BTC Evening Update: Temporary Correction Needed? Flag Fractals Indicate a Yes.steemCreated with Sketch.

in bitcoin •  7 years ago 

SUMMARY

Throughout the day, Bitcoin (BTC) has been making small incremental increases. The chart below shows how each flag fractal climbs in price less and less. This is a sign of exhaustion and most likely a correction is warranted. Let's see overnight how price does.

Confirming the need for a correction is the below chart. The upward pointing triangles are very similar and if the first is any indication, a moderate correction could be probable.

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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.**

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Thank you for the update. Request you to do a post on ETH. Would be great to know your thoughts on it. Thanks in advance.

ETH seems to be silent from past week. @haejin what do you think about it?

Thank you for the update. I drew out similar charts before. It feels good to know my TA skills are getting better after watching and listening to your thoughts.
By any chance have you had a minute to look at verge and or bts updates? moved very similar if not identical to your TA. Thank you!

Up, up, and away!

Hodl!

dont hodl too long. I think there will be a major correction after these forks are done! Remember forks are a scheme to raise prices. That is why the prices go bonker everytime there is a fork. Its the third on in last few months, Crazy stuff!

Interesting analysis. I agree, would seem BTC is due for a correction soon.

If you had the chance could you take a peek at Zencash? Looks like a support line was broken and will have a way to fall yet before the next support level is reached. Any truth to what I'm seeing?

Hmm, 4 fractals, a curling MACD, and possible mojo surprise.
This crypto has a personality trait. It is like Prometheus, climbing the mountain with torch in hand. He is the diety from Greek mythology who stole fire from Mount Olympus and gave it to mankind. The fire gave humanity life.
Prometheus paid dearly and was punished by the Titan King (Zeus) for this.

InDeeD hung up for his foresight and Gnosis withholding from Zeus how he would fall , The punishment was the Eagle was to eat his Liver daily and it would then regrow so at sunrise ,the dawn before, it would then be eaten throughout the day again. Checkout EOS Greek as well. Wonder where Athena was in all this as Athena was the wisdom that was birthed from Zeus forehead. EOS is coming

Thank You Kindly

👀 LOOK
Haejin, made my first post. I know you like cats. Click on my name rjh and look!

Good sharing amazing post.

좋은정보 감사 합니다..
화이팅..

its a NO you are SHORT and I hope you will loose your shirt.... 6445$ and still UP

  ·  7 years ago (edited)

ATH 6495 ____ edit 6500...

XRP (Ripple) seem it's ready to shoot up. What do you think?

when you see BTC DUmp you can moove... do you see BTC dump NOW? these idiots think BTC has a fixed price like a peanut.... you will loose your shirt if you enter Ripple when BTC is UP.... Ripple will be under 3000 today... but is it an entering point? NO till BTC is UP there is no entering point for any coin....

And HERE WE GO! BITSHARES +25% !!! Profits! Profits everywhere!

Must of been a steemit update everything is green !

Bitcoin just keeps rising

I think the Chinese racing to use their new P2P exchange could likely throw all prior TA or analysis out the door. The demand will be high to buy vs sell, regardless of price. I think there will be a flood of buying from their market of sidelined or new money because of this that will cause further price rise.

Ah yes could inDeeD be Testing Transaction Process power TesT runs........ Got EOS?

Thank You Kindly

im kicking myself in the head for not getting any EOS...man that was such a great price...i feel like a kid in a candy store with all these new lows :-) Great project..same with Bitshares

Chinese never stopped buying crypto. They just bought through other exchanges. Remember their access to other exchanges wasn't banned.