Bitcoin (BTC) Mid-Day Update: Both Price & MACD Moving within Contracting Lines

in #bitcoin4 years ago

SUMMARY

Here is the 4 hr chart MACD for Bitcoin (BTC). Since December, it's been moving within two contracting lines and is getting closer to the Apex which currently sits on April 17th. A resolution needs to occur and for the bulls, the bottom blue line support needs to hold.

Here is the chart with both MACD and Price showing a very similar pattern. Symmetrical triangles often represent a time phase of indecision. While travelling within the contracting lines, price needs to take direction. It would be interesting to see a higher low in MACD but a lower incremental low in price.

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this is gonna brittle, hold tight!

Nice bull wick down to 6900 territory! Here comes the rise!

What do you think about this analysis?
Charts.gif

crying about it, when it is going back up ;)

You ARE doing harm. Very unaware I must say. Lost sooo many people money not recognizing this bear market. Always optimistic. How can you sleep at night ? "Evil"dressed up as good. Anyway Karma will be applied. Enjoy the blood money.

No, the truth is you don't know the difference anymore between a lie and fact.

Get a life FFS. Have you got nothing better to do?

I think this is a fair point.

do not be in a hurry since the drop is very slow while the correction is very high as witnessed previously. so wait for some time and will go back but I think not before seeing $3,000

OK - I hope you are right. I have bet my house, my kids college money, next weeks grocery money, and my car title.

I'm all in around 7K.

I hope you're right......

Nice one. 😂

I hope it will go back soon. But please do not invest amounts you are not ready to lose. Wish you a huge profit.

do a ladder buy-in instead.

Betting the farm is NEVER a good thing.

It's proven many times by your own actions that you are a beady eyed, two bit good for nothing sociopath!

Haejin as one of your private students and having several private TA lessons I have to come out and speak out. Come on man you know BTC is on a bearish trend and we are heading towards the 3000 - 3500 level. Why not just tell your followers and warn them of that. Why did you not warn them long ago like back in early January to take refuge in fiat, so they could buy at the bottom. You are still preaching a bullish trend, surly someone of your caliber with the knowledge you have in TA knows better than that. If you truly care for your followers then help them and not just use them for steemit credit...

Oh I absolutely agree/. Well well said !! What is wrong with this man ? We used to think he was good but it turns out he is NO good and very selfish to boot. He has caused a LOT of pain in the space and should please do us all a favor and STOP. Truly despicable. Your words absolutely nailed it and I am now disgusted with him. More people need to speak out, SHAME ON HIM. Worse than useless... never warned anyone about a thing with so many now trapped. He will coldly bear NO responsibility. A despicable man it turns out to be.

I'm interested on how it ends.

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excelente información

Thank you for the charts.

Excellent information ! Thanks for sharing.

Timely information always helpful. Thanks for this great post @haejin.

He is leading you astray

That was what I was looking at its interesting.

It should be breaking out of that triangle in the next few days, if it hits the apex triangle will be invalidated

Yes, let’s see how it plays out. Would you say now is the time to be taking buying or selling actions?

I would wait until it breaks down. buy around 4k

Yes, let’s see how it plays out. Would you say now is the time to be taking buying or selling actions?

Why the fuck are you asking him? I thought you were supposed to be the CRYPTO MASTER. You are such a FRAUD!!!

Well, getting people to think for themselves, rather than giving answers, is the sign of an educator.

Make sure you downvote all of @Haejin's scammy post!!!

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You are doing great harm... Re read this

Haejin as one of your private students and having several private TA lessons I have to come out and speak out. Come on man you know BTC is on a bearish trend and we are heading towards the 3000 - 3500 level. Why not just tell your followers and warn them of that. Why did you not warn them long ago like back in early January to take refuge in fiat, so they could buy at the bottom. You are still preaching a bullish trend, surly someone of your caliber with the knowledge you have in TA knows better than that. If you truly care for your followers then help them and not just use them for steemit credit...

Lets see how it plays out !!!!! Evil man. Honestly you are.... And USELESS at TA. Ignoring ALL fundamentals like a religious NUT.

what about the finishing touches of the last wave in that descending wedge before moving up? i assume thats been invalidated now since we are below 7k?

What kind of post is this heajin what the ???????? a post purely to make money from steem it seems.


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YOU, sociopath are afraid of getting more exposed! I can smell the fear!

Looks like a buying opportunity to me!!!! Thanks for your wise skills big dawg

The buying opportunity will appear when it falls to $6100.

Haejin doesn't teach you charts like this!!! He doesn't have 25+ years of Windows Paint Knowledge. Only a true master of crypto can teach you charts like this.

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