Bitcoin Update - February 27, 2018

in #bitcoin • 7 years ago (edited)

Are we seeing a correctional wave 2 setting up for a Wave 3 moonshot between mid-March to early April?

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I've adjusted my trend lines a little bit since Sunday to reflect the channel as it emerges.

While there is a lot of debate over whether the price is going to tank to 6K again, I personally believe we are in wave 2 and will see wave 3 occur sometime in March or early April. Whether the price dips as low as 6K again, I myself am not gambling on it, but I'm not a professional financial adviser either.

I've looked at a lot of charts from tradingview.com members and there is a lot of guessing, but no one with a definitive answer.

TNTSunrise:

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EXCAVO

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Two examples above show different perspectives. There are many just like them with varying degrees of confidence in the up or down direction.

Thanks for reading, and keep vigilant in this cut-throat crypto market.

Tip Jar:

Dogecoin DDizpbLrYzFNEZtEVvUXo8kKBKu3K7yLry

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As always; good luck, good wealth and good health to everyone on Steemit. Stay positive towards others and help the community grow. Thank you for reading and sharing. Comments are always welcome.

#blog #crypto #cryptocurrency #update
7 years ago in #bitcoin by
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     7 years ago 

    Technical analysis can go either way and I am just waiting to see. Best bet would be to hedge your bets, place a bunch of limit orders, and bank on at least half of them making good short term money when the bounce happens.

    This is like a soap opera you can't miss an episode of!

    Thanks for the TA and insight.

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     7 years ago 

    Yep, always good to be sitting on both sides of the grass.

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       7 years ago 

      Well, let's see what April has to offer but I see a bright light at the end of this tornel... Have my eyes fixed on ETH though...
      Well done on the update and keep up the good work

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       7 years ago 

      Thanks for the update. I hope it turn around for good

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         7 years ago 

        Very good information to learn and good graphics thanks for sharing

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           7 years ago 

          The number of pending transactions and transaction fees on bitcoin's network has registered a sharp decline in past few days. Efficient processing of transactions will help draw in more investors to bitcoin and have a positive effect on its price.

          With BTC closing last month at $10000 the cryptocurrency is on track to close the current month with only marginal gains, unless the bulls make progress. Hope April will be the month for bitcoin to skyrocket its price🙂

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