BITCOIN (BTC) Update: The Jaws of WEALTH!!! BIG Picture Analysis!
SUMMARY
Yeeehah! Bitcoin (BTC) has surged and put the projected new All Tim High during overnight price actions! I disucss the Jaws of Wealth impact in that there are multiple price pathways for Bitcoin to take but all lead to the same destinatino of a mid term target to $9,000. The chart below shows that Bitcoin is traversing within the expanding triangle pattern. It shows that the purple pathway which most Ellioticians were projecting, is now invalidated. The red pathway which I have as my current primary count, is the Expanded Flat A,B,C (red) correction pathway and it too leads to the same $9,000 destination. This means that prices could be repelled by the 1.236 Fibonacci area of around $5,500 or so. We shall see. The Blue pathway allows Bitcoin to touch the upper line of the expanding triangle at around $6,050 before it corrects hard. Price might even do a bearish pierce of the upper resistance white line and fall quickly back inside. These are exciting times so let's watch and see how it all transpires!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: 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.**
I like the sounds of a $9,000 Bitcoin
Bring it!
Nice analysis buddy and hope it will get an uptrend & reach higher destinations.
thanks for sharing.
Following & Upvoted comment!
Thanks for the read! Please feel free to make an analysis request.
yes bro @haejin.. I followed you and upvoted ..please you follow me... I wait for next post.
@haejin Good Analysis! ;)
Just throw insight on Btc hard fork(BTG) coming up around Oct 25th.
As per your analysis BTC will reach ath around mid October I.e , now (around 6000$) and ll dip from then on..
So considering Hard fork will this dip now?
Is it still a right time to invest as hard fork drawing people?
Where are the naysayers today?
Good analysis is very useful
Is there anyone who is both miner and investor in cryptocurrencies? What would be your advice to someone who is thinking about trying mining instead of investing? Is it even worth it at the moment? (After doing research I made a conclusion that it's better to invest but I still, want to hear from the people who are experienced in both fields. )
Move to where electricity is almost free. The GPU or ASICs inhale electricity and if your electricity is not below 5 cents per KWh, no profit.
@haejin, you need to update your hard earned profile score from 57 to 59 in video. 👍
If you get a chance would love for you to head over to my post and post your video on there!
Was wanting opinions on what people thought was going to be the high today for btc!
You're more than welcom to resteem! Thanks!
haejin , its looking more like wave V now
if so then we have one pullback before v of V
Let's see per the below:
Hey! Big thx for Your efforts. I'm still stuck with a lot of alts. Hoping I will make my exit timely.
Could You please make an update on Bitcoin Cash? Is there any future to it according to TA?
Thx in advance.
I have cancelled all exits until further notice. There is a chance that I might have to alter my projections. I'll update as needed.