Bitcoin (BTC) Morning Update: Fractal Embedded within a Bullish Pattern

in bitcoin •  7 years ago 

SUMMARY

Bitcoin (BTC) could be deemed to have put in a third consequtive fractal as shown below (yellow box). The decline form the first flag was not as much as the prior two but he second flag was placed. I believe we should see higher highs in Bitcoin.

I've also drawn out the pattern of an ascending right triangle which consists of a horizontal and an ascending line. What's attractive is how the fractal is embedded within this pattern; hence more bullish! Ascending right triangles appearing at mid point of an ascent act as continuation signals. The minimum price run for this pattern is $9,600 or $10k.

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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Sangkira katem vote kuh meusigoe, ka mangat takeurja.... Luar biasa bermanfaat... I appreciate this post..

  ·  7 years ago Reveal Comment

Hana utak kah,, lagee leumoe..

Thanks for information. Lets Moon Party!

  ·  7 years ago Reveal Comment

what is this bot??

Hi I follow your blog every time that's the top of steemit reading is done there are many benefits for all steemit user,this way you update news at Betcoin's top stay tuned because your information is very important and thanks your information @haejin

  ·  7 years ago Reveal Comment

Fueling up the rocket, getting ready for launch!

  ·  7 years ago Reveal Comment

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  ·  7 years ago Reveal Comment
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DCN? I believe it's on wave 2 which would mean serious profits for wave 3. But I could be wrong :)

  ·  7 years ago Reveal Comment

Nice post @haejin.

  ·  7 years ago Reveal Comment

Hahaha... What the ..

😎😎

thank you for the information, I so know, and add knowledge,

  ·  7 years ago Reveal Comment

Thanks for information

  ·  7 years ago Reveal Comment

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  ·  7 years ago Reveal Comment

Thank you for information

  ·  7 years ago Reveal Comment

Buenas tardes @hajin valiosa información....para actualizarnos en este mundo de la cipromeda...saludos...mil bendiciones

Good afternoon @hajin valuable information .... to be updated in this world of the cipromeda ... greetings ... a thousand blessings

  ·  7 years ago Reveal Comment

Hola enciende los motores que ya va despegar el cohete...saludos

what gets me is Bitcoin and Eth generally move together (for the most part). If Eth 5th wave extension is complete or nearly complete then a correction would come soon so that would be bearish short term, but per this analysis btc is seemingly looking bullish. i guess we will find out.

  ·  7 years ago Reveal Comment

Can we get your thoughts on EOS?

  ·  7 years ago Reveal Comment

Yes, will do later today.

You da man. Thanks for doing that.

Sir
What i should i do now
Should i hold and release those BTC..please tell me sir

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

can you tell me in more details

I seriously think that Bitcoin will go to 30 000

I'm interested what do you base this assessment on ? Thanka

Consensus 14-16 May that will be held in New York will take bitcoin to new all time highs

In General I think that the system is owned by the Rockefeller foundation. They wan't to push the bitcoin price. They are moving their assets to other types of values because of the expected inflation of the dollar.
That is my opinion

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