SUMMARY
As of this writing, we are at about $7,610 and as the chart shows below, the decline towards wave 5 is well in progress. This wedge pattern is expected to play out and the fractal that was introduced in detail during today's mid-day update calls for a bull wick spike down. We could potentially see a reange of $7,500 to $6,900 or so.
The critical juncture shows that the blue C is currently in progress and the lower white line support has been a strong one for quite a while and should hold and allow for blue wave D to take place and then E. The criticality of the support holding can't be overstated. Let's see how the overnight price action plays out! Exciting times are ahead of us all!
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
Personally I do not see anything but bearishness. The week and day closed lower indicative of a further drop. A day close below 6812 should retest February's lows or more. The same view w/o change since near approach of 11,705. I still want to buy, but at a lower price.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The 4 hour made a higher close. But it closed below 8,471.59 at 8,470.43. Usually this means its a rejection. Time will tell. A rejection doesn't mean it will not go higher a bit. Trends can change at any time. The close being below 8,471.59 leans to a drop imho.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I love your posts, but it seems like we don’t need them anymore due to the fact is every altcoin follows bitcoin.
if bitcoin rises, altcoins rise. If bitcoin drops, altcoins drop.
But your posts have helped me so I’m torn.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
True. But take note that altcoins can rise and fall regardless of bitcoin's price. (e.g. NEM and BNB rose in price a few days ago, even though bitcoin was quite stagnant).
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
NEM isn't an altcoin...but I get your point
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I heard somewhere that everything besides Bitcoin are altcoins
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
uhh. what? Anything that isn't bitcoin is an altcoin, whether or not how good or bad the altcoin is. We're talking facts here.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
"NEM isn't an altcoin" Uhh, you're gonna have to qualify that statement.
I'm generous and move beyond BTC to include the top 5 or so, but beyond that you'd be in altcoin territory.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Some revision here,
if bitcoin rises, altcoins a little bit rise. If bitcoin drops, altcoins much more drop.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
excelente amigo @haejin el optimismo debe ser parte de nuestra fe, con altas y bajas creo conveniente aprovechar lo bueno de las cosas malas y cuando nos toque lo bueno tratar de usarlo para ser mejores.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very excited how the overnight price action plays out ! Stay positive guys ! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This isn't exciting...it's actually making me stressed out and sick to my stomach...it will be exciting if we get out of this long correction and have a long bull run...I'm praying soon.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sounds like crypto ain't your cup of tea then.....not gonna lie.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
According to you it seems like you believe in Bitcoin ! Short term price movement shouldn't bother you then my friend :) But i can't deny the stomach feeling tho :P
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
https://freebitco.in/?r=10689239 (for free BitCoin)
http://freedoge.co.in/?r=1178803 (for free DogeCoin)
Come after every hour and play as much you play as much you earn
Good Luck
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great Post and nice picture..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Exciting times indeed :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What happens if C drops past the trend support line? Go down to which next support $?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That would be the thinking, yes. But greed for cheap BTC would never let us get below $4k is my thought. Perhaps 4800-5200 max.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I would not mind seeing it that low to scoop n buy more BTC with all the money I got.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
How do you feel about the death cross forming??
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks man, we will look closely to the support line the next day. It should bounce of and we will be on the lookout for higher highs in the upcoming weeks.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
My latest blog post may help alleviate some FUD. Check it out and upvote please!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Post something good.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks you
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 128.01 SBD, based on the pending payout at the time the data was extracted.
If you do not wish to receive these messages in future, reply with the word "stop".
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
7200 뚫리면 6000까지 가겠죠?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think BTC could go back down to near $6k since it was that far down recently.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@haejin candlestick formula, chart is not 100% right all the time. But you are doing great job. Thank you very much.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Let's not worry about it stay positive!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Probably we can see lowering the lower points.
Weak buying power.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
nice tips bro, make me more little bit understand about bitcoin
thanks ^^
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
this is absolutely a work of genius understanding, keep putting this up and it really wonderful to always see your post...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
We just need to wait it out. Hold your coins everyone.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
https://freebitco.in/?r=10689239 (for free BitCoin)
http://freedoge.co.in/?r=1178803 (for free DogeCoin)
Come after every hour and play as much you play as much you earn
Good Luck
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @haejin, this post is the forth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 43 and the total pending payments to posts in these categories was $2383.54. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
For future viewers: price of bitcoin at the moment of posting is 7716.70USD
http://bizimlehepkazan.blogspot.com
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haejin didnt post for 6 hours. That's got to be written down on a paper. Not via 1001100000100011110
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree with you. In my analysis, I predict BTC will down to 7200 before bounce back. You can read it here: https://steemit.com/bitcoin/@cryptocurrencyta/btcusd-technical-analysis-18-03-2018
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitcoin price in december 2018 : 100.000$
Agree?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You are a total fraud. Head and shoulders to the moon haha. You just talk shit.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice one
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit