can you make Verge please.What low you expecting?
감사합니다 항상 많은 도움이 됩니다
Agree, although price is in a daily demand zone, wait for price to break and close above the daily trend line before thinking about going long.
We are looking for for the following pattern as an example.
Great analysis as always haejin! Is there a possibility that BTC will correct to 6,000ish to complete a head and shoulder pattern?
Yes brother you right Btc can bounce at 7400 or 7300$ I also analysed
when it will be going up???
It's great time to invest in Bitcoin and also Steem is down to 1.5$ and people also must invest in Steem as long term Investement and it will be beneficial for them!!
#promo-steem
If we dont find support at this point i expect BTC to drop to about 6k. After that i thinl we will begin turning around by mid april.
the bottom continues.
good work..I think you'd appreciate my work...(less a chartist) but based on 40 years of prof. market analysis...by the way..II think you've nailed it..
How to DownVoting?
if only the boss can say hi, such a wonderful works...
It can't be a straight shot to the moon. A correction was due. I'm glad to see the weak hands shaking out. This too shall pass. Critics will turn enthusiastic believers just as quickly as the eventual turn itself. That'll start a whole new level up if theory continues proving so accurate.
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So you don't think this is a larger ABC down past 6k?
Coins mentioned in post:
Stop spamming on every where posts.
it's a bot
Flag him
you can just mute it - job done