Bitcoin (BTC) Mid-DAY Update: The Ascending Right Triangle Pattern is Still in Play!

in #bitcoin7 years ago (edited)

SUMMARY

Interesting how price just downdraft declined this morning. Five waves can still be enumerated (purple) and that is the marking for blue wave 1. Blue wave 2 can be in progress in the form of an abc (red) and the retrace of blue 1 by blue 2 could be 0.618 or higher. In order for this count to remain valid, the retrace can't make a lower low.

The bounce yesterday can be seen in the form of this ascending right triangle pattern. IF this bounce continues, the $11,800 could pose as a resistance from which multiple touches will likely be required to breach towards the higher zones.

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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smart people like you brother @haejin, always have interesting reviews to read, you are too humble yourself, but your writing deserve thousands of words praise, @haejin is not an economist, but @haejin can provide solutions, inspiration, in various conspiracies, which is being experienced, in every description in the form of narrative, because he is a stemians who have a high existence ,,,,

Haejin can even make a blog post that isn't GARBAGE!!!

someone will not be considered a telematics expert if he is not able to distinguish vidio and photos, recordings, and sound original and fake, someone also will not be considered the author if he never wrote anything, but everyone will still consider brother @haejin great person with writing that always gives the assumption and his opinion is accurate and accurate.

You can't even hardly watch his videos. The quality is so god damn shitty. I swear he uses a 486 PC to do his work on. He is a piece of shit scammer only here to take YOUR MONEY. If you FLAG HAEJIN , you will make more money on STEEMIT.

Pretty sure the triangle will play out well @haejin.
Bitcoin is up in the light again

It looks so bloody.

It sure does.

Oh! Tibetan prayer flags :)

bitcoindemand.PNG

My view still looks good. glad to see you have a triangle. we should be ok.

It's only meant for use as informative or entertainment purposes.

@Haejin You do not provide any entertainment. I brought you some.

download.png Not going beyond 9150....

It did already now go away loser

Another day, another prediction. I have checked your predictions from last 2 months only like 5% are valid. So if I would invest into it, today I will lost more than 70% based on your predictions. What is the point to do that?

Also I do think we are in a wave 2 correction as haejin outlined, based on my limited knowledge. I studied all of Haejin's elliot wave tutorial videos. They were pretty informative.

 7 years ago (edited) Reveal Comment

that's why it's good to compare different technical analyst. Haejin seems to not be too far off from the consensus of others, but sometimes it may be a little more optimistic or pessimstic I think maybe because it's motivated by self-interest (e.g. he wants btc to go up because he already bought at the last dip, but instead it went down recently). With that said, Haejin is one of the technical analyst I often check up on for btc movement predictions at the moment.

If you FLAG #HAEJIN you will make more money on STEEMIT.

Join @FlagAWhale if you are tired of him stealing your #Steemit Rewards

I too was recently dissapointed in the performance of some of the "shitcoins" that Haejin recommended. No longer will I buy any more shitcoins.

Bitcoin price with 2 possible paths

Bullish 10000 and 12500 dollars
Lower low 6000 dollars again

Find out why

I want to use this Steem channel to contribute ideas and debate them among all, but it seems to be only a one-way channel if the ideas and contributions of others are not supported by the votes.
Giving your positive vote costs nothing and helps others grow.

it's possible. that's what happened in the last big correction we had but wave 3 is supposed to have explosive highs.

Sometimes the lack of volume limits you to more possible objectives

On steemit, people on the whole only upvote themselves

Keep publishing and you'll understand

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This is very interesting to me. I'm just getting familiar with the whole Bitcoin thing. I know people who are investing in this market. I threw you a follow and an upvote! xo

I was noticing the formation of the triangle as well. I'm hoping that's a good sign for an upward momentum. :D

Come on bears! Let’s bring it down! Thanks for sharing Haejin!

I will invest since I could lose with so much hold with the altcoins

what ever it is, believe in bitcoin, because in the end it always goes up.

Interesting, I got the resistance to be at $11035 Good job broo!!!

Hola.
Creo en que el Bitcoin hará repunte esta semana.
Saludos

Oh! Tibetan prayer flags :)
I am very interesting.
😇😇😇

Looks like a bear flag has formed at the bottom line of the ascending triangle. If this breaks down, we should see 5600 quickly.

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Upvote any of my posts @ato123 for a follow and upvotes on all recent posts

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hum...

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The bottom is moving up and waiting to break through 10,000 to stabilize support

thanks haejin lee for the great technical analysis

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Thank you for posting this video.
It is very interesting.

haejin1.png

#haejin
sublimemes :)

It's only meant for use as informative or entertainment purposes.

@Haejin You do not provide any entertainment. I brought you some.

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!

 7 years ago  Reveal Comment

If you FLAG #HAEJIN you will make more money on STEEMIT.

Join @FlagAWhale if you are tired of him stealing your #Steemit Rewards

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