Bitcoin (BTC) Evening Update: Wave 3 Personality Should Start Showing

in bitcoin •  7 years ago 

SUMMARY

Bitcoin (BTC) price seems to have breached above the Neckline of the IHS pattern (blue circle). IF price can remain above the Neckline and start impulsing upwards, then the likelihood of hitting the minimum run target of $10,387 becomes that much higher.

Blue wave D has been repositioned more left. The upper white line is a very long term resistance and it's like to repel the price once more to start blue wave E.

This remains the most bullish count and with the MACD abouto generate a buy signal, it would be ideal to have the overnight price action put in higher highs. We also need to start seeing some wave 3 personality coming out; such as near vertical price movements.

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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Nice information. Good analysis .thanks for sharing a valuable post.

You got a 51.09% upvote!
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good to know that! thanks for sharing!

Bro you know we are going lower

Bro you know another dip is coming

Basarili

Is the correction in Bitcoin over

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BTC Bulls are out for the spring :)


Thanks for the TA @haejin. Please can you do an update on XVG

Feeling very excited to know upward movement of BTC. I will hit 15,000$ by the end of this month.

Dude forgot Btc for 2 months haha 😆😆😆

It is very cool! Thank you!

asd

does the technique work well?

Honestly at this point in time at the current BTC price it seems so tough to follow TA and Elliot wave. A few hours seems to change all possible outcomes. It’s crazy! Here’s to just hoping it goes up!

very good movement of btc.
thank yo for your analysis.

This will be an exciting one. Thank you @haejin!

Sir, it's always dishurtening thing but what to do we are going down day after day..The value has almost reached at the lowest well within a month or two...We can hope to see even more fluctuation as I saw an article about that concern only lets cross our finger and hope for betterment ...And sir thanks for sharing...

How can wee see a wave 3 personality movement (vertical), when first we have to expect the blue wave E?

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So nice, thank you so much!

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Hi Haejin, do you think APPC's current burst is the start of a new impulse or just part of wave 4/5 downwards? Would love your thoughts!

great.

Coins mentioned in post:

CoinPrice (USD)📉 24h📈 7d
BTCBitcoin8580.560$-3.95%10.12%
EOSEOS6.701$-3.64%49.49%
QAUQuantum0.135$-5.0%1.39%
WAVESWaves4.624$-3.47%3.56%