BTC MidDay Update: What can the Bullish MACD do?

in btc •  7 years ago  (edited)


If Bitcoin rises and breaches the upper line of the wedge triangle, it would be aided by the MACD crossing to the buy side. This video analysis shows the probable and alternate pathways.

YouTube Link:

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Let's hope it turns out to be true.

  ·  7 years ago (edited)

Are you kidding me?
What should become true in a optional statement?
I am long since we broke out of my downtrendline which was there for weeks...
11k7 (finex) is safer long entry... And better take profits at some point.

Don't invest into crypto currency if you are not ready to loose money. This is rule number one, on the other hand the big risk also comes with a big chance of making a lot money from it.

Bitcoin has been going sideways for so long, I'm starting to think this is it.

this is it? what?

Nice analysis, there is a short term bullish movement but that seems like a trap set by beers.

i think bitcoin will not move above heavy resistance around $12900 in upcoming days, the EMA50 is currently acting a resistance, in last 2 days it has attempted atleast 3 times to cross above EMA50 , which it is trying to do again, if it succeds then again EMA200 can be next upward target,

bulls need to play with caution, BTC is not out of the woods yet, still a long way to go.

there is not gonna be sudden rally now since heavy institutional investors are involved and easy money for them is at the downside,

Yes, that's a probable scenario. IF price breaches the upper line of the triangle; then the next line is that of the flag pattern. Likely, it'll turn down and still give us the $8k to $7,700 or so.

  ·  7 years ago Reveal Comment

We are still in the down trend , but like haejin is saying we can go up and we can go down.
The history of the charts are telling what COULD happend and can change everry minute

If one is looking for TA basedon the certainty principle...it's nowhere to be found.

Nice TA as usual @haejin

Here is a screen grab of the knowledge:

Screen Shot 2018-01-27 at 2.32.19 PM.png

a snake patterne is a good sign.
Market cap needs to go up. Lets hope those wall street bankers get in BTC now or beginning of February.

The MACD cross! Let's see if this buy signal completes and confirms.

Meanwhile, should we consider this Bearish Pennant ?Screen Shot 2018-01-27 at 20.58.11.png


HERE WE GO! BUY IT NOW!

You are so prolific in your arugments against you know who! Well done!

a little premature, hope you made out ok

Im thinking this is it. Well see, thanks for the luck.

Hi @Haejin... I have been following you recently and enjoy your posts.

It saddens me to see you And @ranchorelaxo get trolled by people who have nothing better to do. If it ever bothers you, just know that the forces of evil like to enjoy beautiful things.

  ·  7 years ago (edited)Reveal Comment

OH look another retarded @berniesanders troll. Nobody is forced to upvote Haejin, nobody his forced to read his posts.

Yeah and you cant force me to stop downvoteing overvalued posts.

Thanks Haejin! I do not believe it will be repelled because all the fractal triangles inside of BTC end at D. So above so below. XVG and LTC also reflect this sentiment.

  ·  7 years ago (edited)

So the question will be: what will be the lowest and last chance to buy Bitcoin before we go more in the direction of $20,000.

Will it be around the (E) point after another big correction at $7,000 - $8,000. Or will it be after the pump in the area of $14,000 - $15,000. I really think after that it will go up big time. Probably early to mid February.

I wish it will fall

It wont, and I am almost sure the time to buy cheap could be NOW!!!

Yes, that would be a good scenario.
Do you think we should consider this Bearish Pennant ?Screen Shot 2018-01-27 at 20.58.11.png

  ·  7 years ago (edited)

Yes, more of a leading diagonol; labeled with 1,23,4,5 and not a,b,c,d,e

Thanks for taking the time to answer @haejin
Here it is with the correct labeling and the 'new' potential path....
Look forward to take the group session in February !

Screen Shot 2018-01-28 at 21.16.19.png

how come?

Hi! @haejin, I see your recent updates on steemit about bitcoin market static video..... thanks for share with us. @upvoted this post.

I re-uploaded. Video should work fine now. thx

Youtube video doesn't load!

Thanks for info! Check out my break down on BTC as well, feed back much appreciated!
https://steemit.com/btc/@swi4/bitcoin-btc-daily-update-bulls-breakout-and-next-setup-for-a-an-uptrend-continuation-charts

Hope, that's all we got left 679956.jpg

informative post thank you

I really like your art, and hope be like you. if you do not mind, please visit and advise my art blog.

i have doubt about technical analysis tool like macd which will works for bitcoin ever .

thank god bitcoin price is up today

Upvoted and Resteemed by @cryptoryno33

The Dtube video won't load and the Youtube video says it's not available.

DTube has been having issues. The YouTube one should be ok now.

Muchas gracias por compartir tus análisis

A good analyis.

So does that mean there's achance for a breakout in Bitcoin finally? Looks like it.

Thanks, awesome explanation and a solid but realistic prediction. Keep on doing that.

  ·  7 years ago (edited)

Nice article. Appreciate this . keep posting we will always support you.@haejin

It looks like we have tacked on a consolidation triangle, now heading down on the E wave. If it gets there, lets see if it holds or carries on the prior trend.
Screen Shot 2018-01-28 at 12.50.39.png

  ·  7 years ago (edited)Reveal Comment

haha nice, thats the first time I have seen this fractal, thanks for sharing. might be to early to
take any measures at this point but I will definetly keep an eye on it 😊

It amazes me that no matter how long you study the charts you always can discover something new.

No worries. Thought I should share with the community should it be a bull-trap. Trade safe!

  ·  7 years ago Reveal Comment