Bitcoin (BTC) Morning Update: What Role Does Volume Play?

in #bitcoin4 years ago (edited)

SUMMARY

Overnight, Bitcoin (BTC) has surged and put in a higher high. The below chart shows the workings of a fractal pair. Note the breakout and rise are not the exact between the two but the higher highs are.

Forward discerning the potential for an Inverted H&S as shown below. The impulse from the recent $6,500 level could help finish this pattern. The volume also, thus far, confirms. This is not the primary; rather an alternate to be aware of.

So, why isn't volume like surging? Is the curren volume level acceptable? To address these questions, look at the blue and white circles on the volume. Each were at monstrous levels and served to mark the bottom of a correction. After the blue circle event, volume went to steady state and that was sufficient to support a monstrous price rise. I believe the current volume level is acceptable and will attain steady state; sufficient to support another monstrous rally.

Shorter term shows a potential for the five impulse waves (blue) to complete. The white waves are only subwaves to the blue 3...very small degree of trend. Overal, expecte higher highs with minor corrections!

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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We are going bulish

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@bitcointravel, if you continue to support @haejin you will get shit on just like Kim Jong Un shitting on @haejin!

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Post Created 2018-04-19, 00:13
https://steemit.com/haejin/@thabiggdogg/open-letter-to-haejin

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http://www.cryptocurrencytrends.info/

Do one on Digipulse on Cryptopia please.

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@trinicoinmaster, if you continue to support @haejin you will get shit on just like Kim Jong Un shitting on @haejin!

@haejin you make great toilet, just like your TA!

Nice update. Do you have update on verge? Have beeing hearing of this their new contract with pornhub

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@richardgerald, if you continue to support @haejin you will get shit on just like Kim Jong Un shitting on @haejin!

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Bitcoin perfectly raising

BTC is still in a bearish trend. They have got to break through at least 2 pretty significant resistance levels($8530-$8650) and then again at $8860-$9000. If BTC breaks both resistances I might consider becoming more NEUTRAL. Personally, BTC is not at levels right now I would consider buying.

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@cryptofan12, if you continue to support @haejin you will get shit on just like Kim Jong Un shitting on @haejin!

@haejin you make great toilet, just like your TA!

Can I ask if you expect a lower price before buying why didn't you buy in at the recent $6500 levels

Aunque declaras no ser asesor financiero, buena información para ver el volumen del Bitcoin.

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@yakoeroe, if you continue to support @haejin you will get shit on just like Kim Jong Un shitting on @haejin!

@haejin you make great toilet, just like your TA!

Haejin, do you believe that the run started? Or is it just another bull trap? What's your opinion?
Thanks for the information.

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@aezakmi, if you continue to support @haejin you will get shit on just like Kim Jong Un shitting on @haejin!

@haejin you make great toilet, just like your TA!

He changed his look because of me. I told him to change it. He is not a genius. I am all credit goes to me. I have told him before to change his look. Haejin changed everything after I wrote that he should. Don't believe shit he tells you. He takes stuff from other people. I offered him peace many times & he IGNORES ME. Like he ignored my POST. But he changed his look & can flag it. So he is not as smart as you think he is. He is a very WEAK person.

Post Created 2018-04-19, 00:13
https://steemit.com/haejin/@thabiggdogg/open-letter-to-haejin

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@adamantine, if you continue to support @haejin you will get shit on just like Kim Jong Un shitting on @haejin!

@haejin you make great toilet, just like your TA!

He changed his look because of me. I told him to change it. He is not a genius. I am all credit goes to me. I have told him before to change his look. Haejin changed everything after I wrote that he should. Don't believe shit he tells you. He takes stuff from other people. I offered him peace many times & he IGNORES ME. Like he ignored my POST. But he changed his look & can flag it. So he is not as smart as you think he is. He is a very WEAK person.

Post Created 2018-04-19, 00:13
https://steemit.com/haejin/@thabiggdogg/open-letter-to-haejin

Beautiful; thanks for the analysis. Glad you spot this inverted H&S. Great to augment my due diligence.
I named the title "Inverse Head & Shoulders Forward Discernment"

Do I sound like one of your pupils haha?

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@erit2018, if you continue to support @haejin you will get shit on just like Kim Jong Un shitting on @haejin!

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