BITCOIN (BTC) Mid Day Update: TWO Flags Don't Make a Right!

in #bitcoin • 7 years ago (edited)

SUMMARY

There is a bit of sluggishness with Bitcoin's price movements. The chart shows two flags, the first could be a fractal for the second to follow. If it does, this would mean that wave c (red) would be a bit further below. This doesn't remove the $6,200 price target at Fibonacci 1.618 level. The MACD is also turning down but I've seen plenty of hourly MACDs turn up on the dime.

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#money #cryptocurrency #blockchain #altcoins
7 years ago in #bitcoin by
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     7 years ago 

    Good evening from CT, USA
    is your ripple XRP forecast more PROBABLE than possible? (I am learning).

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     7 years ago (edited)

    Yes. But keep an eye on Bitcoin.

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     7 years ago 

    This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

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       7 years ago 

      @eileenbeach has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

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         7 years ago (edited)

        I just took this to heart and traded some BTC for Syscoin. My noobish technical analysis learned from watching all of your videos seemed to show a large cup and handle (long handle??) on the 1d and perhaps a double bottom? It’s moving but I am still trying to figure out how to tell where key resistances are.. about to butt up against one again I think. EDIT - meh maybe just lint on the screen. ;)

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           7 years ago 

          I wish you MASSIVE profits!

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