BTC morning update 14.02.18

As I am writing this, BTC is trying to breach the neckline again.

I told you two days ago, that BTC might not be able to break it on the first try, and that we could see another pullback first. BTC did this small pullback and is now trying to break it again. It looks good and fits the wave structure well. But there is a chance, that this move up is only wave b.

If this turns out to be a wave b like haejin suggested, we might see another breakdown in wave c before BTC is finally able to breach the neckline and start the next bullmove.

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Still not breached. But no significant move down either. Looking like it’s hovering just below resistance levels. Hopefully it will break through today and we can confirm the change in trend.

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Great info man. Yeah I have been watching BTC like a hawk. It has never bounced around in a certain thousand dollars like this, this long. Hopefully this is is the time and brakes out so we can test that 10k resistance.

Good info sir. Thanks for updating

This very nice post i appreciate your bitcoin thanks for sharing this crytocurrency news.. Best of luck...

It's bound to happen and probably sooner than later. I cannot believe how many people were fooled by the JP Morgan report that see-sawed between doomsday and utopia. They then came with a fresher version claiming that all was good - as if they hadn't even published the previous report.
I have been watching crypto price analysis by mainstream for some time now and have come to the in inescapable conclusion - mainstream is blind where crypto is concerned.That being said I would recommend that we all take a closer look at what people who are actually involved with the blockchain are saying.
@ew-and-patterns - I think your analysis is on target. Thanks for the share.

very good post. and thanks for this info :)

How many times can it try to break the neckline before the head and shoulders is invalidated? I didn't realize it could be repelled and still be a valid HS pattern. I love learning this stuff it is so interesting. Thanks for posting EW&P!

I don't think there is a limit (at least I have never read anything about a limit), but in this case two more retests would not have made sense from an elliott wave point of view...

It looks good! Sooner or later, BTC will go up.