BITCOIN (BTC) Mid-Day Short Term Update: A,B,C,D,E Triangle....again!
SUMMARY
Cryptos love triangle patterns. It's to me the truer reflection of sentiment than equities which is prodded, pushed and stretched by the PPT and Central Banks. The chart below shows an A,B,C,D,E triangle (3,3,3,3,3) waves nearly complete. If so, an impulse set of waves should brig price to $6,200 or so. The MACD in thsi hourly chart is curling upwards to support.
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
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Legal Mumbo Jumbo: 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.**
Very interesting, i think it might go a little downer first.
I'm discerning a potential H&S pattern on the 30min chart, it also looks like its completing a bearish flag.
Let's see how it plays, thanks a lot.
Yes, the H&S Top is apparent, thanks for posting. The Elliott Wave correction coudl turn out to be like below; but the 1.618 Fib at $6,200 should still be the upper target. This is a correction.
I know this is off topic here; but can you revisit ETH again. Looks like this is still in the ABC correction, with the C remaining.
Rising wedge; divergent volume:
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SCAREY XRP dropped about 20-25% since yesterday. What’s happening.?
Even with that, XRP is sitting on hard support line, let the prices flick around as they need to.
Thank you. I like you, too. You are the expert, professional,virtuoso. I think I have a handle on patience, and the Xrp drop is not bothering me as badly as previously. I keep saying they are like living creatures that just have a bad day ! Enjoy Germany.
I think that they could take it a little downer but the target of $0.5 remains still!
Here my count if you like
This is just wave 2 correction. Better price point to get in before wave 3 up.
Can you show me on a chart?
R u a TA
Nope, I was just interpreting Haejin's previous update. Nothing goes straight up.
this post is very useful @haejin
I provide free Technical Analysis. If there is a coin you'd like analyzed, please let me know. I only ask you consider an upvote or follow and resteem. thanks
Thank you nice post info pelese halp me
Could you please look at FLiK?
Thx
The FLik chart isn't loading. Not sure why. Can you send me a chart? A daily and an hourly chart...thanks!
How old is this coin? maybe too new for price data on chart?
Bitcoin cash update please !
See the earlier mid day post
Thanks!
Hi Haejin, could you update Whitecoin and Zencash? Thanks!
ZEN: more bullish than before!
White Coin is bowl shaping:
Awesome, thanks!!