Bitcoin (BTC) Evening Update: Overnight Could Put In the $8,200 or 0.618 Fib Level; This Level Needs to Hold

in bitcoin •  7 years ago 

SUMMARY

Bitcoin (BTC) is still carving the subwaves of 5 (blue) of 5 (white) of C (red) of the ABC correction. These waves compose the ending part of the ABC correction. Based on prior analysis, the $8,200 is the 0.618 Fibonacci zone and perhaps overnight this target could be hit. The blue waves have all but wave 5 complete....let's see in the morning how the 0.618 zone holds.

The overall bigger picture is holding to the blue 1 and 2 waves and that the abc red are subwaves of blue 2. We are now completing day 2 of being below the white trend line. Once teh $8,200 is hit, price needs to turn up. In the event price slices right through the 0.618 Fib zone; the Elliott Wave and patterns change to an alternate count which will be discussed in the morning.

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.

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Any chance of holding at this higher fib?

  ·  7 years ago (edited)Reveal Comment

I see it different and now a rsi bullish divergence reinforce this wiew. But it’s a
Very uncertain situationAF0993D8-072F-4E24-81CE-0F2D839D5C4B.png88D8BA51-4C27-4A65-8582-0D1B2FDD893F.png

Bitcoin's dead. Long live Bitcoin !!!

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This market sucks just arbitrage http://arbiswap.com
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2.jpg

how about this case

I'm just here for a share of the curation reward...

They need to check security and have a good support thats helps with maintenance of security. They cant do it alone(the crypto bank). No more hacks.

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Hmmm...4800 here we come?

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Nah looks like 6 k again if this dip continues! Everyone saying 6K! I be buying big at 6K though.

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  ·  7 years ago Reveal Comment

Tron was here!
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Tron was here!
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  ·  7 years ago Reveal Comment

Tron was here!
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  ·  7 years ago Reveal Comment

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Dear @haejin

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The flag-a-bitch app is being used on you because of your consistent blattant abuse of steemit through means of: abusive self-upvoting, collusive coting groups, and disagreement on rewards. Since we deem that you have been damaging the steem economy, we flag you.

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Steemit incentives upvoting him simply because his posts do well, it's a vicious cycle. I upvote every post even though the TA sucks.

How does it incentivise it? You get way more rewards to upvote a post that nobody else has voted on over upvoting a post that hundreds of people and some whales have voted on.

Do you even know how RShares work? No you do not get more rewards by voting on his posts I mean unless you have a fuck tone of MVests and you vote really early on but you simply do not have those MVests

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Tron was here!
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Tron was here!
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Tron was here!
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Tron was here!
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Tron was here!
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Tron was here!
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Tron was here!
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Tron was here!
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Tron was here!
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Tron was here!
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Cool Pic!!!

you sir I found it doing a Google search ... @haejin sheep sure seam to enjoy your work

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