SUMMARY
Bitcoin (BTC) price action today has been declining after breaking down from the upward pointing wedge pattern. Thus far, it is and will likely remain a minor correction that coudl follow either the blue or white arrow pathway as shown in below chart:
I've updated the Elliott subwaves to count a full impulse with the new price data. I believe blue corrective wave (a) will probably reach the 0.5 Fib zone while and following the (b) wave bounce; the blue (c) could decline towards the 0.618 Fib zone. This correction still has the indicators for a ZigZag (5,3,5) correction. Let's see when the blue (a) completes and the onset of (b) takes place during ovenight price moves.
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We're still stuck in this range. So much for the Network Effect.
Thanks
Thank you ^^ as always
Waiting for it to reach 10.000$ dollar to invest some ;)
I share graph and analysis
Taking the height of the triangle as a wavelength parameter that we already see that it was exactly fulfilled in the first cycle of correction waves
A correction of 5,3,5,3,5 could take us to 9,200 dollars again.
What you think?
Your graph shows a 3 3 5, it's a flat correction in EW theory. It's a really probable option, time will tell.
Thanks again for all your posts. I will be watching the 50 DMA closely. Below that and Look Out Below!
Thanks for update!
Thx. Resteem. :)
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1- Sell Walls - What are they and how to take advantage of it
2-Crypto Pump and Dump Groups - What are they, How do they work and Why you should Stay Away!
Feedback would be really appreciated! :)
Dude! Are you posting duplicated content on Steemit? The article you posted today on Steemit appeared months ago on another website. STOP!
Really informative update. Thanks
По мере того как Биткойн вырос, он был вынужден бороться с потоком трафика в сети. Разработчики разделены о том, что делать.???
ok:-)
You have saved my life @haejin
Many big thanks !
Thank you
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Coins mentioned in post:
Excelente contenido, realmente me sera de mucha ayuda!!
Buen post!
I love this! I am new to Cryptos so all the help is greatly appreciated!
thanks a lot
Nice update. Quite informative. Thanks for sharing @haejin ✌
Good one
Hello, thanks for the updates
Much appreciated Haejin!