Bitcoin (BTC) Mid-Day Update: Head & Shoulders....Which Type?

in #bitcoin6 years ago

SUMMARY

The fractal that was discussed during today's morning update is still in progress. The move thus far looks three wavish as an abc. The final C wave could be complete if the white 1,2,3,4,5 waves complete.

The primary count shows that the Right Shoulder (RS) could decline to $9,830 or so. IF the RS formation is in progress, then this remains bulish. The volume thus far remains confirmatory.

At a smaller degree of trend, there is a smaller Head & Shoulders top pattern in the works. This could bring prices to the $9,800 or so zone.

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I hope that the bigger image is uptrend

Below 10k one last time, i DIGG THAT

I found Bitcoins face in there I think, to keep up the good looks we'd not go much below $10k :)


@thedolphin

Lol! Interested to see if the broadening pattern plays out. What makes you select that?

We need Bitcoin to break that previous high on the 4hr chart seen below if you look at my technical analysis you will see that this is biggest hurdle left for BTC to cross breaking the daily bearish trend line. I agree it could go as low as 8k if the support is broken.
4hr.jpg

We're in sync here. I'm surprised so many calling for huge dump now. Tape seems to show some strength and buyers.

The critical juncture was last night and still not yet resolved.

Nice post!
Keep it up=)

the type who however must also be sporty to receive it, because any way it's a business people should be appreciated

Thank you so much Haejin for sharing this good information with us ! I really admire you

Nice informative post.Lets see what happens.@haejin sir last time i commented on your post someone down voted me.Whatever happens i am always with you.@upvoted and resteemed.@haejin sir do you have any idea about international mother language day?If you don't then click on this link.You will like it for sure https://steemit.com/blog/@rupok/international-mother-language-day

.

if i like some ones view then what is the problem?

Cloud is who he is , an irritant

teşekkürler

nice post. always share the prediction.
thank you @haejin

Thanks for these projections, but why no more videos?

@haejin, your video lectures were extremely helpful with more contents. Please upload those again for us when you are available.

I'm traveling. Will post videos next week.

thank you !

Thanks for the information and suggestion

Thank you

Best chart analyist, ever.

When will the market get about to at least 700billion market cap? Any predictions fellow steemians ?

I'm always learning, but again I was surprised by the turns Bitcoin has taken. Also, I've been interested in how the other altcoins have been responding. Thanks as always for your perspective @Haejin! I'm learning to fish on my own, but your posts are always great guidance.

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Nice post,
Please help vote and flbck

Congratulations @haejin, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 54 and the total pending payments to posts in these categories was $3874.72. To see the full list of highest paid posts across all accounts categories, click here.

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Once it breaks that trendline it's to the moon. I hope it's the bullish head and shoulder. it made a few in the past few weeks. I hope it continues.

Thanks Haejin!
Interesting Chart from Trolololo ->???Cryptos 200% Overvalued, Can Reach 900% or -90%???

Here is the link https://bitcointalk.org/index.php?topic=2000218.40

Don´t wanna spread FUD ! But consider this!
Wish you all massive Profits!