Bitcoin (BTC) Evening Update: What next?
SUMMARY
Bitcoin (BTC) brokeout of the upper resistance line of the second wedge pattern as shown in below chart. The MACD also supports. The first wedge breakout was supported by an MACD breakout and that is repeating for the second wedge pattern.
So what's next? The larger, overarching pattern is shown in blue contracting lines. Price needs to breach the upper blue line. It might take a couple more hits but pattern, Elliott Waves and Indicators lean towards an upside breach.
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Thieu s what another Famous TA analyst said
He means: only Haejin predicted it.
Now Haejin is a saint, in sentenber he will be a witch for most of the people... people are people..
Indeed, I’m glad I’m not in the spotlight. People love to love their idols and they love to hate them.
Exactly.
I have been a Haejin's follower since November last year, and I never have been negative about the way he looks at the market. He doesn't have a crystal bowl, and there are other TA analyst out there predicting other pathways. I can't believe people that can't see that investments are their own choices and responsibilities, regardless of what a person, you follow, thinks is going to happen. Also, they are not able to read between the lines. Haeijn will always be bullish, as he believes this correction will pass, no matter how low it will go, long term it will rise more and more, and that is the be all and end all of it. But it was only him that really predicted the steep rise at this particular point in time. Not on the day, as that isn't possible, but certainly different than anybody else. Many people shorted and are now bitching at the bearish analyst, again, own choice.
I look forward to Haeijn's TA's every day, and I am glad he is doing this, despite the hatred and the shit poured at him.
Hi There! You have just been upvoted by @justinadams Witness. You will always recieve a free upvote on every post you make on steemit as long as you keep your witness vote. Thanks For Your Support.
they will keep praising him until he made 1 single mistake.
Hey are you shorting EOS now? It seems to be eeeeeasy money :)
Shorting EOS?! Are you nuts?!
every coin dumps before an airdrop and after too :) Easy money!
It will be interesting to see. I think EOS could be a different acting animal.
You think it will just keep going up forever?
Thanx for Information
To the moon is next! :) lol
A lot of shortsellers are now heavily in the red given they traded on the margins to "short" - the net result should mean more bulls left in the market to push us up through the resistance levels
Hopefully we can get through it then the biggest resistance at about $11k
Bitcoin has touched the sensitive point at $6,700 and rebounded. Pending buy orders scattered from $6,900 to $7,500 might be one of contributing factors that accelerated this rally.
I agree we are looking a lot more bullish now as I have discussed in my analysis here: https://steemit.com/bitcoin/@investingtips/big-money-accumulation-and-distribution-tutorial-plus-bitcoin-long-term-support-held
The buyers have finally taken out the sellers at $8000. The next battle will be the buyers vs the sellers at $8500.
Haejin...If the buyers can win the battle at $8500, I agree with your comment in your previous post, the next target is the sellers/resistance at $12k.
NOTE: pretty cool how we can look at the charts differently and draw the same conclusion.
PS - Keep bring the fire.
nice work
Its lookong like as the regulatory fears subside and the doors open to institutional investors the correction may be reversing.
I would wait until a full trading cycle passes to make any decisions.
Excellent analysis!
Bitcoin and the top ten market cap all went bullish today. We are heading UP - that's my opinion.
Verry nice post big thumbs up and a resteem from my side for hard work and dedication.