Bitcoin (BTC) Mid-Day Update: Fractal Still in Progress

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·@haejin·
0.000 HBD
Bitcoin (BTC) Mid-Day Update: Fractal Still in Progress
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**SUMMARY**

**NOTE: To All my near 30k Followers, I STRONGLY DISCOURAGE the use of @promobot to promote any of your posts. He and @transisto have targeted my blogs for downvotes and are encouraging others to do the same. @promobot is doing what randowhale had...scamming by using delegated SP to wage personal downvote campaigns! Meanwhile, @transisto has been for a very long time and still is self upvoting his own comments using multiple accounts like there's no tomorrow! @transisto exemplifies the most ideal circle jerker!**

**I Recommend @upmewhale and @themoneytree!!**


Bitcoin (BTC) still is tracking the fractal which was introduced earlier today. The yellow circles in the price highlight the dip below the lower trendlines. The MACD in this short term chart also could turn up (yellow circle). Let's see how the remainder of the day progresses.

![](https://steemitimages.com/DQmS2hvxJqSZBKmSq5Y9k4JGpZcsUBNzgEfVZu7shDV2137/image.png)


The alternate count is quite similar to that of Ethereum (ETH). The ABC (red) correction could be that A and B are complete with the C wave still in progress. The blue impulse down of five waves represent the subwaves of red C. IF the non-volume confirmed H&S still plays out, the minimum price move (white vertical lines) could equal the bottom of red C.
![](https://steemitimages.com/DQmPzZ2uEi1cvapuG1Hj9o9WwvTH4iFgtHb3DFRzR26ed5B/image.png)



**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. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

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