Bytecoin (BCN/BTC): Is a Breakout in Progress?
bitcoin·@haejin·
0.000 HBDBytecoin (BCN/BTC): Is a Breakout in Progress?
<center></center> -- **SUMMARY** ByteCoin (BCN/BTC) had been basing from May to December of 2017. A real, long correction! Recently, it rose in a clear impulse set of five waves. A correction is required and so is in progress as shown in below chart. As price has breached the upper line of the bull flag looking pattern, the key question is whether this is a breakout or not? Yes, price can continue going sideways; but if the MACD turns up, the breakout gets more support.  IF this is a breakout, confirmation could be seen as an impulse set (blue waves). For this, a smaller higher would be required to confirm the onset of blue wave 3.  **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. </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) Follow me on [Twitter](https://twitter.com/Haejin_Crypto) for Real Time Alerts!! Follow me on [StockTwits](https://stocktwits.com/HaejinCrypto) for UpDates!! -- -- <center>https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer: BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030 LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf <center>https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif</center>
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