BTC update 22.09.17 by ew-and-patterns

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

bitcoin · @ew-and-patterns · Sep 22 '17 (edited)

$6.22

BTC update 22.09.17

# I closed my shorts right now (all of them) because wave 3 green seems to be over or over soon. I am starting to buy some small long positions for wave 4 green.
# UPDATE:  WAVE 3 green is extending. More downside happening, meaning wave 3 green will be lower than shown in the picture

### I don't recommend trading corrections unless you have some experience (years of trading).  I would not buy now to hodl because there is  a high probability that you will get in at much better prices.
# This is my count so far:
![HdK5ZYGR.png](https://steemitimages.com/DQmVyikL4wgvGfwrwxPz7xteZZP5X4fjHGDRXKoe3qwmBgz/HdK5ZYGR.png)
### This is just hypothetical, but if wave 4 green starts now, a new SHS pattern could easily be born...
![Ab4EQ176.png](https://steemitimages.com/DQmamSq7W2dRjkF8mXfQWY2CoR47viWcBkdTet825FRFzmM/Ab4EQ176.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)

DISCLAIMER: I provide trading ideas using EW and Pattern analysis. 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 are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Tell me what you think...

Have a nice day :-)

👍 randowhale, alexis555, ew-and-patterns, randowhalebonus, twinner, mys, thorheit, worldclassplayer, masterofcoin, cryptopassion, scottermonkey, randy-sadler, drifter1, crystalgeometry, niallon11, randowhaletrail, hansenlin, enginewitty, arunava, wayforhappiness, weirdheadaches, omgrofl, omar.lopez, skydweller, timsnaj, cryptochrys, miyata1987, phatez, cryptosuf, mikeflow, luxorganic, katyclark, vimukthi, jaibirsingh, stbrians, greblin, primetimesports

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@bugagaa · Sep 22 '17

https://steemit.com/photography/@lomidze/india

👎 twinner, cheetah

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@cryptopassion · Sep 22 '17

$0.03

Hello,
One question : Can you explain which signals or information you are using to think that wave 3 is over?
Thank you

👍 ew-and-patterns

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@ew-and-patterns · Sep 22 '17

$1.03

by counting the subwaves, and looking for a volumespike (15min chart) at my expected low to confirm the count.

👍 ew-and-patterns

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@ew-and-patterns · Sep 22 '17 (edited)

$1.08

update:  closed my longs again, because if BTC makes a new low, I need to adjust my count to an extending wave 5 of 3 green...  meaning more downside in wave 3 green...

👍 ew-and-patterns

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@cryptopassion · Sep 22 '17

Would be interesting to have an update when you are able to adjust it. Thank you

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@ew-and-patterns · Sep 22 '17

$1.00

If you see a new low in BTC today, i will post an update in the comments here.

👍 ew-and-patterns

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6 replies

@joejustjoe · Sep 22 '17

$0.05

I'd prefer to see the dollah make a move lower before BTC collapses. Thus my hesitancy to suggest a trade long or short in GBTC right now. It did just signal that this low is a new low to contend with tho.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=gbtc&x=41&y=15&time=3&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

👍 ew-and-patterns

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@luxorganic · Sep 22 '17

TMI ... what you do in your shorts is just TMI

👍 luxorganic

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@ew-and-patterns · Sep 22 '17

$1.03

too much info? I get that is can be complex, but the waves change and develop and require constant updates.

👍 ew-and-patterns, vimukthi, luxorganic

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@rjh · Sep 22 '17

$0.03

Thank you for your efforts. I am new to your site. What do you project for the low of BTC before it starts with Wave five. In other words what do you think the bottom will be and what is the time period for the bottom.. hours, days, weeks .Right now BTC is about 3600 on Kraken exchange.  Thank you

👍 ew-and-patterns

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@ew-and-patterns · Sep 22 '17

$0.98

I have no clue right now, because this wave is extending. You can never know when and if a wave extends or not

👍 ew-and-patterns

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@stbrians · Sep 23 '17

Very vital information for every businessman.

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@wayforhappiness · Sep 22 '17

post was resteemed by @wayforhappiness

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