Bitcoin (BTC) Evening Update: MACD! Buy Signal Could be coming!!
SUMMARY
As requested, here is an evening update for Bitcoin (BTC) which has been now up against the upper white wedge line. This line has been hit 4x as shown by the blue arrows. Each time a resistance is hit, it weakens; the same for any support. There is likelihood that this white line can be breached. IF so, the the upper blue line would be the next resistance.
Here is the daily chart. The blue line represents the flag pattern upper line. If price gets repelled by the blue line, the the bull flag pattern would become primary. The key here is how the daily MACD is now curling upwards! This could be significant as a buy signal is likely. Overnight price action could enable the white line breach of wedge pattern and MACD buy signal. Is it worth laddering in a nibble? I am.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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It's time to buy.
It was time to buy a couple days ago too. I bought a little just over $10K. So far so good.....
Looks good. The lower support needs to hold.
I think not at this moment. It was a few days ago and will be again in a couple. I like HJ's analysis, but it seems to work better in a bull run. This sideways and down stuff throws things of, and he has said it to, because Bitcoin tugs at everything. Thus, all price is hooked to bitcoin, as all coins are priced in bitcoin. Thus the energy of a coin must be great to overcome the tide.
I think we are going to keep cycling between 9,800 and 11,900 or there about for the rest of the month and first week in Feb. Can't say why, but if you look at this period in previous years, this dip in Jan has been there. Then both 2016 and 2017, the real turn up came on FEB 10. I mean to the day both years. Chinese new years ends, tax returns start to come in in U.S. hell I don't know, but I think we'll bounce along the bottom for another week or so. If anyone had been buying at around 10,400 and selling at 11,400 for the last couple of weeks they could have scooped a few grand just surfing the waves. My guess is that a few more thousand can be scooped this way. Anything can happen, but for the last two years this period has just bounced along range bound, and then turned up in Feb - Let's see if it happens again. Mine for cash an be ready.
Haejin is a bull, so works best in a bull market. The current market is all over the place.. like a tug of war. BULLS AND BEARS. Futures slose tomorrow and with the whale Mike Novogratz saying it will drop to $8000 you can bet your bottom dollar that it going to drop before tomorrow, Thats not a number he pulled out of the sky thats a number he got his hedge fund on.
This is jsut my opinion, not advice to do anything.
I have been calling for one more lower low for how many days now.
Yes you have - you've been saying perhaps a bottom
down in the 8's is a strong probability for a couple of weeks.
he pulled out of the sky!! LMAO hahah!!!
On further review, Feb 10 was the day the jan adjustment ended, the last 3 years in a row, but in '14 the market went down all darn year long. Let's hope this isn't a repeat of 14 -- 75% drop that year.
Gosh no not yet...
yes i am buying:-)
Yeahh! Of cause..... In my oppinion it was the best time now for long time!
Nice eggplant. Poo + eggplant = Santorum
Bitcoin IS looking rather bullish today. I expect the prices to reach $12,500 by tomorrow if the momentum is maintained.
Your reasoning and conclusions make sense. So what to do is watch closely if the line will be breached. Your timely warning makes critical wisdom.
@haejin Thank you for this wise counsel.
I wish you MASSIVE profits!!
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Please let me know if there is a coin you’d like analyzes.
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Very impressive post. With a lot of information
@upvoted.gif)
이번 주말이 또 한 번의 운명의 날이 되겠네요.
당신에 의견이 적중하길 바랍니다!
I wish you MASSIVE PROFITS!!
Just a nibble.
According to the behavior of the graphics, is it time to buy?
🤣
Lower low could be likely.