BITCOIN (BTC) Mid Day Update: TWO Flags Don't Make a Right!

[haejin]

SUMMARY

There is a bit of sluggishness with Bitcoin's price movements. The chart shows two flags, the first could be a fractal for the second to follow. If it does, this would mean that wave c (red) would be a bit further below. This doesn't remove the $6,200 price target at Fibonacci 1.618 level. The MACD is also turning down but I've seen plenty of hourly MACDs turn up on the dime.

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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**

Comments

[rjh]

Good evening from CT, USA
is your ripple XRP forecast more PROBABLE than possible? (I am learning).

[haejin]

Yes. But keep an eye on Bitcoin.

[minnowpond]

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[bossanovawitcha]

I just took this to heart and traded some BTC for Syscoin. My noobish technical analysis learned from watching all of your videos seemed to show a large cup and handle (long handle??) on the 1d and perhaps a double bottom? It’s moving but I am still trying to figure out how to tell where key resistances are.. about to butt up against one again I think. EDIT - meh maybe just lint on the screen. ;)

[haejin]

I wish you MASSIVE profits!