Thanks! Thank you for giving us a map to move around in this new exciting world!
RE: Bitcoin (BTC) Morning Update: Why a Completion of the Wedge Pattern Could be Better..
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Bitcoin (BTC) Morning Update: Why a Completion of the Wedge Pattern Could be Better..
Wow. What happened to the head and shoulders of just a couple of days ago?
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haejin - Do you think this is an alternate possibility if the wedge breaks out but fails to continue North? I plotted an ABCDE but using a larger wedge/triangle
[url=https://postimages.org/][img][/img][/url]
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I drew a similar wedge and was about to post it to ask @haejin and then saw yours! @Haejin why do you not consider the first peak in your wedge like we did in these larger wedges?
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That's my thought as well. Why is the first peak not part of the pattern?
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I did a post about it a few days ago, check it out :-)
https://steemit.com/crypto/@adri1202/future-of-cryptos-new-apocalyptical-hypothesis-descending-triangle-for-btc-and-ltc
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Nice work. It seems most TA people are in agreement about being in a major correction, just not exactly the depth of how far it may go South or when it will make the final turn North.
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This could be a possibility but I wouldn’t risk not selling now if the price decided to plummet all of a sudden
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I have a "core" holding in bitcoin. A few BTC I will not sell (or spend) until the really big pay day. A couple are digital and one is a physical CASASCIUS bitcoin that has never been redeemed. I will hold that coin until I can auction it off at one of the big auction houses some day. :)
Any other fractions of BTC I buy or sell trades around that core position. Looking at it that way it is no big deal to me if I miss this entry or that entry as I will always have a long position in Bitcoin. I bought into Bitcoin when most people didn't know what the heck it was because I saw the future potential of BTC. My opinion has not changed. It has only been reinforced with all the crypto mania of late.
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Indeed that was @haejin primary count from a few days ago.
Though I observe that the last C correction started a monday - the 15th of January ... Could that be a coincidence, where we repeat the same scenario?
In this case, tomorrow monday 22nd could be the start of the final E correction.
I see it as a more likely option at the moment, specially with the 1st official announcements from South Corea and European regulators arriving in the beginning of this week.
There is always a probability it goes up to D before that the way you say. Thats why we should learn to ladder the buys just as a master analyst would do...
Not an easy job, but thanks @haejin for bringing this information accessible to the newbies and really pleasant to hear and learn.
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Please stop this.
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They can do no harm - "All their poo are berong to us!"
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