Bitcoin (BTC) Evening Update: Support Zones
SUMMARY
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Bitcoin (BTC) Evening Update:
The below chart shows a potential fractal of price swings. The white circle contains three arrowed lines and the blue circle outlines a similar fractal. It would be interesting to see how overnight price behaves. The lower white line of the triangle needs to hold against decisive breaches. As a support or resistance is touched, each time weakens it. Most often, the support holds longer than the sellers' stamina; however, they do at times get breached.
I've included multiple support zones, three of which interect the wedge pattern. The fourth aligns well to the apex. These support zones could be use to establish rungs for the first ladder buy zone. I strongly urge laddered ladders! In other words, the wallet of available cash can't be emptied in the very first ladder. Use of multiple ladder zones is most ideal.
Legal Disclaimer: 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.
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Elliott Wave Counting Tutorial #1
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Thank you Haejin Lee for sharing this good info for us. Hope you get happier everyday
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i hope you are well
I AM.
Thanks.
Good to hear thanks for everything!!
I'm outtie, I don't want to be part of this.
That s why an absolute democracy is dangerous. The only downside of steemit....
Hello good evening hope everybody is well after this fall ...I would like to ask if this is still a healthy correction and lets find out the unhealthy scenario !!! I AM VERY CURIOUS TO SEE WHAT IS THE SENTIMENT ....
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Thank you!!! again and again!
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honey badger
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i never heard about Elliot Waves before this, and i really want to understand more. Thanks.
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Take a look at the free tutorials at end of blog.
@haejin
charted this an hour or 2 ago, before i came and checked if you had seen something similar, is my count right to confirm the Ending Diagonal and if so, is there just one more lower low to come??
Also is my understanding correct, that after this lower low, can it be either Up or sideways?
What keeps hitting the market in the negative?
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I just asked a question. ‘Tis all...
Dive into the whitepapers of the market you're investing in and see how their progress has become this far. There is the answer to your question!
I always assumed the market ran on pure speculation? I figured some devious billionaire was playing with my emotions.
Thanks for the BTC Update 😁
@berniesanders Don't flag...
haejin and berniesanders please support us on steemit...Make friendship please...berniesanders and haejin both are good...
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Bernie, check out my material. I'm a crypto analyst specializing in Elliot Wave Theory. Please consider following me if you are looking for original content as I believe my Youtube and Twitter is the most unique channel currently out. I currently have 80,000+ followers on Youtube, Twitter, and here combined where my goal is to help improve the crypto community. I hope it'll add value to your crypto career through my enthusiasm and love for crypto.
https://steemit.com/bitcoin/@philakonecrypto/btc-bitcoin-feb-5-3am-update-elliot-wave-arguments-deduction-targets-bull-and-bear-scenario
https://twitter.com/PhilakoneCrypto
https://www.youtube.com/users/philakone1
Lol. Do you not realize Bernie is literally shitting all over TA with the comment you replied to?
You really missed the point here.
what man!!!!
I am somewhat new to TA but I made this analysis, we could be doing a reverse symmetrical triangle correction right now
I've rarely seen a broadening patern for B wave.....
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good post thanks @haejin upvote and resteem
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Good job @berniesanders
Shut up, sycophant.
Nice analysis.
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You are trolling. Pls stop.
Best of luck with your reasonable request.