SUMMARY
Bitcoin (BTC) price action today has been declining after breaking down from the upward pointing wedge pattern. Thus far, it is and will likely remain a minor correction that coudl follow either the blue or white arrow pathway as shown in below chart:
I've updated the Elliott subwaves to count a full impulse with the new price data. I believe blue corrective wave (a) will probably reach the 0.5 Fib zone while and following the (b) wave bounce; the blue (c) could decline towards the 0.618 Fib zone. This correction still has the indicators for a ZigZag (5,3,5) correction. Let's see when the blue (a) completes and the onset of (b) takes place during ovenight price moves.
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We're still stuck in this range. So much for the Network Effect.
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Thanks
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Thank you ^^ as always
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Waiting for it to reach 10.000$ dollar to invest some ;)
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I share graph and analysis
Taking the height of the triangle as a wavelength parameter that we already see that it was exactly fulfilled in the first cycle of correction waves
A correction of 5,3,5,3,5 could take us to 9,200 dollars again.
What you think?
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Your graph shows a 3 3 5, it's a flat correction in EW theory. It's a really probable option, time will tell.
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Much appreciated Haejin!
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Thanks again for all your posts. I will be watching the 50 DMA closely. Below that and Look Out Below!
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Really informative update. Thanks
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Coins mentioned in post:
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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 228.34 SBD, based on the pending payout at the time the data was extracted.
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Congratulations @haejin, this post is the fifth 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 39 and the total pending payments to posts in these categories was $4051.77. To see the full list of highest paid posts across all accounts categories, click here.
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Thank you
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You have saved my life @haejin
Many big thanks !
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Thanks for update!
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Thx. Resteem. :)
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Guys I am new to steemit and was wondering if someone can give me feedback on my crypto blog posts.
1- Sell Walls - What are they and how to take advantage of it
2-Crypto Pump and Dump Groups - What are they, How do they work and Why you should Stay Away!
Feedback would be really appreciated! :)
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Dude! Are you posting duplicated content on Steemit? The article you posted today on Steemit appeared months ago on another website. STOP!
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По мере того как Биткойн вырос, он был вынужден бороться с потоком трафика в сети. Разработчики разделены о том, что делать.???
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ok:-)
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I love this! I am new to Cryptos so all the help is greatly appreciated!
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Excelente contenido, realmente me sera de mucha ayuda!!
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Good one
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Nice update. Quite informative. Thanks for sharing @haejin ✌
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thanks a lot
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Hello, thanks for the updates
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Buen post!
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