Bitcoin (BTC) Morning Update: A 50:50 Outlook

in #bitcoin6 years ago

SUMMARY

If we stay with the impulse count as shown below where circled white wave 4 is complete and circled white wave 5 is in progress; then it would probably look like the below chart. The blue waves show the subwaves of wave (3). This means that blue wave 3 needs to put in a higher high without wasting any time. That higher high would be above $9,750 or so.

The alternate count is still that upward pointing wedge which is labeled as abcde. The last wave e needs to be placed; so expect a bounce towards $9,700. IF there is a higher high; then probable pathway leans towards the impulse scenario. IF there is a lower high; then the ABC red looks likely. To these, I would give a 50:50 outlook as both being equal in probability. The only thing I don't like about the ABC scenario is the time proportion compared to the prior waves. It would make sense if circled wave 3 was actually a circled wave 5; but that's another scenario I won't discuss here.

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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Good luck~^^

Bad luck..dear..

Yeah my dear friend. I am ready for @ haejin Post attack.....

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Thanks your update about BTC and some tutorial Elliott wave. I'm finding this article

1 minute from the update! I get the yt video before :D

I will keep this information. Good luck Haejin.

thank you

Your content in the post is absolutely right however 4h candlestick chart is indicating that there is a strong resistance at 9750 which seems hard to break for now, but if it breaks that level we will see an upward rely again.

that’s why I present the 50/50

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I feel that Bitcoin needs to shake more btc out of alt-holders before it can continue up. As a percentage of the market, Bitcoin is 36% right now, during the peak of the alt-boom in early January, Bitcoin was 32.5%. Still feels like many alts are overpriced.

I wonder how SBD and EOS are going

Come on, one time baby !! Papa needs a new sandwich

It is going to 30 000 mark my words. The World is becoming crypto it is amazing time to be on the planet Earth.

Very impressive stuff,especially to someone like me brought up with Old Folke Lore forecasting - Reading Tea-leaves,Seaweed, and 'If the Cock Crows 3 Times before dawn we shall have rain'.

But convinced enough with your scientific analysis method to upvote & Follow.

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nice $ good luck

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Yah very good post. Good analysis.

@haejin Can you please do an analysis of VERGE(XVG/USD) Please?

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Good luck and prosperity!

$300 from rancho to report exactly nothing. Price might go up or down. We knew that already. LOL

LUDICROUS POST

Hey haejin you are bad boy your totall content just very bad..i don,t like your post..your every post give just other blogger..
So you are so bad one..

you are the ones that are bad hahaahah

He did it again ! This time with BITSHARES !

Thanks Haejin

Thank you Haejin. As always your perspective is much appreciated. Is the MACD compressing again as it did a couple of weeks ago? Is there a case that there still is a possible shortage of sellers even at this level?

Great analysis, thanks for sharing. I've smashed the upvote button for you!

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very very good post🙏🙏
thank you for share post❤
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