SUMMARY
Overnight, Bitcoin (BTC) seems to have broken out of the smaller downward wedge pattern that was discussed yesterday. However, price has not reached the 0.618 Fib level (blue circle). It's a bit unusual for the correction to end like this, so likely, a lower low is still to be expected. The video has more details.
I've now expanded the bullish downward wedge to the whole correction. You can now see how the smaller wedge as shown in the first chart fits into this larger one. The red ABCDE waves have been labeled and E is still calling for the mid $7,600 or so. While still keeping into awareness that there can always be a D wave breakout, it would be too far away from the apex and unlikely to provide a sustainable rally. The E wave breakout would be most ideal.
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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Heajin you have mental issues. You are so obsessed with the money. You can't stop spamming your worthless posts. You will keep doing that just to get the money.
Fortunately more and more people see that your spam is destroying Steemit. Your end is near!
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I think its ok if he is making money by posting shit. I probably need to find out how he makes so much money.
What i do not understand is that this is absolutely nonsense TA and people are listening to it. Crypto is still ok. His TA on equities is beyond bullshit. May be people upvote because they get curation rewards. May be he upvotes his nonsense and then bots do the rest. Everywhere every system is exploited if it can be. I hope no one believes this nonsense looking at the payouts.
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The Steemit Donkey's only upvote comes from @ranchorelaxo (his cowboy boyfriend) and his own self upvotes (made possible by his cowboy boyfriend's SP delegation to him). Without self upvote and rancho vote, his posts are worth about 3$ each. We saw this last week when rancho didn't upvote a bunch of his posts. See my blog, I wrote a post about it with screenshots.
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thanks for the reply, i now get why this BS gets paid $200 per post. Frankly its not even worth 3 bucks.
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Well, if rancho stopped voting altogether, you would see that 3$ disappear once people realized they couldn't get any curation rewards from upvoting his posts before rancho gets there.
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Dan you know nothing. For example check the latest post I've resteemed. Heajin is pathetic, greedy person and if my comments cause that people will stop upvoting him, it's worth to type them.
And don't you worry about upvotes i got. I will probbly get nothing becouse heajin will flag me after 7 days. He did it to other people. He thinks noone notice that after 7 days. Pathetic.
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You don't know shit LMAO! You can flag a post until the last second before payout. It's upvotes that don't count in the last 12 hours.
@haejin's downvote on my 7 day old post ^^ 1 hr ago
Post pays in 28 minutes.
Maybe you should learn how steem works ya noob.
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Coins mentioned in post:
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