Bitcoin (BTC) Morning: D Wave Breakout!!
SUMMARY
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Bitcoin (BTC) overnight price has initiated what looks like a D wave breakout (blue) arrow. This chart had been posted yesterday and day before. Just because it's a triangle formation doesn't mean ABCDE full set of waves are required. This is why D wave breakouts occur. IF this is a decisive breakout, then volume should also start increasing (white arrow). Ideally, it would have been best to have price reach the 0.618 Fib level; however the recent low did reach between the 0.5 and 0.618 zones.
From a forward discernment perspective, the below shows a smaller Inverted H&S which should have a target reach of $8,867. The larger IHS targets the $9,876 and that means that BTC will try and reclaim teh $10k once more.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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garbage
Please post Haejin Lee's conversation because there are so many traders who can not attend this valuable conversation
The misery index of reading this @haejin shite is very high. Check out fundstrat.
BTC price may rise if the misery index caused by reading haejin shite gets too extreme.
How should we expect this to effect the projected bitshares correction
Bitcoin will reach a million dollaras in few years at this rate.
That would make 1 satoshi equal 1 dollar.
Bitcoin ha bajado muchos dolares. Hace dos semanas estaba a casi 10mil dolares, hoy está en 8000$
If Bitcoin reaches one million dollars, one staoshi will equal 1 cent (not 1 dollar)
So as we can see this is small "B" wave of my "C" wave.
We can expect it to go in area of 8500$-8750$
If btc reach 8900$ that is singal for bull run!
But on 1 day my indicators don't show potential bull run!So for now i'm bearish for btc!
Target for "C" is 7200.But first we need to break support zone of 7700$-7800$
After that 7200-7300 is target.
My Main target is 7300$!
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 only my personal thought.It should not be considered financial or investment advice of any kind.I only want to share my thought with you.
With respect's Crypto Rado
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This is a bull trap...Btc going 7200!
Wow, you called it right!!
This is a good case to test what it will be.
wow...good job brother
EOS TA when you can please! Thank you Haejin.