SUMMARY
Note: For anyone who missed the BitcoinLive Information Webinar, here is the replay link:
As of June 4th, ALL Crypto Analysis will be posted on the BitcoinLive channel and Steemit will be dedicated for Equity, Commodity and Options Analysis. To Signup for the BitcoinLive limited Founding Membership slots, use this link: https://get.bitcoin.live/haejin/
__
Very quick summary for Bitcoin (BTC) as I've got a crazy busy day ahead. Much more details in the video. Note the circled clusters of support. When the correct started, there were plenty of sellers and they took down the first cluster with ease. The second cluster wasn't as easy but surely, a significant depletion of would be sellers has taken place. As price now approaches the third cluster, the seller population strength has been severely sapped. Price will attempt to break through but likely fail and mark the bottom of Wave C correction. This is why the bull flag is bullish because with seller depletion, the scale tilts to the buyer side.
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?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
