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BTC (BITCOIN) : Morning Update: Similarities to the September Correction & Recovery by hahajin

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· @hahajin ·
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BTC (BITCOIN) : Morning Update: Similarities to the September Correction & Recovery
**SUMMARY**

The price neared the upper white line, I had posted a criticaljuncture alert and noted the significance of breaching the upper white trend line. The horizontal blue lines show the presence of good support and the upper white trend line now also represents strong support. The early recovery of the September correction also looked very corrective in that it seemed very three wavish. 

IF the e wave is complete and does NOT breach the lower bottom line decisively; then the likely next price move is expected to be upward. 
<center><img src='https://s17.postimg.org/4epcbngov/Screen_Shot_2018-03-06_at_11.20.27.png'></center>
***
 The Hurry Up & Wait syndrome has been in full effect. This is when the impulse moves near vertical and the correction phase slows to a crawl. The blue arrow shows how any good Technical Analyst might call it a bounce awaiting a lower low. But even at this early stage of the bounce, not enough sellers were populated so that price had to go up.

  The breach occurred and thus far remains decisive.
<center><img src='https://s17.postimg.org/k06nvld7j/Screen_Shot_2018-03-06_at_11.20.01.png'></center>
***

**Legal Disclaimer**: This post is for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this post has been researched and is thought to be reasonable and accurate, I cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.
<center><img src="https://steemit-production-imageproxy-upload.s3.amazonaws.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV"></center><center><img src="https://steemit-production-imageproxy-web.s3.amazonaws.com/U5dt8BFauhjGURqh8Rn38guHXV9gmrZ"></center>
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