SUMMARY
Bitcoin (BTC) is likely taking the ABCDE symmetrical triangle route as the primary pathway. It fits well. The below chart has updated waves with everything shifted to the right since time has elapsed. There is that chance of a D wave breakout and that'll be quite attractive.
At times, when Bitcoin (BTC) doesn't have the lead, another coin can usually be found to be holding the baton. In this case, I believe that is Ethereum (ETH). Compare the charts and you'll see that ETH is a bit ahead of BTC with regards to patterning the BTC. ETH has already completed the D wave and is now starting the E wave. IF that's the case, then BTC could follow ETH's lead and complete the D as well. BOTH have the likelihood of breaking out at the D wave.
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
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Great post, thanks for sharinf haejin.
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Dear Haejin,
Thank you for a wonderful post. Quick question. We just had a bearish macd cross on daily. Would you please share your toots on that. Thank you, once again!!!
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Thank you for such a quick reply.
So, If Macd going to make similar formation as u shared. How deep approximatly bitcoin needs to go in order to structure daily macd in similar formation?
Thank you.
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HEy! I have been wondering about the same! I have been watching the daily MACD for a time.. this even pushed me to make a post after a month! I saw this when @haejin 's post was 13 min old.. now there you have ananswer from the master... but since I did the work I will share it..
https://steemit.com/bitcoin/@furius/btc-usd-going-down-to-finish-the-triangle-daily-macd-dictates
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Thanks for the excellent technical analysis. Ignore the haters. Please look at DGB. Thanks again.
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Will post on DGB later today.
Check out the just posted announcement on BitcoinLive
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Don't forget BitShares!
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Yes please don't forget Bitshares!
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Reserved a spot immediately... thanks.
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Highly likely!...:)...
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Great! We are almost there
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Thank's for the content. What's your opinion on BCH and the hard fork on the 14th May?
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Coins mentioned in post:
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Thanks much for the morning update. I appreciate it. Can you please take a look at html coin when you a chance? Thanks!
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I'll try to get it done today, if not tomorrow.
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thank you very much for the information, hopefully I can little your attention @haejin :)
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