Bitcoin (BTC) Evening Update: Support Zones

in bitcoin •  7 years ago  (edited)

SUMMARY

NOTE: Let's Take a Bite Off a Troll!! Has your comment been downvoted? Do you have Steem Power? IF we generate 1,000 engaging comments....the -18 level Troll has NOT the firepower to downvote all! Look how powerless and useless this -18 Troll thug has been already!! His actions only give cohesive strength to the followers of this blog! Alas, the dense, obtuse minded troll has not the intelligence to conceive this.

I've been upvoting those effected and will continue doing so! Meanwhile, consider adding Steem Power as even a Level 35 with $500 in SP can sting a -18 with a downvote.


Bitcoin (BTC) Evening Update:
The below chart shows a potential fractal of price swings. The white circle contains three arrowed lines and the blue circle outlines a similar fractal. It would be interesting to see how overnight price behaves. The lower white line of the triangle needs to hold against decisive breaches. As a support or resistance is touched, each time weakens it. Most often, the support holds longer than the sellers' stamina; however, they do at times get breached.

I've included multiple support zones, three of which interect the wedge pattern. The fourth aligns well to the apex. These support zones could be use to establish rungs for the first ladder buy zone. I strongly urge laddered ladders! In other words, the wallet of available cash can't be emptied in the very first ladder. Use of multiple ladder zones is most ideal.

Legal Disclaimer: 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?

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Thank you Haejin Lee for sharing this good info for us. Hope you get happier everyday

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I AM.
Thanks.

Good to hear thanks for everything!!

  ·  7 years ago (edited)Reveal Comment

That s why an absolute democracy is dangerous. The only downside of steemit....

Hello good evening hope everybody is well after this fall ...I would like to ask if this is still a healthy correction and lets find out the unhealthy scenario !!! I AM VERY CURIOUS TO SEE WHAT IS THE SENTIMENT ....

  ·  7 years ago Reveal Comment

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Take a look at the free tutorials at end of blog.

@haejin
charted this an hour or 2 ago, before i came and checked if you had seen something similar, is my count right to confirm the Ending Diagonal and if so, is there just one more lower low to come??
Also is my understanding correct, that after this lower low, can it be either Up or sideways?

BTC Ending DIagnol1.JPG

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I just asked a question. ‘Tis all...

Thanks for the BTC Update 😁
@berniesanders Don't flag...
haejin and berniesanders please support us on steemit...Make friendship please...berniesanders and haejin both are good...

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Bernie, check out my material. I'm a crypto analyst specializing in Elliot Wave Theory. Please consider following me if you are looking for original content as I believe my Youtube and Twitter is the most unique channel currently out. I currently have 80,000+ followers on Youtube, Twitter, and here combined where my goal is to help improve the crypto community. I hope it'll add value to your crypto career through my enthusiasm and love for crypto.
https://steemit.com/bitcoin/@philakonecrypto/btc-bitcoin-feb-5-3am-update-elliot-wave-arguments-deduction-targets-bull-and-bear-scenario
https://twitter.com/PhilakoneCrypto
https://www.youtube.com/users/philakone1

Lol. Do you not realize Bernie is literally shitting all over TA with the comment you replied to?

You really missed the point here.

what man!!!!

  ·  7 years ago (edited)

I am somewhat new to TA but I made this analysis, we could be doing a reverse symmetrical triangle correction right now
bitcoin_prediction.png

I've rarely seen a broadening patern for B wave.....

  ·  7 years ago Reveal Comment

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Good job @berniesanders

Shut up, sycophant.

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You are trolling. Pls stop.

Best of luck with your reasonable request.

Information is good but someone spamming by doing same type of comment. @berniesanders take rest and give your valuable feedback instead of spamming comment. @haejin thanks

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I am mildly unconvinced that particulalry at this stage of Market manipulation ( Tether/Bitfinex) that Market Trends can be extrapolated into the future with any degree of success.
That said it is interesting to apply techniques to the data and to see what comes out in the wash. I do like the >Laddering Tip, it is a very powerful strategy even or particularly against Market Manipulation.
Keep up the interesting and good work.

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You are entitled to your opinion, it is perhaps discouraging to credulity to see you waving it about so vigourously.

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why bitcoin drop untill $10k ?? please reply

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Dude If it wasn't for you I would have wasted my money A LONG TIME AGO!!!! thanks for the analysis's!!!!!!!

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I know news will arrive to justify the forecast (not the other way around). Wonder if the below has been or will be the news to push prices lower ?

http://www.bbc.co.uk/news/business-42940728

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  ·  7 years ago (edited)

@berniesanders what happened to this agreement?https://steemit.com/forthepeople/@berniesanders/an-agreement-has-been-reached

Why is this fight (or whatever) starting again? Aren't your actions going to drive away new users from Steemit?

"Aren't your actions going to drive away new users from Steemit?"

This doesn't seem to be a concern for the Communist Flag party.

Not a chance..

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Thank you for all the info and help.
Im a little confused with what is next....
If we are sure the bitcoin price will go down then should i sell my holdings and then ladder the lader of buying as sugest for a better entry price?
Or if I made it so far should i just hold the BC as long term and wait few month?

I hope the community will outcast this annoying troll, it makes this a pain to go through the comments when this troll just paste his poison every comment.

You are doing something Good, not just Good but successful Trolls are great feedback as only good bloggers with tons of followers attracts them.

If trolls are a measure for success you are doing Amazing!!!

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Thank you for your effort Haejin! I follow your blog every day!

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I already emptied at $9400. Considering selling and re-buying at those support zones. Some other posts (including your previous video) talk even of possible lower than that.

If ZEC is heading twards 0.3 btc (Per your analysis) would it be wise to exchange to zec during this hard time for btc? thanks

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what is wrong with berniesanders? if we take out our earnings does that mean we dont support steem? i dont get it?

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I think the price of the bitcoin price chart has ended in price decline. but its market name will be difficult for us to predict.
if according to friends here. how the development of bitcoin prices

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  ·  7 years ago (edited)

@Haejin I am wondering, if 21K downvotes from @haejin Followers would be enough to send @berniesanders to oblivion.

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The price of Bitcoin today is still higher than it was just three months ago! In a long term view, Bicoin is still climbing. Forget about these short term ups and downs. If you are a short term investor, you need to get real

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  ·  7 years ago (edited)Reveal Comment
  ·  7 years ago (edited)Reveal Comment

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  ·  7 years ago (edited)Reveal Comment

Hello @emmajoy! (dodges incoming missle from whale) um hey i see you ended up in the midlde of a whale war, Hi my name is Truce wait watch out (dodges incoming gunfire) um im here to help, here is a upvote and welcome to steemit! hope it helps, I followed you, now follow me to safety, you walked into the middle of a battle, Dont let this discourage you. Steemit is a great place. I take no sides but im here to help new people!! Be safe out here!

  • Truce

15-hacksaw-ridge.w710.h473.jpg

This is fucking-fantastic!!

I like it.

  ·  7 years ago (edited)Reveal Comment

yup yup

  ·  7 years ago (edited)

I like it. Great idea. It seems I have been caught in the cross fire too.

...... "Devoid of intelligence" is so accurate....... Your Mommy must be very proud!

I've invested a few times based on his prediction. I agree with you on his charts being accurate. He has done well so far, I don't know why people complain. If he you don't like him then don't visit the page it's easy as that.

@haejin now has been here for years...he has become legendary now......he has enormous amount of knowledge...

  ·  7 years ago Reveal Comment

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Hi Haejin, thanks for your help with your technical analysis. This is my Elliot count for this correction ABC. I have seen a WXYXZ correction on C wave 5 with a strong support at 6500 corrección ABC.png

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  ·  7 years ago Reveal Comment

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  ·  7 years ago (edited)Reveal Comment

@haejin, followed you at about 300 followers. Thanks for your expert analysis and perseverance!!

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your a pussy berniesanders

yes it's big :p

  ·  7 years ago (edited)

@berniesanders, The only bullshit is from you and your idiot followers. I am here for only one reason to follow @Haejin. As is the case with his 21K followers.

Whatsapp, as small fish in the pool i am just nothing and very confiushing...

It is kinda fucking crazy how much this guy makes on his posts. I still don't understand... :-D

  ·  7 years ago (edited)

I can only assume you do this because ... well, actually @haejin does have 21k good followers who are here to learn. You, on the other hand have 8.6k followers who can't follow you that closely because you generally get 15 votes early and a couple more later. I guess the 15 are another bot?
The image you keep posting is? To show @haejin is making money? And ... ?? Your point is ??

Great read and even better analysis 🚀🚀🚀

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I resigned my job and will do something related to block chain.
Even the price is down and down, I am holding it with confidence and belief.
Always thanks to your sharing!

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An overabundance of sellers with a relative lack of buyers. ;D

  ·  7 years ago Reveal Comment

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Lol. You are doing great

  ·  7 years ago Reveal Comment

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India is just regulating, not banning.
South Korea will re-stabilize as people get new accounts organised.
Governments are always changing rules, as they want to ensure they get a piece of the pie and tax everyone.
I think the FUD will run out of Steam soon and market sentiment will return to a positive one! :)
Happy profits to all..

Why was I flagged?

  ·  7 years ago (edited)Reveal Comment

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  ·  7 years ago (edited)

Thx.
WE ARE THE BEST!!!

  ·  7 years ago Reveal Comment
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@BenieSanders your a hater!! pussy what are you even on steem for??

  ·  7 years ago Reveal Comment

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Gossips about kevin

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Troll.2E21703D-0BBC-43A1-AD32-2E8C468CEE38.png

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no matter how badly the market plummets, everyone just needs to remember, the cutting edge technology that is blockchain is undeniable, and it's here to stay.

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Thanks for your post

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I'm commenting to receive my downvote. Thanks for your time, Bernie :)

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좋은 정보 얻어 갑니다. thank you.

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Thanks you for the daily updates and analysis. I appreciate the knowledge gained.

If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.

image

P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.

  ·  7 years ago Reveal Comment

If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.

image

P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.

If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.

image

P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.

  ·  7 years ago Reveal Comment

If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.

image

P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.

No, I was responding to Haejin. Now I'm responding to a piece of shit. 9BF6254E-FAF9-46D5-A646-D1D196310333.png

  ·  7 years ago Reveal Comment

If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.

image

P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.