create account

BTC new low - emergency update 24.06.18 by ew-and-patterns

View this thread on: hive.blog |  peakd.com |  ecency.com
btc · @ew-and-patterns · (edited)
$9.83
BTC new low - emergency update 24.06.18
# UPDATE: KABOOM. We have a new low and now there is the anticipated bullwick. Fingers crossed for new uptrend, but i highly doubt it ^^.

# UPDATE 2: Coinbase is working on a custody solution for institutions who want to invest in BTC! That is exactly what we need more companies to start doing!
https://www.newsbtc.com/2018/06/25/research-etfs-lead-bitcoin-price-35000-isnt-far-away/


## Yes, it happened. We have a new low in BTC. 5920 was breached.
## This killed another bullish count and hints at more pain to come.
## BUT: There is one chance that it might be already the last wave down like this:
![U0mCSfrE.png](https://cdn.steemitimages.com/DQmdf48eBhZMC9FJzquPFKQXQYATNnj5ZD4UVz5HkxoEGxd/U0mCSfrE.png)
![shATAfg4.png](https://cdn.steemitimages.com/DQmXMCz1MwA5XhFKSWgfqH3wvoKUbPAKJB1yrnjhfi9JzEv/shATAfg4.png)
![XQGVRZWJ.png](https://cdn.steemitimages.com/DQmbtxxJX4aPxyjF8F2dfkQfWSP4DYuHFcovSB3SYxpZbaM/XQGVRZWJ.png)
## If this does not happen, we have to revaluate the structure. If you see it crashing through 5000 immediately, be alarmed. Because the target could be 3000 if it is in fact a big ABC.
![Bitcoin BTC_USD.png](https://cdn.steemitimages.com/DQmeyrhhfzG6T5WFbxHF9tVzbKmvr6eykUfX3p7hvE2cwDK/Bitcoin%20BTC_USD.png)

# UPDATE: This decending right triangle is bearish as well. Upper resistance line is now confirmed a second time.
![hehd1VJ0.png](https://cdn.steemitimages.com/DQmeTyqKYhZudno3qhrX8jDLDk8LSHHzXHGGbEYooWX1KD5/hehd1VJ0.png)



![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
If you think this to be useful information:
![DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif](https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif)
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
MUST READ!
DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.


Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)



![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
#crypto #cryptocurrency #steem #sbd #bitcoin #btc #bch  #eos #ethereum #eth #litecoin #ltc #ripple #xrp #stellar #xlm #nano #cardano #ada #vechain #digibyte #dgb #binance #tron #trx #iota #neo #xmr #dash #omg #verge #xvg #bitshares #bts #finance #money #investing
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
properties (23)
authorew-and-patterns
permlinkbtc-new-low-emergency-update
categorybtc
json_metadata{"tags":["btc","bitcoin","cryptocurrency","blockchain","money"],"users":["ew-and-patterns"],"image":["https://cdn.steemitimages.com/DQmdf48eBhZMC9FJzquPFKQXQYATNnj5ZD4UVz5HkxoEGxd/U0mCSfrE.png","https://cdn.steemitimages.com/DQmXMCz1MwA5XhFKSWgfqH3wvoKUbPAKJB1yrnjhfi9JzEv/shATAfg4.png","https://cdn.steemitimages.com/DQmbtxxJX4aPxyjF8F2dfkQfWSP4DYuHFcovSB3SYxpZbaM/XQGVRZWJ.png","https://cdn.steemitimages.com/DQmeyrhhfzG6T5WFbxHF9tVzbKmvr6eykUfX3p7hvE2cwDK/Bitcoin%20BTC_USD.png","https://cdn.steemitimages.com/DQmeTyqKYhZudno3qhrX8jDLDk8LSHHzXHGGbEYooWX1KD5/hehd1VJ0.png","https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png","https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif"],"app":"steemit/0.1","format":"markdown","links":["https://www.newsbtc.com/2018/06/25/research-etfs-lead-bitcoin-price-35000-isnt-far-away/"]}
created2018-06-24 05:43:00
last_update2018-06-25 07:57:30
depth0
children16
last_payout2018-07-01 05:43:00
cashout_time1969-12-31 23:59:59
total_payout_value8.875 HBD
curator_payout_value0.953 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length3,661
author_reputation138,703,829,387,626
root_title"BTC new low - emergency update 24.06.18"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,002,683
net_rshares4,875,326,258,705
author_curate_reward""
vote details (48)
@ashike · 
excellent post ..loving to your blog.thanks for sharing..
properties (22)
authorashike
permlinkre-ew-and-patterns-btc-new-low-emergency-update-20180624t084342467z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
created2018-06-24 08:42:09
last_update2018-06-24 08:42:09
depth1
children0
last_payout2018-07-01 08:42:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length57
author_reputation72,187,775,554
root_title"BTC new low - emergency update 24.06.18"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,018,671
net_rshares0
@demonklyd · 
Hey great update there, I'm loving it. I trully hope it goes under $4000, but it would first have to go through the whole 4500-3600 range, which is looking pretty rock hard. $3040 would be the end of this correction.

I'm so excited right now, I'm gonna be able to double up my stack if it goes to at least 4000. Same for BTS that would reach 0.08-0.09. I'm mostly into XRP though.
properties (22)
authordemonklyd
permlinkre-ew-and-patterns-btc-new-low-emergency-update-20180624t112719770z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
created2018-06-24 11:27:21
last_update2018-06-24 11:27:21
depth1
children0
last_payout2018-07-01 11:27:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length381
author_reputation127,511,879,776
root_title"BTC new low - emergency update 24.06.18"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,033,133
net_rshares0
@demonklyd · 
As for your update #2, now that's a lot of "if", "could" and "may" occurencies. "If" I read the article correctly, which I know I do, this should not even happen before Q4 2018, at best.

This is a very long and slow process, institutional money is not going to pour in from one day to another. Of course this is gonna happen, but not before another bloodbath imho.
properties (22)
authordemonklyd
permlinkre-ew-and-patterns-btc-new-low-emergency-update-20180625t090850579z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
created2018-06-25 09:08:48
last_update2018-06-25 09:08:48
depth1
children1
last_payout2018-07-02 09:08:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length365
author_reputation127,511,879,776
root_title"BTC new low - emergency update 24.06.18"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,166,402
net_rshares0
@ew-and-patterns ·
$2.37
Yes it will take a while. Actually I am tracking like 5 counts that would expand this correction into Q1 2019... there are so many things possible now, that the most shortterm bullish counts are invalidated.
👍  , ,
properties (23)
authorew-and-patterns
permlinkre-demonklyd-re-ew-and-patterns-btc-new-low-emergency-update-20180625t093247343z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
created2018-06-25 09:32:51
last_update2018-06-25 09:32:51
depth2
children0
last_payout2018-07-02 09:32:51
cashout_time1969-12-31 23:59:59
total_payout_value1.779 HBD
curator_payout_value0.589 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length207
author_reputation138,703,829,387,626
root_title"BTC new low - emergency update 24.06.18"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,169,074
net_rshares1,113,419,550,309
author_curate_reward""
vote details (3)
@jesusisking · 
Please upvote: https://steemit.com/free/@bible.com/4qcr2i
properties (22)
authorjesusisking
permlinkre-ew-and-patterns-btc-new-low-emergency-update-20180624t054403120z
categorybtc
json_metadata{"tags":["btc"],"links":["https://steemit.com/free/@bible.com/4qcr2i"],"app":"steemit/0.1"}
created2018-06-24 05:44:06
last_update2018-06-24 05:44:06
depth1
children0
last_payout2018-07-01 05:44:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length57
author_reputation-1,321,431,047,687
root_title"BTC new low - emergency update 24.06.18"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,002,793
net_rshares0
@josh92 · 
Looking after this chart feels like it's not gonna be easy to reach to $25k at the end of December. What do you say? btw great share. I am also a crypto lover.
- @josh92
properties (22)
authorjosh92
permlinkre-ew-and-patterns-btc-new-low-emergency-update-20180624t054610417z
categorybtc
json_metadata{"tags":["btc"],"users":["josh92"],"app":"steemit/0.1"}
created2018-06-24 05:46:12
last_update2018-06-24 05:46:12
depth1
children1
last_payout2018-07-01 05:46:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length169
author_reputation427,542,864,787
root_title"BTC new low - emergency update 24.06.18"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,002,982
net_rshares0
@ew-and-patterns ·
$2.18
I think it is still possible, but unlikely. Maybe Q1 2019.
👍  , ,
properties (23)
authorew-and-patterns
permlinkre-josh92-re-ew-and-patterns-btc-new-low-emergency-update-20180624t054943672z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
created2018-06-24 05:49:42
last_update2018-06-24 05:49:42
depth2
children0
last_payout2018-07-01 05:49:42
cashout_time1969-12-31 23:59:59
total_payout_value1.639 HBD
curator_payout_value0.544 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length58
author_reputation138,703,829,387,626
root_title"BTC new low - emergency update 24.06.18"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,003,316
net_rshares1,083,496,123,984
author_curate_reward""
vote details (3)
@rkaitra · 
this great information I appreciate your bitcoin  thanks for sharing this crytocurrency news..
👎  
properties (23)
authorrkaitra
permlinkre-ew-and-patterns-btc-new-low-emergency-update-20180624t054749607z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
created2018-06-24 05:47:57
last_update2018-06-24 05:47:57
depth1
children0
last_payout2018-07-01 05:47:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length94
author_reputation705,269,649,419
root_title"BTC new low - emergency update 24.06.18"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,003,120
net_rshares-2,058,712,720
author_curate_reward""
vote details (1)
@sebas65 · 
Looks really interested, well done! We've to wait, and see what the big investors will do.
properties (22)
authorsebas65
permlinkre-ew-and-patterns-btc-new-low-emergency-update-20180624t054520884z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
created2018-06-24 05:45:21
last_update2018-06-24 05:45:21
depth1
children1
last_payout2018-07-01 05:45:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length90
author_reputation5,328,475,438
root_title"BTC new low - emergency update 24.06.18"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,002,904
net_rshares0
@hoppe · 
Big investors will only step in once regulation is sorted
properties (22)
authorhoppe
permlinkre-sebas65-re-ew-and-patterns-btc-new-low-emergency-update-20180624t065159897z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
created2018-06-24 06:52:00
last_update2018-06-24 06:52:00
depth2
children0
last_payout2018-07-01 06:52:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length57
author_reputation26,749,134,439
root_title"BTC new low - emergency update 24.06.18"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,008,626
net_rshares0
@swagtoshi · 
You post all these possible counts, which is necessary to be a successful analyst, but in your opinion, what is the most likely count?
properties (22)
authorswagtoshi
permlinkre-ew-and-patterns-btc-new-low-emergency-update-20180624t232703909z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
created2018-06-24 23:27:00
last_update2018-06-24 23:27:00
depth1
children1
last_payout2018-07-01 23:27:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length134
author_reputation6,698,110,194
root_title"BTC new low - emergency update 24.06.18"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,111,563
net_rshares0
@ew-and-patterns ·
$2.31
I quote myself from another post:
"Double bottom @ 6k sounds good and is plausible. I noticed that wave 2 usually retraces very deeply in BTC which raises the probability for this a little...

But somebody already pointed it out in this comment section. Such a huge downtrend usually ends with capitulation (4000-2000$). I am already mentally prepared for this downtrend to last the whole year of 2018. Anything other than that would be a positive surprise."
👍  , ,
properties (23)
authorew-and-patterns
permlinkre-swagtoshi-re-ew-and-patterns-btc-new-low-emergency-update-20180625t073215670z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
created2018-06-25 07:32:18
last_update2018-06-25 07:32:18
depth2
children0
last_payout2018-07-02 07:32:18
cashout_time1969-12-31 23:59:59
total_payout_value1.736 HBD
curator_payout_value0.573 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length458
author_reputation138,703,829,387,626
root_title"BTC new low - emergency update 24.06.18"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,155,741
net_rshares1,107,487,999,422
author_curate_reward""
vote details (3)
@wouter-v ·
$0.02
There is no bullish count since January. When do people wake up? We go to <$4k. Why can't people see this. Same as altcoins, we need a deep deep retracement. We ain't have seen nothing yet.
👍  
properties (23)
authorwouter-v
permlinkre-ew-and-patterns-btc-new-low-emergency-update-20180624t074058334z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
created2018-06-24 07:41:03
last_update2018-06-24 07:41:03
depth1
children0
last_payout2018-07-01 07:41:03
cashout_time1969-12-31 23:59:59
total_payout_value0.014 HBD
curator_payout_value0.005 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length189
author_reputation-1,267,134,039
root_title"BTC new low - emergency update 24.06.18"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,013,030
net_rshares10,177,248,997
author_curate_reward""
vote details (1)
@znog · 
This "KABOOM" from your update looks like the wave 4 from your your original count.  What makes the difference between one and the other?
properties (22)
authorznog
permlinkre-ew-and-patterns-btc-new-low-emergency-update-20180625t102930498z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
created2018-06-25 10:29:30
last_update2018-06-25 10:29:30
depth1
children2
last_payout2018-07-02 10:29:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length137
author_reputation34,949,510,570
root_title"BTC new low - emergency update 24.06.18"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,175,362
net_rshares0
@ew-and-patterns ·
$2.51
Just for you:

![U0mCSfrE.png](https://cdn.steemitimages.com/DQmQYnAUnociGAyEdK86YqjXMbWdAm1wjGJd3AnemL6uvf9/U0mCSfrE.png)

The Kaboom happend after white wave 5 as expected.
👍  ,
properties (23)
authorew-and-patterns
permlinkre-znog-re-ew-and-patterns-btc-new-low-emergency-update-20180625t112204506z
categorybtc
json_metadata{"tags":["btc"],"image":["https://cdn.steemitimages.com/DQmQYnAUnociGAyEdK86YqjXMbWdAm1wjGJd3AnemL6uvf9/U0mCSfrE.png"],"app":"steemit/0.1"}
created2018-06-25 11:22:12
last_update2018-06-25 11:22:12
depth2
children1
last_payout2018-07-02 11:22:12
cashout_time1969-12-31 23:59:59
total_payout_value1.883 HBD
curator_payout_value0.624 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length174
author_reputation138,703,829,387,626
root_title"BTC new low - emergency update 24.06.18"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,181,084
net_rshares1,119,021,178,487
author_curate_reward""
vote details (2)
@znog · 
Great!!! Thanks!
properties (22)
authorznog
permlinkre-ew-and-patterns-re-znog-re-ew-and-patterns-btc-new-low-emergency-update-20180625t130228444z
categorybtc
json_metadata{"tags":["btc"],"app":"steemit/0.1"}
created2018-06-25 13:02:27
last_update2018-06-25 13:02:27
depth3
children0
last_payout2018-07-02 13:02:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length16
author_reputation34,949,510,570
root_title"BTC new low - emergency update 24.06.18"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,193,586
net_rshares0
Help/Feedback