__________     __ __     __  _______    ________
  / ____/ __ \   / // /    / / / /  _/ |  / / ____/
 / / __/ / / /  / // /_   / /_/ // / | | / / __/
/ /_/ / /_/ /  /__  __/  / __  // /  | |/ / /___
\____/\____/     /_/    /_/ /_/___/  |___/_____/

 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Bitcoin (BTC) Morning Update: Yellow ABC Complete

BY: @haejin | CREATED: May 17, 2018, 1:19 p.m. | VOTES: 326 | PAYOUT: $110.37 | [ VOTE ]

[IMAGE: https://steemitimages.com/DQmWPk9pGawtxkJQ11KtjmsDaJ4Nnz84ggyRCdVJsq6f8TZ/image.png]

SUMMARY

Overnight price action for Bitcoin (BTC) has shown that the yellow ABC, subwaves for red B of blue E are likely complete. The price wicks are almost always counted with Elliott Waves. For chart patterns, more liberty can be taken to cut them out or not. So, the yellow C was a price wick which came close to the upper blue trend line.

[IMAGE: https://steemitimages.com/DQmWMc42ffRYWN5DGqXLXqRkfWM9tFaQbqh1jzCfjR6T9cu/image.png]

If price broke through the upper blue trend line today as shown by the white arrow...great! However, the primary count still calls for a lower low towards the mid $7,500 or so. IF this price channel pattern is correct, then blue wave E needs to complete. Let's see if white wave 3 down starts today.
[IMAGE: https://steemitimages.com/DQmf54UvR1RWQjNfStPgkvjynwQyMTyjJfZkKYvdabXjP7Y/image.png]

The longer term shows little change. Once the handle formation completes, higher highs should be very likely. It all takes time, especially corrections. Wealth is preferred not to be made overnight because you often lose it just as fast. Patience and discipline!
[IMAGE: https://steemitimages.com/DQmRGasDq1zrne8QbvvmiKz9aNKVoynWR5PnLicrak5DHPF/image.png]

https://youtu.be/X8kkmQpwmN0

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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https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif

https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif

TAGS: [ #bitcoin ] [ #money ] [ #cryptocurrency ] [ #blockchain ] [ #test ]

Replies

@lyndsaybowes | May 17, 2018, 1:22 p.m. | Votes: 7 | [ VOTE ]

Omg you are such a loser.

The original post before you edited it:

[IMAGE: https://steemitimages.com/DQmdgdqMporqx7Y8nF6toNcybmfBrCDBd2BdDbgGZ6gqQwj/Screen%20Shot%202018-05-17%20at%2011.47.40%20AM.png]

@b0y2k | May 17, 2018, 5:30 p.m. | Votes: 1 | [ VOTE ]

The URL cannot be changed, https://steemit.com/test/@haejin/test i think we know who got caught out here...

@lyndsaybowes | May 17, 2018, 5:51 p.m. | Votes: 1 | [ VOTE ]

I think Bernie did make him lose his mind...

@b0y2k | May 17, 2018, 6:21 p.m. | Votes: 1 | [ VOTE ]

i think he doesn't care... $200+ for a test... repeat 10+ times a day...

@stoneboy | May 17, 2018, 1:25 p.m. | Votes: 0 | [ VOTE ]

☀ Post Resteem Service Offer ➡ Re-steem Your New Post ➡ Send 0.400 SBD or 0.400 STEEM To @stoneboy ✉ Post Url in the Memo ✉ Your Post Will Be Re-steem to 7100+2700 followers with 2 different accounts.☺

@donaldnkengbeza | May 17, 2018, 1:56 p.m. | Votes: 1 | [ VOTE ]

great stuff

@b0y2k | May 17, 2018, 6:16 p.m. | Votes: 1 | [ VOTE ]

is it? :/

@twernli | May 17, 2018, 6:31 p.m. | Votes: 0 | [ VOTE ]

yes

@simply-me | May 17, 2018, 2:05 p.m. | Votes: 3 | [ VOTE ]

How does such a simple post get so much value?

@kywt | May 17, 2018, 2:27 p.m. | Votes: 3 | [ VOTE ]

Just incredible how many bots there are on steemit and how many of them follow you for the curation

@saliv8 | May 17, 2018, 2:34 p.m. | Votes: 2 | [ VOTE ]

In b4 Bernie Sanders pops a vein in his fucken neck

@vinyll | May 17, 2018, 2:43 p.m. | Votes: 4 | [ VOTE ]

I guess SteemIt should have a way to block this kind of post and to downgrade the account.
But instead it's in the "hot" topics and brings money to the user (and to SteemIt as well?), while lowering the quality of the contents and the platform… 😔

@b0y2k | May 17, 2018, 2:48 p.m. | Votes: 2 | [ VOTE ]

@haejin You test without declining payout?!?!?

@truyennv05 | May 17, 2018, 3:09 p.m. | Votes: 1 | [ VOTE ]

I predict that btc is going flat and testing to go up to 10k2
This time it has caused many people a headache and can not understand what is happening anymore
Please give your opinion

@corsair | May 17, 2018, 3:25 p.m. | Votes: 3 | [ VOTE ]

BTC would be in basing phase and move side ways for awhile

@headonpike | May 17, 2018, 6:21 p.m. | Votes: 0 | [ VOTE ]

I think you are correct, there's similar fractal 1-12 April.
Astro change in trend also occurred on the 15/16 May.
So flat, then up would be my position.

@kitkat16 | May 17, 2018, 4:36 p.m. | Votes: 1 | [ VOTE ]

Hi Haejin, would you please (if you have time) be able to give us an update on Bitshares?
Looks like it's making an ABC, but would love your thoughts on whether it might be a new impulse series for wave 3.
Thanks!

@lilcryptita | May 17, 2018, 4:46 p.m. | Votes: 1 | [ VOTE ]

I think this TA is good but to be honest, sometimes it becomes pointless because BTC seems to want to do the opposite of what we think it's going to do. BTC has behavioral problems... :/

@cryptosigns | May 17, 2018, 8:08 p.m. | Votes: 2 | [ VOTE ]

This tool was a true game changer in my trades: https://goo.gl/rzgsqe

@khaled4444 | May 17, 2018, 11:21 p.m. | Votes: 1 | [ VOTE ]

HALO

here is analysis BITCOIN

My personal analysis via Harmonic

Going down TO 7800 - 7000

[IMAGE: https://steemitimages.com/DQmTmdDdWcLa8Ac3Le1tpKENXcrvxJtozYhu62R8xhZ1j63/BTC.png]

@tjfire | May 18, 2018, 2:26 a.m. | Votes: 1 | [ VOTE ]

Thank you @haejin. I am grateful for your analysis. I'm also grateful that the haters can't stop your success.

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