Bitcoin (BTC) Mid-Day Update: A Discussion on Fractals

in #bitcoin7 years ago

SUMMARY

I wanted to further detail Bitcoin's (BTC) wedge fractals that have been shown in earlier posts. The white box cointains the correction from the $20k top to $5,900 which temorarily poked through the bottom triangle line. The blue box contains the smaller fractal and the blue abcde markings show the same potential for price temporarily poke through the bottom support line of the triangle. The final subwave blue e is likely still in the works and could generate the bull wick event through blue wave 5 of c of e.

The longer term symmetrical pattern is still maintaining blue c wave to complete at around the 20th. That would provide the onset of blue wave d and the final e which would extend towards the early/mid zone of April. These time projections will need a degree of variance but regardless, the closer to the Apex the better for a trend reversal priming.

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Some people are saying the way bitcoin is performing right now,only a miracle can save bitcoin now but I don't think that is the case.
It is very normal for bitcoin to do this kind of stuff and show behaviour. Just HODL and relax. It will go up and if it doesn't and in the worst scanerio it crashes like crazy and one bitcoin becomes equal to a penny then I guess You have a good story to tell your grandchildren that you were part of it.

Those people are creating FUD to be able BTFD.

Just ask one simple question - if Bitcoin is dead, then why the richest guys are investing billions in infrastructure to support it?

We are still in the correction phase, after such a huge gain in 2017, i believe 2018 will be way different that last year. I wouldn' t be supprised if bitcoin reach 4k USD - thats the level when i will buy it.
'Trend is your friend' - thats the good advise for now.

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When moon?????

Good my friend

Bitcoin has really took a plung! Is it hitting bottom?

I am following you, I like your post,
your post is very interesting, please help upvote for my blog @chukwudbem thank you

Just remember that at the end of December everyone was rubbing their hands together, thinking I'm going to be rich right before the big drop. Now everyone's wringing their hands together thinking it's over right before the rise.
To quote Haejin the market takes wealth from the impatient and transfers to the patient.

Are you a writer of your own thoughts different from possibility? thanks heijan

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