Bitcoin (BTC) Evening Update: An E wave or a D wave?
SUMMARY
The video contains much more details. It presents a scenario of either a D wave or an E wave direction. Within the current price zone, two patterns can be identified: A triangle of a,b,c,d,e (blue) and a bear flag of an a,b,c,d,e (red). The below chart shows that should a bounce occur off the support line and gets repelled by the blue line; a triangle pattern could gain the confidence. If the bounce exceeds the blue line of the triangle and reaches the upper white line and gets repelled; then the bear flag could gain the confidence. Let's see how the overnight price action takes it. The MACD of the 4 hour time frame chart is oversold and a bounce is due.
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BTC
I feel like btc triangle are getting bigger and bigger. Lol
Thanks for your signal! I can trade more easiler!
Thanks for the update. BTC certainly does have a mountain to climb!
Thanks for the update!
Yes, it is just too bad that his analysis is wrong and the btc/usd price action is actually in an expanding triangle. I cearly illustrate this in my most recent blog post: https://steemit.com/bitcoin/@investingtips/bitcoin-to-crash-again-how-to-trade-an-expanding-triangle-tutorial
your analysis is just another possibility, until the pattern that is actually taking place has been confirmed, it's anyone's guess at the moment. and either way, there are two out of three possibilities that could lead to a break out upwards, symmetrical triangle and expanding triangle.
So the analysis confirms the price could go up, sideways, or down. That is the valuable type of analysis I like to use to make HUGE day trading profits.
I doubt anyone else will realize that those three probabilities exist. GENIUS !!!
It seems to be moving up nicely now. Hopefully we can squeeze in to this wedge and than explode up after.
If the price does fall I will hold my btc and buy more!
No need for fear boys. Crypto won't fail us now, for it is only blossoming! Gather round and on three! one, two, three, HODL!!!
But really, the tech will bring it back up. No need to worry! @haejin will show you boys.
Be FEARLESS
but don't be stupid...
this is starting to get scary guys
check this out guys!
https://steemit.com/bitcoin/@cryptosuf/a-lot-of-alts-are-dropping-theres-only-one-thing-left-to-do-at-this-point
It's brilliant ;))
But, are you guys still into BTC ? I mean, I'm all for it but Stellar Lumens really ARE shooting, I've been preaching that for three days now and you rabbits won't listen - okay I guess, flagellants like to suffer !
But in case you wat to earn a little money while you wait for BTC to recover, have a look at haejin's last XLM/Lumen video.
It's still time to get in and a nice way to wait and see what BTC does... whatever you do, don't buy BCH, as BCH and its pumpers are the only ones who really want to hurt Bitcoin.
All FUD but as I said, while we wait...
Lol ! Buy PRL for some quick profit , DYOR !
Haha, nice one!
Sometimes we need to see the humor in it all!
Ive been holding some nice ones for a while, will be hoping for a good outcome and be patient in the meantime :)
Haejin, can I request you make an LTC chart analysis? Guys who also want to see it, please upvote so haejin would see it.
Yes Ltc long term TA👍
I like that chart ;)
Good one, helps seeing things in perspective.
Problem is, people are week-oriented rather than quarter-year-oriented.
Otherwise, we have no problem at all. and the future of crypto/BTC is still looking spectacular.