Bitcoin (BTC) Evening Update: Pattern & Waves Could Target $7,600 to $7,250
SUMMARY
Bitcoin (BTC) was shown as potentially putting in an impulse as shown in below chart. It would allow price to breach the upper blue line and initiate a trend reversal. However, if you've been following my posts, this had not been my primary count because a trend reversal so far from the Apex of the blue triangle wasn't ideal.
Besides, the current price formation itself looks like an upward pointing wedge which bodes lower low probabilities. The red abcde waves are all complete except the e. This could lead to a temporary breach of the upper blue line but not a decisive.
From a larger picture perspective, the Waves and Pattern is tending towards the blue e wave being a lower low in the range of $7,600 to $7,250 or so.
The logarithmic chart is little changed. It holds the $7,622 or so as the point where the first longer term trend support line resides. The downward wedge's apex also resides at the support line. It'll be interesting to see how price action plays out overnight, should this longer term support line be touched.
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Buy the dip, always the best strategy.
only if you still have cash...
This time, it will go below 6k within a month.
Great post, our charts are identical.
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No matter what, this correction is temporary and we will go up, maybe even 90k by 2020? Can you say Fractal?:
Yes @tokyoin, bird’s eye view. Stock changes always follow certain patterns but historical data have shown that well established stocks don’t just “disappear”. And the trend is almost always increasing due to growth or inflation.
Very nice chart.
Can you give a link to the source of it?Thanks.Where did you find this graph? Is there a larger version?
https://bitcoinschannel.com/wall-street-fund-predicts-a-91000-bitcoin-price-in-2020/
A value of more than 50,000 U.S. dollars is good, the value depends on the demand, the demand is resolved by the peers, and the value naturally goes up.
Thanks Haejin! Fuck these haters! I'm muting all of them. Not interested in their perspectives which is why I'm not reading their posts...just as they should do. We are here for you, and we appreciate what you do.
Lol, almost every prediction he has made over the last 2-3 months has failed miserably.
For future viewers: price of bitcoin at the moment of posting is 8191.00USD
8,196.1
@ipostbtcprice Are you so dumb that you think people need to know the price how many hours after it was posted? Do you not think people are actually watching the price before or after @haejin has posted his TA. Please tell me exactly what it is you think helps people with these price quotes. Do you also not realise that this information (spam) is as worthless as me quoting the nasdaq? The only price that is relevant is the price at the time of looking. Not what it was 1,2,3,4,5 or how ever many hours after. In short the price is what it is all of about a few seconds, till the price changes. You could become a talking price bot, but I think you would run out of breath trying to keep up with the price! hahahahahaha
I watched tones of Youtube videos about BTC (predictions, fud, hype...) And it was stupid because video was 1 month old and if I wanted to know the price, I would need to go to other page and serch it out...
That's a reason? That still doesn't explain your post. Surely the whole point of looking at a price is to view it on a chart. the way you do it doesn't make sense. Watching one month old posts and not realising it is another matter. Maybe cut down on what you watch, it obviously doesn't help! All you need is @haejin. A polite thank you after watching. But seriously please stop with the price at post BS it is childish, and just maybe people aren't as dumb as you or as you think they are.
HAEJIN LOGIN: Zenj+t#x~K#?EPXp/2>?,'A!S>LaDneqQSXt?SadUQ4Xt{vRe+
very wrong, again..
https://steemit.com/bitcoin/@bryanalighieri/three-drives-reversal-bitcoin
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 130.52 SBD, based on the pending payout at the time the data was extracted.
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No matter