SUMMARY
BTC is still at the CRITICAL JUNCTURE. Still, the below remains my primary count and I've shown this pattern for over a week so no real chage; only high alert sensing. Eventhough we are at a critical junction, the below Inverted Head & Shoulders bullish pattern is expected to occur. This pattern would provide the mojo for Bitcoin to well exceed the upper trend line.
Watching the behavior of Bitcoin price in shorter time frame, the below pair of fractals was noticeable. Note how on Fractal #1 (blue box), the initial decline was followed by a 62% rebound and then a smaller decline for a higher low prior to exceeding prior peak. Now, the white box shows Fractal #2 as having completed the initial decline from the peak and is in the process of shaping out the rebound.
The rebound for the Fractal #1 was 0.618 Fib and if this could be the same for Fractal #2; then $11,361 could be the rebound zone for Fractal #2 as shown in Fibs below:
Bullish case scenario could show how the price pathway could travel by adhering to the fractal. This scenario would allow the entrance of New All Time Highs! HOWEVER, we MUST keep a vigilant eye on the current critical juncture. It's not the time to allow FEAR to dictate our trades, but rather outcome probabilities!
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
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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thanks for the update haejin! I see that you focus now primarly on fractals, is that due to the lack of confirmation that the bottom was reached? Or why you dont post EW updates lately?
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Good
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Lmao!
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Wow
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Great post! Follow me and i will follow you. I will auto upvote anyone who is following me.
Check https://mykucoin.com for more Cryptocurrency news
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up vote
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muy buen trabajo gracias
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Thanks again for your analysis you've taught me so many things in the past 2 months
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This airdrop seems amazing they giving away 70$ per person more here:
https://steemit.com/airdrop/@s3cr3t/airdrop-70usd-100-ebtc-tokens-already-trading-at-0-7usd-piece-takes-20-30s
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2만달러 가즈아!!!
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IF All Time New HIghs, probably much higher than $20k
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Guys if we don't hit 1 million dollars we need to see John McAfee eat his pee pee... buy!!!!
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he said 2020
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ㅇㅇ 해진형 비트는 모든 순간 최고로 갈수있을꺼임!! ㅋㅋㅋㅋ
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God bless you HaeJin
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@haejin 해진님 매번 올려주시는 차트 잘 보고 있습니다. 감사합니다.
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I don't see how fractals are relevant here as the first fractal didn't bounce of the upper channel and therefore had 'room' to go up further. Resistance is way stronger now.
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I see bitcoin going thru a wave 2 correction soon before it goes up
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Support have been breached !??
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Don't just view this post, UPVOTE IT, it takes literally one second to click upvote!
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Thank you @haejin
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U r amazing
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FREE COINS February, 21th #AIRDROP #Bounty #bitcoin#USD #ICO
https://steemit.com/free/@riann/free-coins-february-21th-airdrop-bounty-bitcoin-usd-ico
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Some doubtful words if I may
if you listen I shall dare say
if graphs don't go the right way
method or the man should dismay?
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I am used to read urs more often but couple of days u r busy I guess @haejin
Seems like another triangle is poping out..
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spot on for the triangle, indeed is forming...
only critical point is: that shape is the must bearish formation!
Bear triangle.png
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:))) yeahh I have been lookıng many charts so I got blury yes direction is opposite..thanx man
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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 262.01 SBD, based on the pending payout at the time the data was extracted.
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thanks haejin for this post, to be honest i still do not understand about bitcoin and until now i still try to learn its ordinance to join bitcoin .. this post may be able to meberi my hint and i see your post relate all about bitcoin ... cuman have not had time to read all of her ... thank you. always success.
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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 53 and the total pending payments to posts in these categories was $4645.60. To see the full list of highest paid posts across all accounts categories, click here.
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good post and useful, terimaksih have
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https://steemit.com/cryptocurrency/@thereaper1233/haejin-destroyed-my-steemit-account-evil-monster
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업데이트만 기다리고 있습니다. 정말 잘 보고 있어요. 업보트합니다.
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감사합니다. I am not a weak hand!
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The above photo is invalided.
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Nice count, I have to agree. The last two rises skipped waves D & E, that would be fine as well.
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