Bitcoin (BTC) Morning Update: Could the Bottom be In?
SUMMARY
Bitcoin (BTC) overnight price action has brought what looks to be a nice bounce. The MACD at daily scale looks to be curling upwards and could indicate a turn. As stated in prior blogs, this level of stretching of the MACD "rubber band" could not last forever.
Thus far, the price bounce fits well within the contracting lines of downward pointing wedge. The chart below shows what needs to happen to indicate if the a,b,c correction is complete. The upper white line needs to be breached through an impulse set of five waves as shown. There is a bit of heavy resistance as demarcated by the blue rectangle.
As an anlyst, I'd prefer to see a lower low as shown below. If the wedge pattern becomes complete with the final e wave, the pattern reflects far more bullish potential. My buy ladder region is depicted below. The video has tons more details.
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Looks like when it was under 10k it was the bottom.
I believe the bottom will be the $8k psychological level honestly, if it goes below there then I can't lie I will lose confidence in Bitcoin totally.
HERE IS WHAT HAEJIN TECHNICAL ANAL CHARTS LOOK LIKE!!!
haejin TA is like this pile of poo!!
This is what I wrote 4 days ago. The correction is near the end. I invested 100% of my bitcoin budget with prices of under 10k now. Maybe there will be a last lower low. But this level ist still a very good buy.
https://steemit.com/btc/@vonbuelo/bitcoin-btc-correction-near-the-end
BTC will climb back to 20k in the near future
@jahejin very solid analysis. It is a pleasure to see these types of observations, unusual patterns, etc.
Congrats!
@jahejin very solid analysis. It is a pleasure to see these types of observations, unusual patterns, etc.
Congrats!
I share with you my chart
https://steemit.com/bitcoin/@thomasawa/the-btc-and-its-possible-corrections-before-following-with-the-b-r
https://steemit.com/bitcoin/@thomasawa/the-btc-and-its-possible-corrections-before-following-with-the-b-r-update
I share with you my chart
https://steemit.com/bitcoin/@thomasawa/the-btc-and-its-possible-corrections-before-following-with-the-b-r
https://steemit.com/bitcoin/@thomasawa/the-btc-and-its-possible-corrections-before-following-with-the-b-r-update
Wonderful TA!! I really hope we do get the bearish sign and the E wave starts rInsing the sewers!! I will be ready to buy at 7 to 8k area! if not!! I will just sit and watch as i dont dare to buy in at this range at the moment.
well video & good informain bro..
Lol shit
I hope the correction ends soon, my friends are starting to say "I told you so."
haejin TA is like this pile of poo!!
haejin TA is like this pile of poo!!
haejin TA is like this pile of poo!!
haejin TA is like this pile of poo!!
haejin TA is like this pile of poo!!
haejin TA is like this pile of poo!!
haejin TA is like this pile of poo!!
100% agree, a lower low will weed out the remaining sells, then it will rocket. Thanks for Analysis. Wizard.
sir what about your litecoin TA, Bitcoin TA , they going opposite according to your analysis.
at the moment @salahuddin2004 preditcions are going right
matt expert also doing good analysis , but you only know limited chart pattern only waves,
i follow 3 different technical analysts. not all have it right all the time.
Let us also take note that BTC has touched down on the 21 WMA with a red bullish hammer! - I believe BTC will trend sideways for now, followed by a new ATH or a retest at a new bottom of 14k.
Namaste my brothers.
Why did my comment get downvoted??
A butthurt army of hackers is either blaming haejin for their own shitty investments or they’re jealous of his success. Either way it’s a lame move. If they used this jamming for something useful like messing with CNN’s twitter account it might be impressive
also exposing why steemit will never have mass uptake; you thought zuckerberg et al were bad..
No doubt daznez...steemit is screwed..i've talked to a few people about this and they left..said it was too harsh on it's users and there was no legitimate referee to weed out racism and harrasment
Zuckerberg recently announced he will look into the adoption of cryptocurrencies and decentralisation in Facebook: https://m.facebook.com/zuck/posts/10104380170714571
Guess he wants to be that referee.
Why in the hell do we need a referee?! That's like saying you need more gov't.
Good remark. I am new to steemit. One of the reasons I joined this community is its uniqueness. 100% decentralized and structured to work on its own social network's tastes and preferences.
So you don't agree to that racism, profanity, harassment and bullying needs to be re ferried?? Hmm..maybe I'm in the wrong place friend
check out: Bernie Sanders aka Randowhale aka reward pool rape and countless other false accounts and bots
This looks like a bounce to me as well but are there bounces where it just keeps bouncing lower?
Thank you for this update @haejin.