Bitcoin (BTC) Mid-Day Update: Flag Fractals #1 and #2 means short term, Price to Decline Below $7,062.

in bitcoin •  7 years ago 

SUMMARY

The white bearish flag is now being generated as shown by the blue Fractal Flag #2. This portends the price for Bitcoin will further degrade down below $7,062 which is the low point of the blue fractal.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - d2e60e9856c36f34
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66


Legal Mumbo Jumbo: 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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7 years ago by

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      ·  7 years ago 

    hopefully comes back down to earth so i can buy some more!

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      1 vote
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        ·  7 years ago 

      5500 would be awesome.

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          ·  7 years ago 

        Nice update. Thx

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            ·  7 years ago 

          Thank you!

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            [-]
              ·  7 years ago 

            I don't think Bitcoin will lose that much value, guess it will stay over 7000$ even after the hard fork cancelation

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              [-]
                ·  7 years ago 

              If you can spare the time, could you dk another update on BQX? Some good movements there lately.

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                  ·  7 years ago 

                Nice post First to comment please upvote my comment..

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                  2 votes