Bitcoin (BTC) Morning: D Wave Breakout!!

in bitcoin •  7 years ago 

SUMMARY

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Bitcoin (BTC) overnight price has initiated what looks like a D wave breakout (blue) arrow. This chart had been posted yesterday and day before. Just because it's a triangle formation doesn't mean ABCDE full set of waves are required. This is why D wave breakouts occur. IF this is a decisive breakout, then volume should also start increasing (white arrow). Ideally, it would have been best to have price reach the 0.618 Fib level; however the recent low did reach between the 0.5 and 0.618 zones.

From a forward discernment perspective, the below shows a smaller Inverted H&S which should have a target reach of $8,867. The larger IHS targets the $9,876 and that means that BTC will try and reclaim teh $10k once more.

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?

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I hope to have a look at the news I post in my account On Steemit and tell me what you think .
Anyone who interacts with the news I publish I will interact with his publications

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Bitcoin ha bajado muchos dolares. Hace dos semanas estaba a casi 10mil dolares, hoy está en 8000$

If Bitcoin reaches one million dollars, one staoshi will equal 1 cent (not 1 dollar)

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Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
BTCBitcoin8484.160$2.98%-1.44%
EOSEOS13.865$3.88%-5.2%
QAUQuantum0.170$0.44%-10.92%
WAVESWaves6.077$3.26%-5.84%

garbage

  ·  7 years ago Reveal Comment

Wow, you called it right!!

This is a good case to test what it will be.

  ·  7 years ago Reveal Comment

nice feeling ;-)

Thanks! I think so! :) haha

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