Bitcoin (BTC/USD) : 6th June Update

in #bitcoin6 years ago

Let's update the bitcoin technical analysis.
Price patterns, elliot wave and fibonacci analysis are applied to Bitcoin.

Check out the analysis from the beginning here:
· https://steemit.com/bitcoin/@luiggih/bitcoin-btc-usd-hammer-time

Updated to...

· https://steemit.com/bitcoin/@luiggih/bitcoin-btc-usd-daily-update-fuck-haejin-s-subscription

And let's see what has happened today!

Check out the evolution of the hammers!

Still at key levels

We're at confluence levels and price patterns will confirm as soon as bitcoin gets out of this zone of accumulation of positions.

Let's zoom in Bitcoin/USD


Elliot Wave cycles are made up trends of 5 waves and followed by corrections of 3 waves (a-b-c)

This could be a valid Elliot Wave Count suggesting next bullish pattern in form of wave 3

Sort:  

I hope you plan to continue with daily analysis. Resteemed

Thanks for your support cannonball6! Check out the 7th June update!

I'm also hoping you take over haejin's daily post. I get some insight from each post and realize it will be more exciting one day soon when Bitcoin finally gets back into it's bull trend.

Thanks for picking up the baton and doing a daily post... I'm also resteeming.

What else can I say! Really appreciate all the support and love you're giving me!

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70557.88
ETH 3560.83
USDT 1.00
SBD 4.75