Crypto Of The Day: Bitcoin
bitcoin·@maarnio·
0.000 HBDCrypto Of The Day: Bitcoin
<html> <p>Bitcoin has just broken the trend line from the September 8 peak.</p> <p><img src="https://s20.postimg.org/5tm6guwj1/Nimet_n.png" width="1258" height="494"/></p> <p><em>(Chart</em> <em>courtesy</em> <em>of</em> <em>Tradingview.com)</em></p> <p>Looking at the four-hour chart, bitcoin has done a five wave (ElliottWave) impulse move from the August 27 low. The advance was followed by a three wave (abc) correction that ended on September 20. If this wave count is correct, we should take out the September 8 peak within weeks.</p> <p><img src="https://s20.postimg.org/r4jql4enh/Nimet_n.png " width="1260" height="497"/></p> <p><em>(Chart</em> <em>courtesy</em> <em>of</em> <em>Tradingview.com)</em></p> <p>In the daily chart, I believe bitcoin is currently in the third wave (sub-wave three).</p> <p><img src="https://s20.postimg.org/v270aj1gt/Nimet_n.png" width="1259" height="499"/></p> <p><em>(Chart</em> <em>courtesy</em> <em>of</em> <em>Tradingview.com)</em></p> <p>You can find my longer term wave count on bitcoin from <a href="https://steemit.com/bitcoin/@maarnio/bitcoin-technical-analysis">here</a>.</p> <p><strong>Disclosure:</strong> I am/we are long bitcoin. </p> </html>