SUMMARY
Bitcoin (BTC) has thus far bounced quite well and has retaken the upper white trend line; though temporary vascillations will not be surprising. At the very least, it is encouraging to see. The optimal count is shown below where an impulse would continue upwards with the minor ABC correction likely complete.
The blue waves further subdivide white wave 3 and shows how the current bounce can fit into the overall count. IF this is correct, blue wave 2 would be next and yes, an abc correction of a micro degree is likely. This could what the overnight price activit could consist of.
From a pattern perspective at a higher degree of trend, the below depicts a potential ascending right triangle. The $11,800 seemed to be persistent zone of resistance and the blue horizontal line reflects this. The white arrow provides how price usually moves within an ascending right triangle to achieve a breakout.
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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Thanks for sharing! Will look at $11,800 zone.
Thanks, very good post !!!!
Awesome Work!
Keep it up!!!
@cryptoinvestinfo
What is your favorite Hardware Wallet folks?
I'm happy with my Ledger Nano. It has the basic functionality I need and it's reasonably priced. Up until the last firmware update, you couldn't keep many apps for different coins on your Ledger at the same time, but that seems to be much improved with the new update.
My biggest beef is that I'm not a huge fan of the clunky Chrome app software that they're using currently, but they are releasing a client soon as Google will no longer be supporting Chrome apps in the near future. That being said, it does get the job done.
My only other potential concern regarding Ledger is that I wasn't happy with the way they handled the latest firmware update after someone found a security exploit. I have a suspicion that the exploit is more serious than Ledger initially let on, but no one will know for sure until they release the exploit details on the 20th. In the meantime, update your firmware before the 20th.
Could you do an analysis on the son of Tron: OCN? It looks like it's about to explode from a TA and the fact that it will be integrated as a payment method to the world's largest bike sharing company this month. It's an all time low as well. Perfect time to buy if you'd ask me.
I wouldnt bother with that shitcoin
Shitcoin? Are you being serious? It's being used for oBike and Grab payments. There's no other coin being used for real world application and purchases.
Litecoin?
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Bitcoin rate is playing jigjag between 8k to 12k. Is there any possiblity to grow more in march? and really bitcoin rocket will reach the moon? 😊
Thanks @Haejin for your nice analysis.
Thank you for update
Thank you for the update, always enjoy seeing your work.
Thanks.
Is this account yours:
https://steemkr.com/bitcoin/@haejin/tenx-pay-analysis-tentative-hold-please
?
Yeah idk anymore. I put a stop buy order in if and only if BTC market can move up. I am seeing way too much manipulation in the market. Maybe BTC is dead, idk. Im not risking any more money on this poop show till the market proves it.
https://steemit.com/bitcoin/@kiyosaki/cboe-bitcoin-futures-and-cme-calendar
Bitcoin Futures Reference
Good
Nice logical advice. I like the disclaimer too. Hopefully bitcoin exceeds 12k mark at the end of the year.
If you are an airdrop hunter this channel is for you https://t.me/gtga_channel new airdrops every day
does this mean the reverse h&s is invalid ?
haejin's primary count could still be invert head&(double)shoulder, depends on breach of neckline..
Thanks for the Update. I am keeping a close eye on the 15 min time frame and the potential bull flag that is forming.
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thank you for information. can you do actualization wibe please.
Would you please do XRP, and ADA?
please XRP, ETC, and ADA
글좀 적당히 남겼음 합니다.. 당신글뿐이 안보이네요..징함
Dear @haejin
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Dear @haejin
You have been flagged via the flag-a-bitch app. The reason is you have been found to be Raping the reward pool with a rate of around 2.133% of the reward fund. To add onto this, your TA's are so horrible that a simple check with a mock portfolio will provide a negative value.
The flag-a-bitch app is being used on you because of your consistent blattant abuse of steemit through means of: abusive self-upvoting, collusive coting groups, and disagreement on rewards. Since we deem that you have been damaging the steem economy, we flag you.
If you would like to help us out with our quest to fight abuse you can check out our post here.
Thank you!