Bitcoin (BTC) Evening Update: Symmetrical Triangle Pattern Near Completing C wave; Leaving Waves D and E Next

in #bitcoin4 years ago

SUMMARY

With today's price decline, Bitcoin (BTC) is now closer to completing blue wave C. The below chart shows the proximity of price to the lower white trend line of the triangle. IF correct, price should bounce off the support to put in blue wave d. The bottom support line needs to hold against a decisive breach. The bounce would also allow the white MACD line to start curving up.

The wedge pattern could be almost complete given that the blue a,b,c,d are placed and e is at the terminal end. The red abc show that C's subwaves have probably one wave 5 to go. IF the bottom line of the wedge hold as support, a reversal or bounce should take place.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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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Technical analysis certainly didn't predict Google bending Bitcoin over and having it's way with it!

Actually it does predict things like this. What can not be predicted is last minute changes in the quantum field. Nobody can predict the future because that would mean that the future is predetermined and if that is the case then NONE of us have freewill.

Only brained entities have free will.
All others are part of the herd.

BTC will bounce back from $6666.

Source: Straight from God's snapchat.

I NEED MASSSSSSSSIVVVVVEEEE UPVOTES!!!!!

lol well fuck off I don't have any. a laugh is all i give you.

HI My Goldfish Died Today. Can I Get A Few Upvotes?

TA has no use in crypto..hes using analysis from a different paradigm....Old price is no way an indicator in crypto..Its going to go way down..Is he telling people that with his borrowed graphs??

Haejin predicts everything with his Technical Analysis, he is a God :)

Lol, I am kidding but he did actually make me aware of the falling wedge which I had not seen by myself and it does look legit:

Wow I've never seen a post blowing up like this before. @haejin are you the president?? Thanks again for the education. I remember you did mention BTC in the $7K zone. I'm learning a lot stunner..

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second :)

Only putting my money into arbitraging http://arbiswap.comscreenshot-arbiswap.com-2018.02.19-14-10-16.png

how's that working out?

Thanks Haejin,

This is what I got, just a general look at the downslope (weakness) of the CIHSB.HMMMM.jpg

P.S.If we are able to consecutively go green for the next three days above last months 24hr closing avg - the correction is finished. If not, we will be seeing lower lows. Next target from here 9.5k in the next 2 days! then 13k by the end of the month! (Just my opinion looking at last month's numbers and comparing to this month Screen Shot 2018-03-14 at 11.55.26 AM.png

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BTC WILL GO UP RAPIDLY ON 17TH MAR !
LET's GO!

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Because of some fud's and recent ban from Google for advertisement of cryptocurrency - probably bitcoin will test 6000$ again (RSI 1DAY CHART, MACD & because of continuous fall in volume ) hope for the best

You have discussed nicely. If you can put a video, the matter would be more attractive and interesting with easier understanding. Next time we shall wait for a smart video. Thank a lot for this post.

Nicely interpreted. Thanks for sharing

I NEED MASSSSSSSSIVVVVVEEEE UPVOTES!!!!!

Leaving comments asking for votes, follows, or other self promotional messages could be seen as spam.

Your Reputation Could be a Tasty Snack with the Wrong Comment!

Thank You! ⚜

Your response to my comment is SPAM!!!
That's discouraged by the community!!!

I hope you are cleaning that off in between uses - you could spread infection

If it holds... IF IT HOLDS!

Bitcoin Has Strong Support at 8k$. So Bounce Back from This price is Expected And Can Touch 9k$ to $10k Price in 1 to 2 days. If BTC Break 8k$ Support then WE will see it at 7600$

impressive, informative post. hope for the bright future of Cryptocurrency, i am sure it will.

I will refer you to your analysis and sell about 50% of your BTC to D, and you will buy again when E comes.
Everything is my decision !!
Good Luck !!

Very intrested post.

Very intrested post sir thankx

Good post 😊😊

yes - everything is up to "if"

Thank you

What a crazy ride...but I have faith that there will be a huge bounce in the future. Until then, I'm planning on buying a bunch of Bitcoin and some alts as well....keep filling them bags! Nice chart interpretation! Respect

Very good info
thanks

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin8465.750$1.88%-4.99%
EOSEOS5.154$-1.9%-9.94%
QAUQuantum0.145$-2.45%-10.96%
WAVESWaves5.094$-1.0%-11.42%

Good analysis

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Bitcoin slipped to a five-week low on Thursday that also marked a drop of nearly a quarter in the cryptocurrency’s value during the first two weeks of March.

The cryptocurrency dipped as much as 5.4 per cent to $7,753 during the morning session in Asia, its lowest since February 9 and down almost 25 per cent since the end of February, according to Reuters data tracking the Bitstamp trading venue.

Ethereum, the second-largest cryptocurrency by market capitalisation, fell 4.8 per cent to $585, dipping below the $600 level for the first time since early December.

Bitcoin has weathered a series of blows this month. The US Securities and Exchange Commission last week warned investors that cryptoccurrency exchanges were not regulated.

Google on Wednesday said it would ban advertisements for cryptocurrencies, initial coin offerings - a crowdfunding mechanism using digital currencies - as well as cryptocurrency exchanges, trading advice and wallets from June.

The move by the search company is part of a crackdown on risky unregulated financial products and follows Facebook’s decision in January to ban all advertisements for cryptocurrencies and ICOs.

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Apex meets the 300 Day MA

And April 20th, 4:20 - Bunch of stoners are going to run up the price of BTC LOL

We're heading down to around 7.1k before we bounce so there's still quite a bit more price slippage to go.

감사합니다 항상 잘보고잇습니다

Google can ban all cryptocurrency-related advertising of every type in June 2018, in step with a recent update to their money Services policy.The news of a crypto ad ban comes simply days when crypto advertisers victimization Google Adwords noticed a forceful come by the amount of views of their advertisements, in step with posts on the Adwords support pages. However, Google Adwords had at that point denied any amendment in their money Services rules that may block cryptocurrency or Initial Coin providing (ICO) connected advertisements.Under Google’s fresh updated money product policy, no advertisements for “cryptocurrencies and connected content (including however not restricted to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency commercialism advice),” are accepted.
The move affects all of Google's ad product, which means firms won't be ready to serve crypto-related ads on the computer programme giant’s own sites, likewise as third-party sites in its network.

Google can ban all cryptocurrency-related advertising of every type in June 2018, in step with a recent update to their money Services policy.The news of a crypto ad ban comes simply days when crypto advertisers victimization Google Adwords noticed a forceful come by the amount of views of their advertisements, in step with posts on the Adwords support pages. However, Google Adwords had at that point denied any amendment in their money Services rules that may block cryptocurrency or Initial Coin providing (ICO) connected advertisements.Under Google’s fresh updated money product policy, no advertisements for “cryptocurrencies and connected content (including however not restricted to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency commercialism advice),” are accepted.
The move affects all of Google's ad product, which means firms won't be ready to serve crypto-related ads on the computer programme giant’s own sites, likewise as third-party sites in its network.

Wow I thank the stars I found you today @haejin. Where have you been. You are such an expendable person.
Ok following you now.

I believe that bitcoin will touch the 5 K then will bounce to the top again.
At the end of the year bitcoin will be at 25 K.

Thanks for your excellent analysis, you keep me sane in this insane market.

Nice TA... Keep up the good work, Ill be checking back in...

i think ive officially lost faith in you analysis. btc has lost like 70% off value and your over here bullish as all can be....lotta people under water here...

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