Bitcoin (BTC) Evening Update: A Potential Continuation Pathway & an Alternate Pattern
SUMMARY
Bitcoin (BTC) has thus far bounced quite well and has retaken the upper white trend line; though temporary vascillations will not be surprising. At the very least, it is encouraging to see. The optimal count is shown below where an impulse would continue upwards with the minor ABC correction likely complete.
The blue waves further subdivide white wave 3 and shows how the current bounce can fit into the overall count. IF this is correct, blue wave 2 would be next and yes, an abc correction of a micro degree is likely. This could what the overnight price activit could consist of.
From a pattern perspective at a higher degree of trend, the below depicts a potential ascending right triangle. The $11,800 seemed to be persistent zone of resistance and the blue horizontal line reflects this. The white arrow provides how price usually moves within an ascending right triangle to achieve a breakout.
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Thanks for sharing! Will look at $11,800 zone.
Thanks, very good post !!!!
Awesome Work!
Keep it up!!!
@cryptoinvestinfo
What is your favorite Hardware Wallet folks?
He fucking told you yesterday HE DON'T USE HARDWARE WALLETS!!!
I'm happy with my Ledger Nano. It has the basic functionality I need and it's reasonably priced. Up until the last firmware update, you couldn't keep many apps for different coins on your Ledger at the same time, but that seems to be much improved with the new update.
My biggest beef is that I'm not a huge fan of the clunky Chrome app software that they're using currently, but they are releasing a client soon as Google will no longer be supporting Chrome apps in the near future. That being said, it does get the job done.
My only other potential concern regarding Ledger is that I wasn't happy with the way they handled the latest firmware update after someone found a security exploit. I have a suspicion that the exploit is more serious than Ledger initially let on, but no one will know for sure until they release the exploit details on the 20th. In the meantime, update your firmware before the 20th.
The Bull Trap comes before the Fomo. So, first the wales set up a bull trap, then the fomo's come in.
Could you do an analysis on the son of Tron: OCN? It looks like it's about to explode from a TA and the fact that it will be integrated as a payment method to the world's largest bike sharing company this month. It's an all time low as well. Perfect time to buy if you'd ask me.
I wouldnt bother with that shitcoin
Shitcoin? Are you being serious? It's being used for oBike and Grab payments. There's no other coin being used for real world application and purchases.
Litecoin?
FLAG #HAEJIN & earn more money on STEEMIT!!!! #FlagAWhale #FlagADonkey
He did 10 POST today!!! @RandoRelaxo can not upvote him anymore. So your're FUCKED for today. If @Haejin can't upvote himself he won't do it for $5.00 payout.
OCN and DGB are two coins you have to keep an eye on.
Since I still believe BTC has got to do another lower low (beneath $ 5900,--) I didn't invest in them..............yet.
Bitcoin rate is playing jigjag between 8k to 12k. Is there any possiblity to grow more in march? and really bitcoin rocket will reach the moon? 😊
Thanks @Haejin for your nice analysis.
For future viewers: price of bitcoin at the moment of posting is 9537.70USD
Thank you for the update, always enjoy seeing your work.
Yeah idk anymore. I put a stop buy order in if and only if BTC market can move up. I am seeing way too much manipulation in the market. Maybe BTC is dead, idk. Im not risking any more money on this poop show till the market proves it.
The moment you hate and have to "through up" over BTC.............that's the moment to buy!
https://steemit.com/bitcoin/@kiyosaki/cboe-bitcoin-futures-and-cme-calendar
Bitcoin Futures Reference