Viewing a response to: @erit2018/re-haejin-bitcoin-btc-evening-update-price-is-sitting-on-lower-bollinger-band-and-upper-trend-line-support-20180308t123749345z
Isn't an ascending 90° triangle bearish as well? The daily chart looks openly bearish to me. The last uptrend through February looks like a finished B from a Zigzag. This would mean we go up till max 10600 a last time and then down for wave 3 of C. I hope I am wrong though :D
| author | itisme |
|---|---|
| permlink | re-erit2018-re-haejin-bitcoin-btc-evening-update-price-is-sitting-on-lower-bollinger-band-and-upper-trend-line-support-20180308t125945112z |
| category | bitcoin |
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Ascending 90°'s are generally continuation patterns associated with up-trends; but in rare occasions form at the bottom of a downtrend in the form of a reversal. It's definitely a time to be attentive to price action.
| author | erit2018 |
|---|---|
| permlink | re-itisme-re-erit2018-re-haejin-bitcoin-btc-evening-update-price-is-sitting-on-lower-bollinger-band-and-upper-trend-line-support-20180308t135610698z |
| category | bitcoin |
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| created | 2018-03-08 13:56:09 |
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Cool info! Where do you start counting for the Ascending 90?
| author | bluedog1 |
|---|---|
| permlink | re-erit2018-re-itisme-re-erit2018-re-haejin-bitcoin-btc-evening-update-price-is-sitting-on-lower-bollinger-band-and-upper-trend-line-support-20180308t150300058z |
| category | bitcoin |
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| root_title | "Bitcoin (BTC) Evening Update: Price is Sitting on Lower Bollinger Band & Upper Trend Line Support" |
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I figure you're referring to this formation: 
| author | erit2018 |
|---|---|
| permlink | re-itisme-re-erit2018-re-haejin-bitcoin-btc-evening-update-price-is-sitting-on-lower-bollinger-band-and-upper-trend-line-support-20180308t140106299z |
| category | bitcoin |
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| created | 2018-03-08 14:01:03 |
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If you're concerned about this ABC try counting subwaves.
| author | erit2018 |
|---|---|
| permlink | re-itisme-re-erit2018-re-haejin-bitcoin-btc-evening-update-price-is-sitting-on-lower-bollinger-band-and-upper-trend-line-support-20180308t140206268z |
| category | bitcoin |
| json_metadata | {"tags":["bitcoin"],"app":"steemit/0.1"} |
| created | 2018-03-08 14:02:03 |
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No, I am concerned the long term correction is not through. 
| author | itisme |
|---|---|
| permlink | re-erit2018-re-itisme-re-erit2018-re-haejin-bitcoin-btc-evening-update-price-is-sitting-on-lower-bollinger-band-and-upper-trend-line-support-20180308t142331379z |
| category | bitcoin |
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| created | 2018-03-08 14:23:30 |
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Wave C should be longer (x2) of wave A which would put BTC below 0 USD. If that's your primary I'd be concerned as well :P
| author | erit2018 |
|---|---|
| permlink | re-itisme-re-erit2018-re-itisme-re-erit2018-re-haejin-bitcoin-btc-evening-update-price-is-sitting-on-lower-bollinger-band-and-upper-trend-line-support-20180308t142749890z |
| category | bitcoin |
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| created | 2018-03-08 14:27:48 |
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Also your wave 1 placement (subwaves of A) is erroneous because of the wick that goes much lower than your wave 4 (Invalidates your count)
| author | erit2018 |
|---|---|
| permlink | re-itisme-re-erit2018-re-itisme-re-erit2018-re-haejin-bitcoin-btc-evening-update-price-is-sitting-on-lower-bollinger-band-and-upper-trend-line-support-20180308t142856623z |
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