Bitcoin (BTC) Morning Update: Minor Wave 4 Correction in Progress

in #bitcoin7 years ago (edited)

SUMMARY

Bitcoin (BTC) overnight price action just almost tagged the $10k level; clearly the pyschological level for most. Regardless, the best wave to breach this level would be wave 3 of 3 which is the current wave as it has the most gusto. The below chart shows an earlier chart shared yesterday.

Based on the rule of Alternation in Elliott Waves, wave 2 and 4 alternate. If wave 2 was a simple abc; wave 4 is likely to be a complex type and vice versa. Therefore, the current wave 2 of 3 appears to be a simple abc; thus wave 4 could be drawn as a bit more complex as shown below. The triangle would meet the alternation rule perfectly.

However, trying to overlay such a rule, which was derived from equities personality, onto cryptos might not be a smooth transfer. The reason is that cryptos have a very different personality than stocks. So, the adherence to the rule of alternation for cryptos has not been as dedicated as stocks. It is about as likely for wave 4 to result in a second round of a simple abc correction as shown below. IF so, wave 4 could decline towards $9,250 to $9,500 or so.

Legal Disclaimer: 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
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thank you for your analysis. I follow many TA analysts and as you know it has been very difficult to TA Bitcoin lately. I would like to commend you for being the most accurate out of anyone in the past week.

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haejin was calling that bitcoin will go more lower than 4k
Now again he changes lol.
While expert @lordoftruth admit bullish flag on 09.02.2018
expert @salahuddin2004 declared on 05.02.2018 uptrend confirmation
expert @philakonecrypto on 11.05.2018

Check that you will love their TA's.

"Expert" Salahuddin said he openly challenges everyone that btc will never fall below 8500---then it dropped to 5900 within a week. If these Experts were any good, they wouldnt need you to advertise on Haejin's posts.

You are wrong... The one more lower low was not called for, it was seen as an alternate count!

haejin was calling that bitcoin will go more lower than 4k
Now again he changes lol.
While expert @lordoftruth admit bullish flag on 09.02.2018
expert @salahuddin2004 declared on 05.02.2018 uptrend confirmation
expert @philakonecrypto on 11.05.2018

Check that you will love their TA's.

@haejin we seriously trust your predictions about the crypto currency because you are one of the best predictor i know.
Thanks for sharing this beautiful and informative information that helps to invest our money in bitcoin, because it will surely grow in approx next month.
So just a thumbs up for you...

pullback mode on!!! good news for us all! GREEN IS MY FAVOURITE COLOUR!!!!

Thank you Haejin!

haejin was calling that bitcoin will go more lower than 4k
Now again he changes lol.
While expert @lordoftruth admit bullish flag on 09.02.2018
expert @salahuddin2004 declared on 05.02.2018 uptrend confirmation
expert @philakonecrypto on 11.05.2018

Check that you will love their TA's.

Top 3 master of TA much better than Haejin.Choose best one & you love their work.Have a look
Trust me you will love their work.Everyone just one time look their blogs.CHeck their bitcoin updates you will love them.
@lordoftruth

@salahuddin2004
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-update-14-02-2018

@philakonecrypto
https://steemit.com/bitcoin/@philakonecrypto/bitcoin-btc-feb-14-targets-predictions-valentine-s-day-evening-update-target-reached

haejin was calling that bitcoin will go more lower than 4k
Now again he changes lol.
While expert @lordoftruth admit bullish flag on 09.02.2018
expert @salahuddin2004 declared on 05.02.2018 uptrend confirmation
expert @philakonecrypto on 11.05.2018

Check that you will love their TA's.

haejin was calling that bitcoin will go more lower than 4k
Now again he changes lol.
While expert @lordoftruth admit bullish flag on 09.02.2018
expert @salahuddin2004 declared on 05.02.2018 uptrend confirmation
expert @philakonecrypto on 11.05.2018

Check that you will love their TA's.

@haejin !!! you have it totally backwards! you are seriously sending your followers to attack a totally innocent person

i was genuinely sending you a script to correct your mouse issue. I really don't appreciate being falsely accused of sending you a virus and being called an SOB on your channel. I don't want your army of followers attacking me when in fact I was helping you. I am not a troll, i'm one of the good guys.

You had it backwards, you actually believed the TROLL who was saying its a stuxnet virus...thats a virus the US gov used against the iranian nuclear computers. you can check the wiki.

for more proof that its not a virus, here are some links where you can see for yourself

https://stackoverflow.com/questions/4437204/how-to-hide-mouse-cursor-with-jquery

https://stackoverflow.com/questions/1071356/is-it-possible-to-hide-the-cursor-in-a-webpage-using-css-or-javascript

i will also break down the code in its entirety. maybe you don't care but someone else can learn

$('td.chart-markup-table.pane')[0].setAttribute("style", "cursor:none");

$('') <----- this is a jQuery selector. It will find and return any elements on the page that satisfy the condition within. In this case, the condition are the names 'td, chart-markup-table and pane'. Tradingview has all of these tags on the candlestick pane. this is the panel we will hide the mouse on

[0] <----- since the selector might return multiple items, we have to pick which item. this selects the first item that is returned

.setAttribute("style", "cursor:none"); <----- this is pretty self explanatory, but it applies an attribute to the element we just selected using the first 2 parts of the script. in this case, we are setting the 'cursor' style to 'none'

@haejin i'm sorry if you thought it was a virus but its not. Please take down the part trying to attack me from your page. I am a fan and supporter of yours and this is not cool!

you can also check some of the other posts on your page i've left....the ones where i defend you against the trolls and say you are not abusing the system. The ones that say you draw new people to steemit where the trolls drive them away. I feel totally betrayed

do you post this on every one of Haejin's posts?

Hello Haejin,
I like so much the content you are sharing. The guy telling you to run a script was making a joke to hide your cursor from the current page, nothing harmful. refreshing would have solved the issue. and the other guy, took it to the next level!
Do you have the same problem with other sites? have you tried another browser, like Internet Explorer or Firefox? Answer some questions, eliminate some causes and you will find the problem origin

@haejin this^^^^ I am not an SOB, i was genuinely sending you a script to correct your mouse issue. I really don't appreciate being falsely accused of sending you a virus and being called an SOB on your channel. I don't want your army of followers attacking me when in fact I was helping you. I am not a troll, i'm one of the good guys.

You had it backwards, you actually believed the TROLL who was saying its a stuxnet virus...thats a virus the US gov used against the iranian nuclear computers. you can check the wiki.

for more proof that its not a virus, here are some links where you can see for yourself

https://stackoverflow.com/questions/4437204/how-to-hide-mouse-cursor-with-jquery

https://stackoverflow.com/questions/1071356/is-it-possible-to-hide-the-cursor-in-a-webpage-using-css-or-javascript

i will also break down the code in its entirety. maybe you don't care but someone else can learn

$('td.chart-markup-table.pane')[0].setAttribute("style", "cursor:none");

  1. $('') <----- this is a jQuery selector. It will find and return any elements on the page that satisfy the condition within. In this case, the condition are the names 'td, chart-markup-table and pane'. Tradingview has all of these tags on the candlestick pane. this is the panel we will hide the mouse on

  2. [0] <----- since the selector might return multiple items, we have to pick which item. this selects the first item that is returned

  3. .setAttribute("style", "cursor:none"); <----- this is pretty self explanatory, but it applies an attribute to the element we just selected using the first 2 parts of the script. in this case, we are setting the 'cursor' style to 'none'

@haejin i'm sorry if you thought it was a virus but its not. Please take down the part trying to attack me from your page. I am a fan and supporter of yours and this is not cool!

@sandman0615
There is no virus in the script. It is obvious that you were trying to help.

thanks! I can understand being wary of running a stranger's script, especially with crypto, but theres no reason to put me in the video and tell people to downvote me. @haejin

I will retract and post that in a coming update. Sorry for any harm done.

@ackza can probably retract the statement where he says its a virus, but he seems like a big troll so i doubt he would

ohhh rrrright! UPVOTING! ^^

Weather is nice, bitcoin is coming alive what more can i ask :D?

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