BTC update 12.07.18 by ew-and-patterns

View this thread on: hive.blog | peakd.com | ecency.com

btc · @ew-and-patterns · Jul 14 '18 (edited)

$8.01

BTC update 12.07.18

### What the bears are seeing:
![BTC2.JPG](https://cdn.steemitimages.com/DQmeP7AbdcBihSrebWv35Jxxvf1f2Ejje7i7jV4DPn8pQXW/BTC2.JPG)
### What the bulls are seeing:
![BTC.JPG](https://cdn.steemitimages.com/DQmRiXsJ3xwrDtzvscowNnL9JRznkMbmZPhS6Gh59DRBaiL/BTC.JPG)
![Bull.JPG](https://cdn.steemitimages.com/DQmeXTk8EjAbyd18Wt8uuzAGvCGHxiVminaREMKBh3oXSYF/Bull.JPG)
### It all depends on the next move up. It looks like a 50/50 situation, but the bulls have a slight advantage on this one, because the 5 waves down ended at the .618 retracement (wave 2 target) and created a bull wick, which is exactly what the bulls wanted to see... Stay tuned...


![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 a financial adviser. The material in this post does not constitute any trading advice of any kind. This is just the way I see the charts and what my trading ideas 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 entirely at your own risk. I am not responsible for any of your losses. By reading this post you acknowledge and agree that you will never hold me liable 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)

👍 famunger, ew-and-patterns, sridevik, arunava, allyouneedtoknow, honeythief, worldclassplayer, absolutefive, passion-ground, scorer, toofasteddie, btc-dialog, kahookadad, drifter1, vimukthi, dandesign86, dexter-k, ratticus, sbi3, olayar, xmrking, mys, mediaservice, crypto-pontiff, klarenbach, aldofox, abundantlife, hoppe, spx464, cryptocrypto18, swagtoshi, cannonball6, salimbur, jimybpt, jekon80, agusrianda, artem.timofeev, fresh-meme-dream, jack353, oropeso, wardj, farhankhan4321, richgang, aydogdy
👎 charlesbiters

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salimbur	563,108,418	100%
aydogdy	57,821,787	100%
xmrking	2,755,050,675	100%
charlesbiters	-60,973,401	-100%
farhankhan4321	155,260,649	100%

@bankthecrypto · Jul 12 '18

$0.11

I hope we will see it cover up soon

👍 bankthecrypto, cryptotrader84

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@btc-dialog · Jul 12 '18

thank you!

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@cannonball6 · Jul 14 '18

@ew-and-patterns

I have a slight suggestion:  instead of updating an existing post, would you consider making a new one even if it is very short and you link back to the one you are updating?  I ask this because it is very easy to miss the updates. As a follower I get your posts in my feed, but there is no notification if you update it. Just a thought. I found this update 14.07.2018 by fluke because I happened to think about rechecking your analysis. 

Thanks

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@ew-and-patterns · Jul 14 '18

$1.36

Okay, I can do that. Thanks for the suggestion.

👍 ew-and-patterns, iabuse, criptoar, lordofreward, m3ik3, badeder

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@cryptocrypto18 · Jul 13 '18

Thanks again for the update.
I just keep thinking it’s going to take more time before we have a bull market again.
Maybe several months perhaps..

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@demonklyd · Jul 12 '18

That's indeed a real 50/50 with a lot of uncertainty: RSI shows oversold, but volumes are inexistant. MACD shows lower highs, and so on...

👍 cannonball6

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@faizazohaib · Jul 12 '18

Definitely it all depends upon the next move..hope for good.will be good.bulls are right or bear it will be shown after some time.

👍 faizazohaib

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@famunger · Jul 13 '18

$0.60

You are saying everything gets decided with the next move up - the target of 6'500 seems to be the same in both scenarios. What are the signals you are looking for? Does the bull move requires a move up to 6'500 in one wave?

👍 solenn, famunger

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@ew-and-patterns · Jul 13 '18

$1.36

Yes. Bullsceanrio 5 waves up forming bigger wave 1 (5-3-5-3-5)
Bearscenario 3 waves up (5-3-5 or 3-3-5)

Target 6'500 is approx. the same in both scenarios.

👍 ew-and-patterns, criptoar, vvvvv, petrm, lordofreward

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@jimybpt · Jul 12 '18

I believe in inverted H&S and a grow at least until 8k. Cheers

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@mediaservice · Jul 12 '18

Your analysis if too diffrent. I appreciate you. Thanks sir.

👍 mediaservice

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@toofasteddie · Jul 12 '18

I’m fully bullish!!
Let’s build that iHS!!!!

properties (22)