Bitcoin (BTC) Mid-Day Update: Head & Shoulders....Which Type?

in bitcoin •  7 years ago 

SUMMARY

The fractal that was discussed during today's morning update is still in progress. The move thus far looks three wavish as an abc. The final C wave could be complete if the white 1,2,3,4,5 waves complete.

The primary count shows that the Right Shoulder (RS) could decline to $9,830 or so. IF the RS formation is in progress, then this remains bulish. The volume thus far remains confirmatory.

At a smaller degree of trend, there is a smaller Head & Shoulders top pattern in the works. This could bring prices to the $9,800 or so zone.

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!!
--
--

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I hope that the bigger image is uptrend

Below 10k one last time, i DIGG THAT

I found Bitcoins face in there I think, to keep up the good looks we'd not go much below $10k :)


@thedolphin

Lol! Interested to see if the broadening pattern plays out. What makes you select that?

  ·  7 years ago Reveal Comment

Oh sorry @berniesanders for answering a comment, did I hurt you?

We need Bitcoin to break that previous high on the 4hr chart seen below if you look at my technical analysis you will see that this is biggest hurdle left for BTC to cross breaking the daily bearish trend line. I agree it could go as low as 8k if the support is broken.
4hr.jpg

We're in sync here. I'm surprised so many calling for huge dump now. Tape seems to show some strength and buyers.

The critical juncture was last night and still not yet resolved.

3A3B13C4-852A-4868-9C57-CBBC2D8B51C3.jpeg

Nice post!
Keep it up=)

the type who however must also be sporty to receive it, because any way it's a business people should be appreciated

Thank you so much Haejin for sharing this good information with us ! I really admire you

Nice informative post.Lets see what happens.@haejin sir last time i commented on your post someone down voted me.Whatever happens i am always with you.@upvoted and resteemed.@haejin sir do you have any idea about international mother language day?If you don't then click on this link.You will like it for sure https://steemit.com/blog/@rupok/international-mother-language-day

.

if i like some ones view then what is the problem?

Cloud is who he is , an irritant

Nice post,
Please help vote and flbck

Thanks for these projections, but why no more videos?

Hey haejin...i tell you what...you are a monster...real monster...who destroys the account of newbies here. I have done nothing but said truth on your post and you destroyed my reputation (steem)... real one you cant even touch...
NOW YOU STARTED THIS...AND I WILL PUT THE FULL STOP.
fuck you and your pathetic fools who wander around here with no clue...just greedy people like you...they want to be you...they treat you like crypto God but u r an asshole... YEAH no one can predict BTC and i know what you gonna say now..."but i don't predict it" but these assholes here wandering to get a signal to trade and they will surely one day put blame on you of their losses...bcoz BTC don't listen to your father...and you set targets which can be changed or are very long so that you prove right...bloody ******* when will you ALL understand crypto... OH YOU CAN'T...NO ONE CAN...YOU CAN'T UNDERSTAND IT....99% PEOPLE CAME INTO CRYPTO TO MAKE DAMN MONEY......ONLY ONE MOTIVE....GREEEEED. THEY KNOW NOTHING ABOUT IT WHAT IT IS....INFACT NO ONE ON THIS WORLD TRULY KNOWS...IF I ASK ONE TO FULLY EXPLAIN CRYPTO AND BLOCKCHAIN...THEY WILL PEE IN THEIR PANTS....SO HAEJIN. You are nothing without these fools....and carry one everybody...until you lose up everything.
https://steemit.com/cryptocurrency/@thereaper1233/haejin-destroyed-my-steemit-account-evil-monster

Ohh great not you hide my post by DOWNVOTING it also...GO AHEAD...SUMMON FULL FORCE...YOU CAN'T DO ANYTHING MORE THAN THIS..THIS IS YOU..SUCKER!!!

steam met text.jpg

teşekkürler

nice post. always share the prediction.
thank you @haejin

thank you !

Thanks for the information and suggestion

I'm always learning, but again I was surprised by the turns Bitcoin has taken. Also, I've been interested in how the other altcoins have been responding. Thanks as always for your perspective @Haejin! I'm learning to fish on my own, but your posts are always great guidance.

Once it breaks that trendline it's to the moon. I hope it's the bullish head and shoulder. it made a few in the past few weeks. I hope it continues.

Thank you

Best chart analyist, ever.

Congratulations @haejin, this post is the second 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 54 and the total pending payments to posts in these categories was $3874.72. 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.

When will the market get about to at least 700billion market cap? Any predictions fellow steemians ?

@haejin, your video lectures were extremely helpful with more contents. Please upload those again for us when you are available.

I'm traveling. Will post videos next week.

  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment

Thank you.

  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment

Thanks Haejin!
Interesting Chart from Trolololo ->???Cryptos 200% Overvalued, Can Reach 900% or -90%???

Here is the link https://bitcointalk.org/index.php?topic=2000218.40

Don´t wanna spread FUD ! But consider this!
Wish you all massive Profits!

lol I like it

LOL! Permabears!

  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment

Bitconnect ftw

  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment