Bitcoin (BTC) Morning Update: Bullish Wick? Target Remains ATNH!
SUMMARY
Change is the only constant in a trader's life! Actually, that's a Universal constant! To that end, overnight prices did what looks like a bullish wick and price as already come back into the triangle. From current levels to the top of the upper triangle line is only $68 away and should be easily breached.
The MACD below shows what a cynic could accuse as being a bad and wrong call! Well, if that cynic had a positive mental attitude and fortitude to learn something, his cynicism would be washed away. Remember, Technical Analysis constantly adjusts for the changes and slightly adjusts or realigns the probable price pathway.
I've updated the MACD labels and the destination remains original. I've consistently said that multiple pathways lead to the same destination and here is a prime example!
Bitcoin Cash (BCH) continued chugging upwards overnight and is now correcting in a healthy fashion. The video as all the details but I've raised the target to $2,296.
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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Legal Mumbo Jumbo: 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.**
A bit out of topic.
Found a great picture showing exact timing of Poloniex "wallet problems" with BTS. I don't like conspiracy theories, but I think picture says it all.
To me this would make me move my coins to poloniex to capitalize on this issue lmao.
BTS to exchanges is what Dash is to PayPal and bankers. This kind of actions is to be expected. Plus BTS is still a growing project. Some of them could have been real issues blown out of proportion.
@Haejin, I got hit by suncontact (SNC) a few months ago... I did not invest a lot... but anyways I see it forming a Cup & handle pattern maybe?... It did 100% in the last week or so already.
What do you think
Happy holiday!
Nice update, thanks! BTW, title says "evening update".
That’s for the valuable info...Bitcoin cash is looking really strong and the charts look promising. Will you
Awesome. Thanks for the updates and education. Learned a lot from the the latest video. I want a blue line not a red line! haha
That was pretty fun to look at one trader selling 200 BTC at 8080 then 8075 then 8074 lol
I guess he was trying to dump the prize below 8000 or so but stopped selling when only 50BTC where sold.
Thank you!
yipeeeee, BRX has pumped up
PMA PMA PMA PMA PMA PMA PMA!!! :)