SUMMARY
When Bitcoin (BTC) hit the $5,900 zone, there was a monstrous green volume on a daily scale (blue circle) and this was quite a bullish sign being born in the midst of panic selling. A similar event occured back during the September correction where then too, a monstrous daily green volume was seen to provide the impetus for a trend reversal from down to up. Price has since $5,900 decisively breached the upper white trend line resistance. So, the primary count is up.
On the short term, the upward pointing wedge could be signaling a minor correction; perhaps back towards the white trend line. What really shouldn't happen is that price re-enter below the white line because then we've got a different scenario. Nothing to get nervous about; only to be aware!
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Things are looking good for BTC.
Volume has been weak all day. Doubt we break through in short term.
It's weekend you're right in general tends to be weak volume, so we should wait until Monday to see a big bullish candle accompanied by a strong volume.
It's an opportunity for the alcoins to go up a bit more
Agreed. Though I won't be buying alts for a while, I have my positions set for long term and I am accumulating BTC
When the price goes up on low volume, it means that's the natural direction of the market. Low volume means whales are not trading (Saturday). Use this knowledge to your advantage.
No necessarily true, volume accounts for both buys and sells. So low volume could easily just mean one is missing from the equation.
Have you seen what happen when anyone try to buy anything on small exchange? Prices go up, not due to natural growth but because of low volume
I am the true cryptogod!
My TA will bring you all riches. Fuck this imposter, I am the true leader.
Haejin sucks, so follow haejinsucks!
Everyone go look at my firecoin projections here
Increase from $1.76 to $2.27
I am the true cryptogod!
My TA will bring you all riches. Fuck this imposter, I am the true leader.
Haejin sucks, so follow haejinsucks!
Everyone go look at my firecoin projections here
Increase from $1.76 to $2.27
@haejin I would like to see Steemit at Peace.
Could you please have a look....
I am offering Peace talks...either through me, or I can get you in contact with anyone that you would prefer to speak with.
Here is the post
Everyone go look at my firecoin projections here
Increase from $1.76 to $2.27
https://steemit.com/haejin/@thabiggdogg/this-is-not-the-haejin-we-have-on-steemit
Cryto currency is bouncing back
you think so?
I think that Crypto currency (and Crypto assets) will be bouncing all over the place for the next little while. Although I'm just a small-time knucklehead and not to be taken as anything but opinion, I think that the strong Alts will have their almost usual highs and lows, but slowly will raise their bottoms steadily over time. The weak Alts will either fall out of the game or suffer from lots of Pump-and-Dumps so that some select few can make a few buck on them. The 'Big Boys,' such as Bitcoin, Ethereum, etc, will potentially see some huge bounces...and hopefully we will see them reach higher values than they have been as of yet!
My concern is that only BTC is currently benefiting from growth. The current cycle is trending towards a return of a stronger market cap dominance for BTC, this in itself if fine, but the overall market cap for cryptos is simply not growing at a noticeable rate.
New investors are needed to keep a sustainable rate of growth over the levels seen in December.
When knowing the bitcoin history you can guess it's future you can see in this infographic that the price is always standing up after a big fall for example in 2013 bitcoin got up from 100$ to over 1000$ then the big fall of 2014 then in 2017 the game completely changed the prices are still volatile but the graph is repeating it self at a different scale .
bitcoin history in one and single image
I guess you haven't heard of http://coinmetro.info Price projections: https://xcmprice.com
etc..
Thanks for the update.... @haejin
What a big guy out there, i will always follow and upvote you, your is highly informative always,
Thanks for drawing out attention to a possible scenario
That great i like it
Вечернее обновление: Уровень сопротивления сжимается как пружина, вопрос в какую сторону.
https://steemit.com/bitcoin/@maximzvonarev/bitcoin-btc-usdt-vechernee-obnovlenie-uroven-soprotivleniya-szhimaetsya-kak-pruzhina-vopros-v-kakuyu-storonu
by the way, bts has been down to btc/dollar 0.000015. it’s horrible.
BTC bullish trend is not yet confirmed and alts are waiting for the start.
There's nothing wrong with a healthy correction. The uptrend will begin soon.
Thank for for the updates, i love and admire you tenacity. No wonder you are a success in this community.
Excelente publicación, espero nuevas publicaciones
Excelente , saludos desde Cuba.
Great analysis @Haejin! What’s your opinion on the BTC sell off rumor that’s going around?
we have the same Bitcoin Analysis ^_^ You are Right
Thx:) Resteem.
Wow volume big sbd
Please mr.@haejin,I can student steemit for Mr.
Thanks you
I think the rise in BTC market cap with contrary movements for altcoins is a bullish sign for BTC. IMO, we are experiencing a strong market correction, putting BTC back to be clearly number one - and getting rid of or at least minimizing the impact of the uncountable scam-coins.
The "monstrous green volume" in both cases is short covering. Neither drop was organic; they were orchestrated. When short bus shorty had to cover, he had to buy back, and they price spiked up... except it spiked up much more quickly than he imagined. More here: https://steemit.com/bitcoin/@chucklinart/how-bitcoin-shorts-shaw-bus-shawties-roll-and-how-to-take-their-money
#NSFW
Every post you make is very beautiful - I want to know about Bitcoin rate now What do you say?
I am the true cryptogod!
My TA will bring you all riches. Fuck this imposter, I am the true leader.
Haejin sucks, so follow haejinsucks!
Everyone go look at my firecoin projections here
Increase from $1.76 to $2.27
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I'm cautiously optimistic here but still skeptical. Here's why:
https://steemit.com/bitcoin/@stew/until-we-hurdle-11-8k-i-m-still-bearish-here-s-why
I am the true cryptogod!
My TA will bring you all riches. Fuck this imposter, I am the true leader.
Haejin sucks, so follow haejinsucks!
Everyone go look at my firecoin projections here
Increase from $1.76 to $2.27
not funny
flag & ignore
@adri1202 You couldn't ignore me if you tried, sweetheart.
Do not know what you are talking about. Have you tried the [Mute] button? 😉
Mute him