SUMMARY
Bitcoin (BTC) price has breached the upper wedge line and is currently sitting on it as support. Price needs to impulse in a very clean five wave impulse. I believe overnight action will provide additional waves to be placed.
The below closeup shows that the five subwaves of the final red C of blue e can be considered complete as result of the breakout. The temporary piercing of the bottom line as white wave 5 produced the projected bull wick.
This is the log char with the long running support line which has held thus far and from which price bounced off of into the current rise. What is very interesting is the daily MACD. The 12 day moving average (white line) is curling upwards (blue circle). A bullish cross would be highly desirable.
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good to know this! hopefully this is the beginning of bull market
Bull market will start in May.
Hey!
Just wanted to know thoughts on this bullish scenario if it is to unravel over the next few days or so.
I know its a bit early to be calling all these bullish options but this Inverted H&S could look pretty legit...
Thanks!
https://steemit.com/bitcoin/@sourlemonball/btc-usd-bullish-scenario-or-inverted-h-and-s-19-3-18
Hi! This is a intreting fact. Rigth now the price fund a resistences below the 8600ks. Do you think that can be a bull trap?
What if it repeats itself? With no shampoo, just a dry period?
price overlay 2013-14 VS 2017-18
@haejin can you post the bitcoin price at the time of posting? It doesn't require much effort and i'm sure all your followers would love that too.
The price at time of analysis is on the chart, on the right side in red or green.
The price of bitcoin changes every second. Are you that fucking lazy you can't look it up yourself?
Forget about btc, how about that episode of the Walking Dead...what a battle between Rick and Negan! Upvote if you never miss an episode and are ready for the battle in the next episode!
Used to love that show. Too much cliffhangers and the season breaks made me lose interest.
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flag 100% disagremant on rewared.
Hodlers be like
Hello, Can I resteem this post?
Thanks for your great notification and will work accordingly. Thank You
When comment spam backfires! Haha
Good work bitcoin future is very brighy i think bitcoin up to $20000
bet you would have hesitated to say that yesterday.
Bitcoin was at $20k 😛
Nice work.
잘보고갑니다
There you go, would probably be in a clear uptrend by May
sorry if I bother you. But take a look at @sonpham1997 to update the cryptography chart every day. I'm sure it is very useful.
Seen this way too many time in this correction. All of sudden instant pump and then quick 5 waves and then lower low. I do believe we are in long term downtrend. Last bull trend was 2 years wouldn’t be surprised if this correction lasts the entire year. Call me a sinner but it ain’t over.
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nice infoo. and great sharing ^^
Sooo... When do we get Lambos?
SAME MARRY....DIFFERENT HAT !!
OR FRACTALS......SAME THING...
haejin is a donky......lol
Price attempting to close above $8600 (yellow line) and break the daily trend line.
However, price met sell orders at $8500, knocking down price again. A good sign of a reversal would be if price closed above the daily trend line on the 4 hr chart...which is hasn't been down since 3/5/18 or at the $11600 level.