Bitcoin (BTC) Mid-DAY Update: The Ascending Right Triangle Pattern is Still in Play!

in bitcoin •  7 years ago  (edited)

SUMMARY

Interesting how price just downdraft declined this morning. Five waves can still be enumerated (purple) and that is the marking for blue wave 1. Blue wave 2 can be in progress in the form of an abc (red) and the retrace of blue 1 by blue 2 could be 0.618 or higher. In order for this count to remain valid, the retrace can't make a lower low.

The bounce yesterday can be seen in the form of this ascending right triangle pattern. IF this bounce continues, the $11,800 could pose as a resistance from which multiple touches will likely be required to breach towards the higher zones.

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:  

smart people like you brother @haejin, always have interesting reviews to read, you are too humble yourself, but your writing deserve thousands of words praise, @haejin is not an economist, but @haejin can provide solutions, inspiration, in various conspiracies, which is being experienced, in every description in the form of narrative, because he is a stemians who have a high existence ,,,,

Haejin can even make a blog post that isn't GARBAGE!!!

someone will not be considered a telematics expert if he is not able to distinguish vidio and photos, recordings, and sound original and fake, someone also will not be considered the author if he never wrote anything, but everyone will still consider brother @haejin great person with writing that always gives the assumption and his opinion is accurate and accurate.

You can't even hardly watch his videos. The quality is so god damn shitty. I swear he uses a 486 PC to do his work on. He is a piece of shit scammer only here to take YOUR MONEY. If you FLAG HAEJIN , you will make more money on STEEMIT.

Pretty sure the triangle will play out well @haejin.
Bitcoin is up in the light again

It looks so bloody.

It sure does.

Oh! Tibetan prayer flags :)

bitcoindemand.PNG

My view still looks good. glad to see you have a triangle. we should be ok.

It's only meant for use as informative or entertainment purposes.

@Haejin You do not provide any entertainment. I brought you some.

download.png Not going beyond 9150....

It did already now go away loser

Downvoted. Disagree with rewards.

Another day, another prediction. I have checked your predictions from last 2 months only like 5% are valid. So if I would invest into it, today I will lost more than 70% based on your predictions. What is the point to do that?

Also I do think we are in a wave 2 correction as haejin outlined, based on my limited knowledge. I studied all of Haejin's elliot wave tutorial videos. They were pretty informative.

Bitcoin price with 2 possible paths

Bullish 10000 and 12500 dollars
Lower low 6000 dollars again

Find out why

I want to use this Steem channel to contribute ideas and debate them among all, but it seems to be only a one-way channel if the ideas and contributions of others are not supported by the votes.
Giving your positive vote costs nothing and helps others grow.

it's possible. that's what happened in the last big correction we had but wave 3 is supposed to have explosive highs.

Sometimes the lack of volume limits you to more possible objectives

On steemit, people on the whole only upvote themselves

Keep publishing and you'll understand

If you FLAG #HAEJIN you will make more money on STEEMIT.

Join @FlagAWhale if you are tired of him stealing your #Steemit Rewards

This is very interesting to me. I'm just getting familiar with the whole Bitcoin thing. I know people who are investing in this market. I threw you a follow and an upvote! xo

Thank you for posting this video.
It is very interesting.

what ever it is, believe in bitcoin, because in the end it always goes up.

Interesting, I got the resistance to be at $11035 Good job broo!!!

Hola.
Creo en que el Bitcoin hará repunte esta semana.
Saludos

Oh! Tibetan prayer flags :)
I am very interesting.
😇😇😇

I was noticing the formation of the triangle as well. I'm hoping that's a good sign for an upward momentum. :D

Looks like a bear flag has formed at the bottom line of the ascending triangle. If this breaks down, we should see 5600 quickly.

If you are an AIRDROP HUNTER I invite you to check these airdrops in the Telegram channel https://t.me/gtga_channel, the channel is continously update give it a try!!

Come on bears! Let’s bring it down! Thanks for sharing Haejin!

Upvote any of my posts @ato123 for a follow and upvotes on all recent posts

^--- You made this exact same comment at least 16 times in the last 2 hours. View these duplicate comments

Upvote this comment to support @duplibot and help reduce spam and superfluous comments.

hum...

If you FLAG #HAEJIN you will make more money on STEEMIT.

Join @FlagAWhale if you are tired of him stealing your #Steemit Rewards

The bottom is moving up and waiting to break through 10,000 to stabilize support

haejin1.png

#haejin
sublimemes :)

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 155.02 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".

I will invest since I could lose with so much hold with the altcoins

thanks haejin lee for the great technical analysis

Congratulations @haejin, this post is the third 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 44 and the total pending payments to posts in these categories was $2013.26. 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.

Wow great Bitcoin money crypto currency market.
Thanks for sharing
@haejin

Loading...
  ·  7 years ago Reveal Comment

Thank you Haejin!

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