SUMMARY
The weak hands panic and sell at the slightest hint of fear. This is when price pierces a support and the below chart with the green arrow line was shared a couple days ago. Price could dip below the support for a couple days or so and when divested of the weak hands, rise back above. This would bring the price that much closer towards the apex while also generate a bull wick. The MACD would take the same actions and touch or even temporarily pierce the bottom yellow support.
The fact that the MACD, since December, has so well obeyed the boundaries of the symmetrical triangle yellow lines gives evidence to the declining influence of the sellers. The boxed in region shows that the degree of up and down the MACD has is now very constrained and limited. So, somthing has to give and it's either the bottom support or the upper resistance. I believe the white W bottom is still in effect until a decisive break of the first price support is seen.
MACD will likely rise and fall one more cycle as shown by the blue arrow line. This could lead to yet a smaller fractal of a wedge pattern. All of this is dependent on the supports holding.
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Happy easter to Haejin and all your followers :)
lol hoping the bull is where it is for real :-)
It was placed there with an intention, but you see in its face it's not sure about it's role in the game yet :D
Very cute! With a bull at the correction bottom too!
The seller propeller 😀
Happy Easter
Seems the bull wanted to do something with price too :)
.
what about the whole correction a contracting triangle correction as shown below? Where by book wave C is a longer lasting zigzag which we can make a case about. so C can't end beyond A i.e. $5900.
please share your comment -
The first bulltrap, do you just ignore that? Correction usually start at the top..
C lower and E to about 4k$ makes sense, it will be a kind of wedge and make the chart bullish again in may, june, what makes also a lot of sense when looking at other big coins as LTC or ETH but even the majority of alts. May and june should be huge, if not we are in trouble and having to wait more ...
if my assumption of contracting triangle is correct it won't hit 4k. as by rule C can't go beyond A=5900 and E can't go beyond C. So we won't see any 4k or 3k . if we do this assumption is wrong.
For a symmetrical triangle , yes. But not for a wedge.
Did you get any golf in?
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For a symmetrical triangle , yes. But not for a wedge.
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The weak hands panic and sell at the slightest hint of fear.
The minor support won't hold and btc will drop to around the $6075 support. From there, who knows what will happen. There are lots if institutional dollars waiting to get in at a cheap price. FUD is strong and will continue until the institutions get what they want.
I like your thoughts
Those guys are waiting for 2000 USD BTC :)
We will most likely see strong breach to those levels.
Those guys will have to wait forever cuz we're never going to 2000 no matter how much you, me or your grandma would like to buy in on those levels. :D
Making lower lows as I type. That Death cross on the day is powerful. Add to it a lower quarter, month and week close. That's longer term bearish to me.
I agree.
hi upvoted please can you do the same thanks
The holy day of rapture gives us all a worry everyday. We should just be ready because he is coming like a thief in the night.
I was wondering what I would look like at that moment? Maybe I would look the same or maybe God will give me another image, an appearance with much more delight to look at and not like somebody is staring at a curiosity. But I wouldn't mind an appearance as long as there will be no pain and I am free to move as I wanted so freely that I could even fly.Hmmm. I wish He understands your pain and gives you a new body. But do you even know before the Lord, You have a perfect body shape.He said everything he made,He made them perfectly.
If he's coming liking a thief in the night, I'd better lock my door and hide my private keys.
shouldn't something be said about the entire adjustment a contracting triangle revision as demonstrated as follows? where by book wave C is a more drawn out enduring crisscross which we can put forth a defense about. if it's not too much trouble share your remark -
great analysis as always, I'm waiting for the run.
I sicerely hope this TA comes true soon~
Blue, Green , Yellow or whatever arrow, make up your mind. Just say the truth, that you don't know.
The truth is out there:
https://steemit.com/bitcoin/@goldmine2018/tokenpay-and-verge-will-moon-through-huge-partnership
Did you buy? Up 17%
good job
Can you do an update on TRX please.
https://steemit.com/bitcoin/@jakob2450/trx-the-tron-testnet-is-live
The value dropped 20%, buy Verge before April 16th
Thanks @Haejin! Happy easter to you too!
Happy Easter @Haejin
I see the price falling a lot lower, then everyone will jump in and it will rocket but telling when the actual bottom is, is difficult.
Thank you!
I think we're looking at the start of over sold conditions so it's a good time to start casting buy ladders even if the price does go a bit lower
Agreed!
That is how we'll be doing buddy!
Point is to know when buy/sell, and the weak hands are more hodlers that give up, not shorter or seller who want to rebuy cheaper ;-). Hodlers make supports and break resistance, day/swing traders induce volatility.
Well said, and good for you at the 16k sell, mate!! Wise choice, wise words.
If that's all it's about, we'll never rise above the banking establishment and we'll never have freedom. Enjoy your gold in your self made prison.