Bitcoin (BTC) Mid-Day Update: On Track to $10,726

in #bitcoin7 years ago (edited)

SUMMARY

This morning update had blue wave 3 and 4 and price seemed to be putting in wave 5. It was indicated how unlikey it would be for this current rise to decisively breach the upper white trend line.

The blue Elliott Waves have been slightly updated to show that waves 3 and 4 are now in and 5 should tage the $10,726 or briefly pierce the white line.

Here is how the Inverse Head & Shoulders fits into the larger white upper trend line. The white trend line and the blue Neckline both pose as resistance points. This is why the current rise is unlikely to bust through both of these lines. The blue arrow line shows a potential pathway and represents wave 3 of 3 which is the only wave with enough strength to move it upwards past the resistances.

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?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

Sort:  

yeah..i also agree with you...@grumpycat...
this tags are so common.. if he follows your comment,he will get a good advantages-i assumed that...
you are a good advisor....i always try to follow yo, sir...
you seems me as like as boss,well writter,photographer,advisor,other else...

Screenshot_2018-01-10-13-53-47.png

@upvoted @resteem your comment..
thanks sir

Spam is discouraged by the community, including comment spam.

Tips to avoid being flagged

Thank You! ⚜

Anybody doubting @haejin's global reputation and brand?

Listen to this, video found and posted by @johndogett ,where @haejin is mentioned and acknowledged at 55:20 minutes.

The man @haejin is just good, and i (we) are proud to learn from him

I arrived at Steemit by one reason only; to learn Elliot Waves from the one acknowledged best at this.

I've been trading for a (very) long time. Elliot waves and similar analysis is going to help you gain structure, but beyond it, anything that has you creating a series of if, then statements on your charts is overall very (putting it lightly) tough on discretion.

have you found anyone good to learn Elliot Wave from? Pls share

I traded quite a bit stocks years ago, but a family crisis turned my life upside down and I had to ease down the stress.

Back then I never tried to understand TA, but traded on gut feeling and fundamentals. With all the fud and hype in crypto that is no good combo... Made a lot last year but mostly because the bull market we had and a few good trades.

Came here in december and started studying, and have made few but mostly successful trades because learning the alternatives in EW made me able to stand off all the distractions better. I have also made me a habit of not to trade all in all out.

True true, it has helped me gain structure 👍

And learn you will, from the best! Thanks @thedolphin

BY PARTICIPATING HERE EARN FREE CRYPTOCURRENCY HURRY LAST DAY TO JOIN !!REQUIREMENTS:

BONUS CHANCE TO WIN OVER $3000 USD WORTH OF DEVIANT COINS! 2000 PARTICIPANTS! HERE @ http://vy.tc/epnbv85

Oh, I have a lot of group with crowded members.
Please coctact me to discuss about your post

Which nonsense is this? If i had enough SP i would downvote you to negatives!

If i had enough SP i would downvote you to negatives!

Keep your hallucination on fire!

lmao, free coins whats not to like?

Stop self-promoting yourself o someone' else blog, if you want to do that, at least engage and discuss the post., not also posting your own stuff. Please don't do it again. I am removing my small flag.

My kids see a doggy and handle
Screen Shot 2018-02-27 at 4.35.43 PM.png

good one lol

The price of the peak (wave 5 of 5) is wrong. it is positioned at 11.000,- and not at 10.726,- ... or do i get something wrong here?
I would say 5 is already in and we are in the ABC now​.

That’s what I was thinking, I think it hit a little over 10,800 already. Either way, we know what Haejin means. Thanks @haejin

Donkey Shit!

Hey lickass why are you getting involved in something that is not your business, I am going to start flagging you from my other account that has more that 35,000 followers, so that close your mouth, or open it and go lick the Korean's ass for pennies.

JA JA JA JA JA (This is fun!)

Chinese Scammer @haejin Is A Little Japanese Fudge Packer (Flag @haejin Jackass)

https://steemit.com/life/@emmajoy/chinese-scammer-haejin-is-a-japanese-little-fudge-packer

look my prediction

It's 10 thousand 7 hundred and twenty-six. The comma isn't a decimal.

Hey lickass why are you getting involved in something that is not your business, I am going to start flagging you from my other account that has more that 35,000 followers, so that close your mouth, or open it and go lick the Korean's ass for pennies.

JA JA JA JA JA (This is fun!)

Chinese Scammer @haejin Is A Little Japanese Fudge Packer (Flag @haejin Jackass)

https://steemit.com/life/@emmajoy/chinese-scammer-haejin-is-a-japanese-little-fudge-packer

You could not be any dumber

I do not see a good buy signal yet.

I think he meant to say 10.926$ instead 10.726$. I think is from the cursor-mouse problem.

Good post sir i really live this particular update

Donkey Shit!

Hey lickass why are you getting involved in something that is not your business, I am going to start flagging you from my other account that has more that 35,000 followers, so that close your mouth, or open it and go lick the Gay Korean's @haejin ass for pennies.

JA JA JA JA JA (This is fun!)

Chinese Scammer @haejin Is A Little Japanese Fudge Packer (Flag @haejin Jackass)

https://steemit.com/life/@emmajoy/chinese-scammer-haejin-is-a-japanese-little-fudge-packer

It has already reached $10,888 a few hours ago on Bitfinex.

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 209.10 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".