SUMMARY
Overnight, Bitcoin (BTC) rose a bit; but patterns suggest that a bit more of churning might be needed before we see $9k. The below chart shows two upward pointing wedge patterns and so IF this is correct, price can wiggle a bit more and decline in a minor correction prior to rising towards $9k.
The wedges fall well within a larger symmetrical triangle pattern as shown below. IF the red ABCDE fall into place, it would provide an ideal launch pad for next vertical rise. Bear in mind that a triangle can also breakout on the D wave. Thus far, waves A is complete and B is getting its final touches. So, the CDE waves require a bit of forward discernment.
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wish there was more volume with this move
ARN plz
Man I love ARN. I don't hear much fuss about it but I've made HUGE profits on it in the past and I expect the same to play out in the following months.
Bitcoin looks like its beginning to see a bull run and has started to test new resistance levels we haven't seen in a while. We've had one of the longest bear runs in history which is great for me as it helps me increase my position each month until we hit the next big run :)
so $25k is possible by the end of the year?
I think it’s very much possible!
Price is basing...COIL UP before it burst through the sellers at $8500. Hold on for the ride...next target $10k.
Patience is the key to survive in this market.
When patience is exhausted it leads to desperation and lashing out, which is something we've seen a lot more of lately. Congrats to everyone who has held out this long.
I agree.
If our emotions ran our lives we'd be on a different path 15 times a day.
The coil back is what the whales are looking for. So I suggest when it coils back, buy before the whales do, if you can.
Churn baby, churn!
Great, thank You !
Can you do TA for bitshares...
and all that within another pattern... whoooaaa bruhh!
I think you are right. I'm waiting to watch it.
wish there was more volume with this move
Think so...although looking like a good bull run is in the works. Thanks for the post
Thank you for your TA onBTC
I hope crypto market get crazy soon
Thank you so much for your TA.
tengo esperanzas que todo va hacer un éxito
Great TA!
You're going to prison @Haejin.
You're going to be found.
You're going to suffer.
You're going to repay for your greed.
It's only a matter of time.
Your classiness scores about as high as your reputation score mike.
You do realise I'm fighting against someone who's stealing from all of us, including you?
Hi Mike! What do you mean? Could you explain?
@Haejin uses his other accounts to excessively upvote himself.
@Haejin continually censors dissenting voices or opposing opinions or anyone who criticises him in any way.
@Haejin predominantly only gives himself upvotes.
@Haejin produces technical analysis reports that are shown to be incorrect the majority of times.
@haejin uses upvote bots which give his posts an unfair advantage, which also goes against the idea that content should be judged on quality rather than how much money you already have to get on the trending page, perverting the whole idea of Steemit.
This is how he steals from us, by taking an unfair amount of the reward pool for himself through cheating, bullying and censorship.
The more of the reward pool he takes, the less there is left for the rest of us who actually produce content that is worth much more than it is actually getting at this moment.
His other accounts include @starjuno and @gmrbotswana plus many others I have yet to list.
Calm down dude ...