BITCOIN: Bull Flag & Falling Wedge

in bitcoin •  6 years ago  (edited)


I know, I know... I have been searching and telling you about it many times lately...

This is becoming boring...BITCOIN is moving terribly slowly...tracing a downtrend path which does not give us positive feelings right now. But, you know, Volume is the key right now. Volume has decreased a little every day, forming a "Falling Wedge" but, essentially is more or less constant if not flat at 5.5b$

The Bullish Divergence is still there and now BITCOIN is approaching to the upper resistance of this Falling Wedge. This breakage is the key now...

If, while approaching to this line, the Volume spikes then it would be very likely to reach the point (d) of our looooong Bull Flag...at 3800 USD

Enjoy!

@toofasteddie


*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.


Published by Toofasteddie

on

with SteemPress
https://mentormarket.io/toofasteddie/bitcoin-bull-flag-falling-wedge/


Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I do hope that you are right but I do think that we will hit some lower mark before it goes up again. If it goes up again!
We all think that there will be a time that BTC will break new heights. But none of us know when it will happen and maybe more important if it will happen.
Still we all keep the faith and hold for life. I am temped to invest some fresh fiat money in some crypto currencies but I have learned my lesson hard last year. It was always like catching a falling knife :(
Let's go to the moon I would say!
I will be glad if I ever will be able to recover my investments and if not, at least I tried :)

Cheers,
Peter

If it goes up again!

This sounds illogical. :P

It will

Posted using Partiko iOS

Microsoft is flat, Intel is flat, Apple is worse than flat, but it's giving signs of life. FB is rising sharply, Amazon is not bad...

I don't know, but I think we will need to wait for at least 3 more months

I do see it as my retirement funds, so I can wait some time before it goes up again :)
But still would like to harvest some of the hard work before the end of year! And if not, I will wait.

In reality... If we compare 2017 with 2018, now... There are more crypto exchanges including many gas stations in Austria, peripheral towns in Serbia and Pristina for example. There are more dApps, more products. The only thing lacking is - the hype. There is no hype because the is not enough "brave money" because the overall situation is not that good.

Once the money becomes brave again - there will growth again.
For crypto, it's only important to survive. Just don't buy obscure coins, I think it will be fine.

Good luck!

Agreed 100%. It’s all a question of temporary sentiment.

Posted using Partiko iOS

Better times will come, sure.

Let's hope there will!

Que te parece esto @toofasteddie? Creo que acabamos hacer 4 y vamos a por la 5

image.png

Creo que es eso exactamente lo que está ocurriendo, si

Posted using Partiko iOS

Esto explica todo el absolutamente ilegible jaleo que ha sido el trayecto de la puta letra B

Siamo tutti con il naso in su, aspettando che la curva s'impenni!!

Posted using Partiko Android

Hi @toofasteddie!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.044 which ranks you at #3544 across all Steem accounts.
Your rank has improved 25 places in the last three days (old rank 3569).

In our last Algorithmic Curation Round, consisting of 196 contributions, your post is ranked at #31.

Evaluation of your UA score:
  • Some people are already following you, keep going!
  • The readers appreciate your great work!
  • Good user engagement!

Feel free to join our @steem-ua Discord server