Bitcoin (BTC) Morning Update: A Bigger Picture Shows Best
SUMMARY
Overnight, Bitcoin (BTC) seems to have broken out of the smaller downward wedge pattern that was discussed yesterday. However, price has not reached the 0.618 Fib level (blue circle). It's a bit unusual for the correction to end like this, so likely, a lower low is still to be expected. The video has more details.
I've now expanded the bullish downward wedge to the whole correction. You can now see how the smaller wedge as shown in the first chart fits into this larger one. The red ABCDE waves have been labeled and E is still calling for the mid $7,600 or so. While still keeping into awareness that there can always be a D wave breakout, it would be too far away from the apex and unlikely to provide a sustainable rally. The E wave breakout would be most ideal.
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.
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Elliott Wave Counting Tutorial #1
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Tutorial on the use of Fibonacci & Elliott Waves
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Heajin you have mental issues. You are so obsessed with the money. You can't stop spamming your worthless posts. You will keep doing that just to get the money.
Fortunately more and more people see that your spam is destroying Steemit. Your end is near!
I think its ok if he is making money by posting shit. I probably need to find out how he makes so much money.
What i do not understand is that this is absolutely nonsense TA and people are listening to it. Crypto is still ok. His TA on equities is beyond bullshit. May be people upvote because they get curation rewards. May be he upvotes his nonsense and then bots do the rest. Everywhere every system is exploited if it can be. I hope no one believes this nonsense looking at the payouts.
The Steemit Donkey's only upvote comes from @ranchorelaxo (his cowboy boyfriend) and his own self upvotes (made possible by his cowboy boyfriend's SP delegation to him). Without self upvote and rancho vote, his posts are worth about 3$ each. We saw this last week when rancho didn't upvote a bunch of his posts. See my blog, I wrote a post about it with screenshots.
thanks for the reply, i now get why this BS gets paid $200 per post. Frankly its not even worth 3 bucks.
Well, if rancho stopped voting altogether, you would see that 3$ disappear once people realized they couldn't get any curation rewards from upvoting his posts before rancho gets there.
Another know nothing newbie spouting empty threats so he can skim some upvotes from the deplorables.
Dan you know nothing. For example check the latest post I've resteemed. Heajin is pathetic, greedy person and if my comments cause that people will stop upvoting him, it's worth to type them.
And don't you worry about upvotes i got. I will probbly get nothing becouse heajin will flag me after 7 days. He did it to other people. He thinks noone notice that after 7 days. Pathetic.
Mmmm i think he follows elliot theory a set of rules. calls what he sees through these paremeters .so how can you call him mentally ill and say his posts are worthless. The fact is all those who use the theory must in your eyes therefore be self obsessed and metally ill. You make your own decisions you have a choice to listen to him or not. I find him calming informative and thought provoking in the stormy seas . Im a big boy i still make my own decisions. Hes my first stop on youtube and steemit. Keep it up haejin
If he flagged you after 6 days and 12 hours it would have no effect on your payout. Maybe you should learn how steemit works rather than just regurgitating the talking point of lindsey bowels.
You don't know shit LMAO! You can flag a post until the last second before payout. It's upvotes that don't count in the last 12 hours.
@haejin's downvote on my 7 day old post ^^ 1 hr ago
Post pays in 28 minutes.
Maybe you should learn how steem works ya noob.
People upvote him of their own free will. Sure, I think he makes a ton of money out of his posts but he has found a way to do that. He does it in a way that people respond to and that’s what Steemit is all about. Things that negatively affect Steemit are the massive downvote campaigns that I’ve seen on some of his posts. Just let it be a free market and that’s that. No reason to rain on anyone’s parade
Coins mentioned in post:
Please we need an update about sbd
Blockchian is the future of internet.
Facebook has also launched Blockchain Research Group which is headed by former president of PayPal just few days ago.
Blockchain is going to be massive revolution in Technology and every big Tech company is in Silicon Valley is working on Blockchain including Google, Microsoft, Amazon and Apple has also launched and patent his projects on Blockchain in 2017, for distributed ledgers.
Hi every one.
I'm new on steemit and very passionate about Blockchain, Crypto and for new revolutionary technologies.
Please help me to grow on steemit so I could share my thoughts which could be very productive for steemit community.
You cooperation would be highly appreciated.
First 7700$ then all time high at 20 000$
@haejin, the sense of reassurance is amazing. Thank you for everything you do.
It's a major problem for newbie.
Very good.. Upvote back!!
I really hope at the end of this month of may we will see again the try to break 10k $
Very informative post. hope to back with such valuable post.