Bitcoin (BTC) Morning Update: ABC is still on
SUMMARY
Note: I'm traveling so updates will be brief and no videos until evening. The key to look for would be five waves down for wave C as shown by the blue Elliott Waves.
The correction for wave 4 is likely still in progress. The only difference is that the waves have shifted to the right as time as elapsed.
The alternate count could be that an ascending right triangle could be in progress. The horiztona purple lines outline this pattern. IF this is the direction Bitcoin decides to take, then waves abcd are comlete and that leave one more wave down e remaining. Interesting to see volume confirm with a steady decline.
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 shoud 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?
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Thanks as always for the value to the community. Is the 13k resistance line not the real problem? Personal i think the A-B-C correction could be in play, there is away to many bearish traders around, wanting and expecting $4000 area.
Personally i am happy with my portifolio and over last few weeks the greed and fear has left me, eventually im realising that it all about investing in projects for the long term, buy and selling is simply stressful and in many cases very destructive to your mental health.
And probably it is time to make some noise and start the FUD game by letting bears out.
Yeah, agree. Just posted this on twitter. Looks like we will see a double top reversal if we don't break the resistance line. Also RSI is descending and we're losing momentum.
How To Easily Trade Ethereum/USD on the Daily Chart!
When your lost in the charts it may be time to go back to fundamentals. Traders dreaming of a 4K BTC because they missed the last dip and are now changing their tunes.
Daily and Weekly In-Depth BTC/USD Analysis (New Bull Trend or Bull Trap?)
Excellent way to settle and find peace. The future is going to be bright for cryptos and those who will buy and hold them. Even haejen wrote last week in a comment that he has 70% of his crypto portfolio being held long term and only 30% for trading.
I can tell you I've tasted the future and it was sweet, hitting around 25x on my portfolio before the correction. I didn't loose an instance of sleep. It's part of the journey that we must go through to get the upside of this new revolutionary blockchain technology. To think think we are only at the beginning is simply incredible.
".............there is away to many bearish traders around........" I personally don't know it they are traders or just chart-makers. What I do know are their following statements why BTC had to go down:
(in my opinion that actually is true)
Afterwards I'm the one who brooke the number one rule of @haejin: "only look at charts, never listen to story's"
At this moment the only "rescue" al bearish thinkers have left is the chart as it is placed by @jdog
Altough I'm not always very fond of the way @haejin posts his charts on the alt-coins I do like the way he gives his opinion about BTC/USD. After all, nobody can tell you 100% sure where a coin is gonna go. Giving several pathways looks at the only right way to do it.
The only thing you can be 100% sure of is that 50% of the chartmakers is right. It is going up, or it is going down...........
Have safe travels @Haejin, will be looking out for evening updates. Hoping for more upwards movements this week.
haejin... i have feelings for you bro. Can you please analyse my cockchain
Appreciate the constant updates! You're the man!
Losing Yourself in China, from Nilly
So when I was barely twenty years old I was travelling with a small group of people through China, and we were spending about two months in Qinghai province, which used to be part of Tibet. Our destinations was a specific town to teach English, but we'd been stopping often in towns and small cities along the way. One day we arrived in a rural town, very small, nothing unusual. We spent only a couple of days there, shopping for food at the markets and walking around to see the sights, although there weren't many. This was in the dead of winter, in February, and all the grass on the hills and plains around the town was dead and brown. The overall feeling was that of the normal kind of bleakness that any rural place has in the winter.
At this time in my life things were going amazingly, extraordinarily well for me, and I say that because my teenagehood had been rather darkly overcast. But the overwhelming good luck of being able to travel and these close friends I'd made in the last year had more than changed my feelings and attitude towards life — it was like I was a whole new person. I was ecstatic to be in Tibet, went to sleep with a smile on my face every night.
On our second day staying in this small town I woke up feeling a little odd. Not bad, just odd, like my normal thoughts and feelings had been turned down low, like on a dial. We all decided to go for a walk on the hills right behind the town, where there was a small summit with a pile of rocks and some prayer flags (to be honest there were little "altars" like these on every other hill, but it gave us something to do).
As we hiked up the hills behind the town I started feeling stranger and stranger. I wasn't scared, and I didn't feel angry or any strong emotion. In fact, it was like emotion was trickling out of me somehow, and I was getting blanker and blanker, emptier and emptier. My mind started feeling a little hazy and more and more I felt like I simply didn't care about anything. A small and rapidly dwindling part of myself started to panic, knew that something bad was happening, but it was like my own inner voice was slowly getting quieter and quieter.
I remember we reached the little summit and I simply sank to the ground next to the pile of rocks. Without meaning to, I started tuning out the voices around me and fixed all my attention on the little pebbles in the dirt. I began tapping one against the other, repeatedly. Do you know the kind of horror that is opposite of feeling scared or feeling anything at all? The kind of vacuous hideousness of a fly buzzing against a closed window for hours on end in an empty room? That's what was filling my mind. It was demonic in its meaninglessness.
I touched my face and felt that I was grinning at nothing. Through all the emptiness a thought floated to the forefront of my mind: You should just die.
At first it sounded totally reasonable, but something in me fought it and I was momentarily troubled. Right then, my group started to walk down from the hill, and I followed. The further we walked, the more normal I felt, until we left the town that afternoon and I was totally freaked out. When another girl, Hanna, mentioned in an odd off-hand way that she had felt very strange and depressed while staying there, I told her that I'd felt the same.
When the group leader mentioned that a local had told him that the town had been plagued with a rash of young women under 25 committing suicide, Hanna and I went white.
Could C be shorter than A?
I hope it wont go this way.. ıt would change the game for us like me who is waiting to buy in below 10K
Yes, cryptos have an affinity for them. When sellers run out due to having spent all their ammo on wave 1, wave c can be shorter but still with five sub waves.
wow have a nice journey
thanks for sharing
i am wating your next blog
keep it on
upvote and resteem done
매번 정말 감사합니다.
I was looking forward to the update! Thank you.
greatstuff!!! :):):)
Have a nice trip my friend 🙏