Bitcoin (BTC) Evening Update: An E wave or a D wave?steemCreated with Sketch.

in bitcoin •  11 months ago


The video contains much more details. It presents a scenario of either a D wave or an E wave direction. Within the current price zone, two patterns can be identified: A triangle of a,b,c,d,e (blue) and a bear flag of an a,b,c,d,e (red). The below chart shows that should a bounce occur off the support line and gets repelled by the blue line; a triangle pattern could gain the confidence. If the bounce exceeds the blue line of the triangle and reaches the upper white line and gets repelled; then the bear flag could gain the confidence. Let's see how the overnight price action takes it. The MACD of the 4 hour time frame chart is oversold and a bounce is due.

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I feel like btc triangle are getting bigger and bigger. Lol

Thanks for your signal! I can trade more easiler!

Thanks for the update. BTC certainly does have a mountain to climb!

Thanks for the update!


Yes, it is just too bad that his analysis is wrong and the btc/usd price action is actually in an expanding triangle. I cearly illustrate this in my most recent blog post:


your analysis is just another possibility, until the pattern that is actually taking place has been confirmed, it's anyone's guess at the moment. and either way, there are two out of three possibilities that could lead to a break out upwards, symmetrical triangle and expanding triangle.


So the analysis confirms the price could go up, sideways, or down. That is the valuable type of analysis I like to use to make HUGE day trading profits.

I doubt anyone else will realize that those three probabilities exist. GENIUS !!!

It seems to be moving up nicely now. Hopefully we can squeeze in to this wedge and than explode up after.

If the price does fall I will hold my btc and buy more!


Lol ! Buy PRL for some quick profit , DYOR !


Haha, nice one!
Sometimes we need to see the humor in it all!
Ive been holding some nice ones for a while, will be hoping for a good outcome and be patient in the meantime :)


It's brilliant ;))
But, are you guys still into BTC ? I mean, I'm all for it but Stellar Lumens really ARE shooting, I've been preaching that for three days now and you rabbits won't listen - okay I guess, flagellants like to suffer !
But in case you wat to earn a little money while you wait for BTC to recover, have a look at haejin's last XLM/Lumen video.
It's still time to get in and a nice way to wait and see what BTC does... whatever you do, don't buy BCH, as BCH and its pumpers are the only ones who really want to hurt Bitcoin.
All FUD but as I said, while we wait...

No need for fear boys. Crypto won't fail us now, for it is only blossoming! Gather round and on three! one, two, three, HODL!!!

But really, the tech will bring it back up. No need to worry! @haejin will show you boys.



but don't be stupid...

Haejin, can I request you make an LTC chart analysis? Guys who also want to see it, please upvote so haejin would see it.


Yes Ltc long term TA👍

Huge post,,,,remarkable:)


I like that chart ;)


Good one, helps seeing things in perspective.
Problem is, people are week-oriented rather than quarter-year-oriented.
Otherwise, we have no problem at all. and the future of crypto/BTC is still looking spectacular.

Thanks Haejin !!!
At wich point of the MACD should we consider that it can reach the same point as the previous low and that a triangle/bull flag are no good ? In that case it will be 535 correction, right ? Is something like -600 or -800 of MACD a good sign of it ?
Just trying to know if I got to spare a bit money to buy if BTC gets really cheap in a week or so :-)
Can't wait to see the next rally to 23k$ anyway !!!

Thank you for this important information

Everythings on sale, fill your purse!

Thanks, always reading your forecasts

This is the kind of analysis I need at the moment. I will be watching that blue line closely! Thanks @haejin

I'm watching government investments into crypto infrastructure. China wants all of its citizens to have phones, which enable people to carry digital wallets, thus preparing them for a universal basic income. Many other countries are trying out universal basic income schemes as well. It will require a good online network, which Trump just announced on Monday that we will be investing in online infrastructure for rural Americans. Cryptocurrency is going to be huge in the next few years!

Nice one.... Well-done

I think all these wave things is just crap, crypto works on the greed o f the whales and financial organizations that are in it or want to get in, they are the ones who have the prices going crazy, there is just no way of predicting what happens next because it all rests on the whims of these people..


Every time a small punter buys some Bitcoin it dilutes the whales hodlings. This will even out eventually as their influence will wane over time. Only a finite amount of coins.

saludos aca retomando steemit con nueva cuenta

Thanks for share your valuable opinion.

Hey all!
I have put together some picks. They are low market cap coins that I believe have great potential for profit. Obviously there is risk and do your own diligence before buying. I am not a financial planner or advisor.
In no particular order:

  1. AirSwap AST (Binance)
  2. Lamden TAU (EtherDelta)
  3. Loopring LPC (Binance)
  4. aelf ELF (Binance)
  5. Luxcoin LUX (Cryptopia)
    (Follow me on my new Steemit for daily picks, and have an excellent day!)

I tried forex before but because of luck of knowledge I failed in trading. Crypto will never failed us. Even if it dropped, it quite scary though but it might rise up again 😊

nice information...its help for all steemian.thanks @haejin sir for u nice content...i alwys follow...u gread..i hope u alwys beside me

Thanks for sharing dear i am new hope you upvote me and support me thanks

This is the best way to invest and get double amount Great opportunity of cryptocurrency.

thank you informations

for everyone here looking for followers, i follow everyone that follows me. lets grow steem together!

Thank you for the update!

Seeing as you said bitcoin will shoot through to 23k 10 days ago now, im going to go with the option of you dont have a fucking clue what your talking about.

It seem you are good at trading which stratage do you use???

Thanks for your expert opinion on cryptocurrency. I have been following your immense contributions. My worries, is the current frequent fluctuation of prices of currencies in the market, it gives me some concern. I upvote you.

Is ferigood informasion i like

sooo...if we all just sell at the blue line, we can create our own bull flag? around 16500?

de verdad gracias por tu posts, he estado leyendo algunos y es un tema que aun me cuesta entender... saludos

Thanks for the update Haejin. Could you please look at Hempcoin.

Terima kasih atas info nya


Thanks dear your valuable post I waite your next update post..


I am curious as well.

Very clear Master Lee. Thanks a lot for your teachings.

Nice update thanks!

btc bounce is likely

My Blog @asifgoraya123

It's the information I want.

Hmm, based on the analysis, there's still some possibilities for Bitcoin to move downward, maybe to retest the $11K line again...

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Nice Post Dear Steemian. Thank You For Your Effort
Shared LOVE With My Upvote. How about you Share some Love too?
Cheers and Have a Peaceful, Profitable Year .
Keep Posting and Get Rich ;) :)

Thanks for the info. Kraken is still down. ;-(

Appreciate !!!

I’m not worried yet. I dont think there is ever a need to worry about BTC. It will hover around these prices for some time i think. But we all know crypto is volatile. Things change quickly. Alts can shoot back up in 5 minutes, or they can continue plummeting. Same goes for BTC or ETH. They all change rapidly. It’s the name of the game. We all get excited in the green. But when things are green for too long, we forget about the red. And this causes us to get scared we will lose money. But its just the way it goes.

It gets said enough, but people always fear the drops, JUST HODL

You are doing a good job, way to go 😀.

I wish Bitcoin fees decrease

I'm watching government speculations into crypto framework. China needs the majority of its residents to have telephones, which empower individuals to convey computerized wallets, in this manner setting them up for an all inclusive essential pay. Numerous different nations are experimenting with general essential salary plots also. It will require a decent online system, which Trump simply declared on Monday that we will put resources into online framework for rustic Americans. Cryptographic money will be gigantic in the following couple of years!


Good recap of the post from @poimenpost.... It's "rural" not "rustic" by the way.


Plagiarism is frowned upon in the community, @khanhfd4. You basically restated my reply from above. Thanks for catching that, @skippyvonn!