A few days ago I just posted that we might be in a flat correction while most people was waiting on confirmation on the inverse-head and shoulders pattern.
Last post dragged loads of attention. I even got mentioned by @ew-and-patterns who made a post of my chart
You can read it here: https://steemit.com/beyondbitcoin/@luiggih/bitcoin-expect-the-unexpected
So now I feel like I need to keep updating that idea because several people will be interested to know where is safe to start filling their bull orders into BTC.
This is what happened
Let's point out some likely bouce targets.
Whick key levels are looking strong enough for a strong bounce?
Usually 61.8% retracements are a solid point to enter intro a trade.
We know in advance that C waves are made of 5 waves. In flat corrections the most likely targets for C wave is 123.6 or 138.2% of previous wave A. However this is Bitcoin so I will be looking forward to some spikes to 161.8%.
Conclutions
Bitcoin looking ready for a bounce soon but just not yet. Patience pays off
For informational purposes only.
UPDATED!!!! BITCOIN EXPECT THE UNEXPECTED 3 -> https://steemit.com/beyondbitcoin/@luiggih/bitcoin-expect-the-unexpected-3-new-bull-cycle-about-to-start
You might also be interested in:
https://steemit.com/beyondbitcoin/@luiggih/bitcoin-headed-to-11-5k-short-term-technical-analysis-elliot-wave
https://steemit.com/beyondbitcoin/@luiggih/eur-usd-potential-double-top
https://steemit.com/beyondbitcoin/@luiggih/fibonacci-time-projections-key-tool-to-improve-your-timming-and-your-profits
https://steemit.com/beyondbitcoin/@luiggih/bitcoin-three-reversal-patterns-spotted
Thanks for Reading!
You keep demonstrating your capability to do good technical analysis that people following your blog will come to depend on.
Let's see how closely we get to $8000. There is lots of drama and growing pains we will see as the world finds a legal way to live with blockchain and their crypto currencies.
I like how you show what you previously wrote about and then show us the current status. Since Bitcoin is so important for the the entire crypto market, I hope you will continue to give us regular analysis on it!
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Much appreciated morseke. I've mentioned you in my last post as well.
I think we've got a chance to hit high 7k's. I've made a quick scalp yesterday and now i'm fully into FIAT waiting for a solid entry point to jump back in.
I'll keep updating my ideas and will provide quality content as always.
Thanks for your support, I really appreciate it.
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We miss your articles!!!
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I noticed you in his update a couple of days ago and was very impressed by your analysis so I started following you. I did a post today regarding steem price and the crypto winter we've experienced and I mentioned / linked your post in mine.
Hope it helps get you noticed a bit more. It's always nice to see good content on this platform by newer users and I'm trying to make a point to help good account holders who post quality material get better recognition as the balance of rewards and voting is a bit out of whack and has been for a long time.
I wish you much success here and look forward to more of your technical analysis / EW analysis. I'm not a short term trader myself but I do like to buy / dollar cost average more when things cost less (kinda common sense).
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Thanks for your support. It's very helpful. Someone is using my charts without even giving me upvotes...
Funny thing is they need me to update their own blog. If I don't post, they don't post either (because they have no clue about whats going on with the markets!)
I've mentioned you in my last update. Hopefully good quality posts will prevail.
Thanks again for your support.
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That sucks when someone steals your material and it's even worse when they don't even seem to feel bad about not compensating you in return for the use of your own hard work.
I'm gonna put you on my autovoter for a bit and try to help you accrue that little bit of extra earnings (my vote isn't worth what it once was because I've delegated close to half my steem power and Steem price is down)...I like to rotate my auto-upvotes by user every so often as I don't have the time to dig through every post of all the people I follow. Auto-voting can be a controversial subject to some people on steemit but i do it anyway...otherwise my voting power doesn't get used to its full potential. I expect nothing in return, just keep doing what you're doing! Certain tags and subjects on steemit are dominated by only a handful of people and that needs to change. High value content needs to get decent rewards and that is not happening nearly as much as it should.
I wish you all the success you deserve here.
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https://steemit.com/dogecoin/@aro.steem/dogecoin-to-the-moon
what do you think of DOGE
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Dogecoin approaching two buy levels where there are buyers, potentially for at least a 5:1 Reward: Risk trade.
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You got a 5.02% upvote from @luckyvotes courtesy of @luiggih!
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Awesome analysis....price found buyers at $9400. If the buyers can hold off the sellers, my 1st target is $10500.
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Apparently you just got rekt
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@luiggih these is a great post, very usefull. I came across your profile after reading a comment of you on another post about bot true here in Steemit and I think you have so reason, cause everytime a post good content is very difficult have more reach, even if you're posting things of relevance is hard to have organic upvotes. I hope this could change!
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Thanks floresha! Keep tuned! ;)
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You got a 3.24% upvote from @allaz courtesy of @luiggih!
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