SUMMARY
Per this morning's update; Bitcoin (BTC) has broken the bottom white line of the flag pattern and this can clearly be seen in the below chart. Given the preponderance of trend and prior fractals; this primary count shows the likelihood of the next smaller flag being patterned out overnight or tomorrow to be very probable. The second flag could be formed at a bit higher than drawn but that would not alter the count, pattern or indicator. Expect all of Cryptosphere to follow in this decline of minor correction.
What's the top alternate scenario? The below chart has lines drawn following the contours of the price bars; at their tops and bottoms. Thus far, a symmetrical triangle can be discerned and this is for now labeled as red ABCDE. Of these, A,B and C are complete and that leaves D and E. Don't forget that not every triangle pattern is absolutely required to have five abcde waves; thus 1/3 of the times, the breakouts occur at wave D and that certainly could happen here as well. Whether the minor correction progresses in the primary or the alternate pathways; it really shouldn't matter because the destination remains likely to be the same.....UP!
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.
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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To the moooooooooon
Hey @haejin you are very bad and your every post read signal @rzaman
Coins mentioned in post:
Greatest your post , knowledge is best , thanks friend
Can you do update for Bitcoin Cash and Tron?
I thought your primary scenario was a bit to harsh downward in this bull market. Everybody is FOMOing including the big players. But I am fully in agreement about your alternate plan as shown here. That's very likely imho
destination is the same, but we have to target somewhere to buy :( thanks for the update m8
Hi!!!I am Md Ataujjaman Ripon..
Thank you so much for your post.
I have learnt many thing from your post.
Again thank you for teach me some important thing
..Please continue
I am with you
Update on EOS ?
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행복한 날 되세요.
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Have a happy day.
Thanks for providing the alternate count
Despite the analysis on this chart, I can see clearly how the bulls effectively making way up. Somehow if the bear continues to upset bull, we will see it in another days or months.
@special-agent nobody cares about your flagging requests. We are not flagging @haejin. So go suck a big one and ram it up your A$$.
Hi @haijin you are not good because your post is always flagged and get signal @jayman20
What do you think will happen?
Good post . I follow you
Great post!
What kind of words can be used to classify some as good as you, boss I fancy you alot...
@haejin i have upvoted you always... Please upvote my content once i will be thankful for your such kind act...
@bakhtiar25 .... u r stupid... u shd not upvote this guy
stop begging spamming fuck off
let others do as they please.
your unwarranted vulgarity says much about the self-hate that torments you.
worrying about what others do is the least of your problems.
look in the mirror. ok now pop that pimple.
then say.. i love you... (scream it!) I LOVE YOU !
is your reflection still there? no? gone..... !
shit Ok it's worse than anticipated.
well... now you see how much hate you carry.
your own reflection doesn't accept you. that's tough.
learn to love again... muah x
@teknow you're on the @abusereports naughty list! Bad Steemian!
shit man the effort you go to... all to be the joke of steemit.. rough life.
@teknow you're on the @abusereports naughty list! Bad Steemian!
Nice 😄
Great post dear friend,your post is informative thanks for sharing dear friend have a great day.
Peugah nyoe peugah jeh, koen ta vote jue sineuk sapoe, nak tajak pap ase jue saboeh sahoe... Nice, pap ma is appreciate...
We all are waiting for bitcoin to cross at least break the previous high of 20,000 USD. But it is moving at a very slow pace