SUMMARY
Bitcoin (BTC) has started to climb up again. The short term count shows the higher degree of trend (blue) composed of its subwaves (yellow and white). Currently, blue wave 3 is being worked on and the microwaves (yellow) jives well as its subwaves. Yellow 3 is also labeled with white waves and the current climb could finish it.
Do you recall the white W and the blue W bottom price pathway that was presented a few weeks ago? I believe the white W bottom is in play because a lower low was not achieved!. The double downward wedge on this daily chart is quite bullish. The blue degree of trend waves are actually subwaves to a higher degree wave 3 as shown below.
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Lots a short stops lie above $8,500. When we reach there we should see some firepower.
What is the difference between these two?
Could you look at IOTA again? It has moved a lot since your last post. Apparently a wallet is imminent.
Price reacted to the sellers at $8500.
Lets see if the pattern below is correct, watch the pull back before the buyers take out the sellers.
Thankyou Master Lee! Sending the love all the way from Australia!
Would love to request a chart for Appcoins (APPC) if you get a chance to add it to your list. It is moving up nicely.
Thanks again!
Hoping I'm on the right track. Loving your tutorials too, thankyou!
I hope the bitcoin stays that way and keeps going up.
If it doesn''t rise above 8500, it will drop.
There is strong resistance at $8500. If price fails to rise above it, I wouldn't be surprised if it dips temporarily below the blue line.
A breakout above $8500 would send it close to $9500.
I prefer a continuation of the breakout after another dip below 8000.
You just may be getting your wish.
Yeah, so far so good. Now, I expect it to drop below $7000 by tomorrow.
thank you for your post.^^
Hey @haejin nice update again. You are genius man.
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Thank you for your insightful analysis :-)
Haejin, what do you think of this?
Different cryptosphere in 2018, surely. While this chart is a possibility, it's much more probable imo that we see a bounce into July (similar to the timing on the 2014 chart) and then a correction after that. How deep will depend on the height achieved prior to correction.
the love all the way from Australia!
Would love to request a chart for appointments It is moving up nicely
Thanks for sharing...
Floating up and down like life;) Don't you think BTC is overrated anyway? The idea of BTC was to create an alternative, not regulated crypto. I am afraid some large organisations will pump the bubble from time to time (like it was in Decemeber 2017) to discredit it.
Thanks again for your analysis.
Would you mind running IOTA once more
If the impulse plays out the way you've detailed we've got an Inverse H&S formation.
I just wonder how long will it take people to realize that BTC is only going up.
it wont be too long. another round end of 2018 will make people realise... hopefully
are you upvoting yourself with your other account @ranchorelaxo ???
Great post. Loved the way presented. Hope it keeps the trend , and hope big bull turn up comes soon :)
While Most are Bullish on Bitcoin... Could Price Instead Be About to CRASH?!
https://steemit.com/bitcoin/@investingtips/while-most-are-bullish-on-bitcoin-could-price-instead-be-about-to-crash
Good analysis as usual Haejin. I’ve got a slightly different count, but agree with your overall assessment. I see a clear path to $9,000 in the next 48 hrs if a few things happen:
https://steemit.com/cryptocurrency/@workin2005/bitcoin-breakout-what-s-next-correction-may-take-place-before-we-hit-usd9-000
... and @mikefromtheuk loves to make memes from his selfies. 😂