Bitcoin (BTC) Morning Update: Expect Some 3 of 3 Fireworks!!
SUMMARY
Bitcoin (BTC) overnight price action breached out and above the symmetrical triangle (blue lines). There obviously was no need for one more lower low! Price now sits at the belly of the resistance upper trend line.
There is a fractal I had not noticed last evening. The left symmetrical triangle has a very high similarity index to the wedge from which price broke out of. IF the similarity extends to the follow through, we could see some wave 3 of 3 fireworks!
The fractals are better shown in white and blue boxes. The follow-through could be the event that breaches the upper white trend line resistance!
The white line option shows the Inverted H&S Right Shoulder formation should the fireworks start today! Exciting times lie ahead! The video contains the details of a Bitcoin Shortage and exactly how that'll drive the next bull run to six figures potential!!!!
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Seriously doubt it's ever going to retain it's former glory.
I like the fundamental explanation in the end! More of that would be apreciated! I'm on the same thought process as you. Have elaborated a little more on the trendlines from the H&S. What do you think?
https://steemit.com/bitcoin/@benkalashnikov/bitcoin-btc-analysis-update-4
Yes your right :) ... I also liked the comment about the purchase of Poloniex by Goldman Sachs and Wallstreet coming in and the connetion to the price of bitcoin ... I like that :) ...
Did you make that yourself? If so that is cool as ice!!!
Sure. I made it myself by illustrator.
Thanks bro!🤠👍🏻
So Cool!!
Thanks🤠
Hi @haejin, thanks for your everyday content. Your analysis looks a bit like ours. Happy to see that we are all in favor of a upper breakout.
Come and check our article here : https://steemit.com/bitcoin/@cryptotradingfr/analyse-technique-01-03-2018-or-un-futur-joyeux-pour-bitcoin
Cheers, see you soon.
I did not have any info about cryptocurrencies before I read your posts but after reading your posts on steemit, I'm going to be a master. Thank you @cryptotradingfr
Very strong last statement @haejin
I'm a BTC pack rat all the way to 1000000...
$100,000 this year!!!😎
WOW I could buy a LAMBO!!! Just kidding, I would need 1000 @haejin upvotes to afford a car like that.
source : @blockchainnation
YEAHHHH. I wonder if Haejin has a Lambo?
From Haejin's general tone, he doesn't strike me as the type of discerning gent who'd have a lambo. But hey i could be wrong! show us your lambo haejin!
very interesting indeed that chart is crazy same thing again and again big and small.....crazy
Good
uff I still have a few projects to invest in, hoped for btc to pull the alt marked just a little lower for making a sweet bargain. seems I better hurry up now.. :-)
They're waiting for you to invest! Lol ... hope everything ok
haha usually you can count on it that as soon as I'm in there will be another dip.. :-)
I just have to put this, rofl!