BTC MidDay Update: What can the Bullish MACD do?

haejin (88) 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:

▶️ DTube
▶️ IPFS

btc bitcoin cryptocurrency blockchain dtube

7 years ago by haejin (88)

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runicar (72) · 7 years ago

Let's hope it turns out to be true.

tuvokhl (57) · 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.

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investingtips (3) · 7 years ago

Will this turn out to have been a bubble? https://steemit.com/bitcoin/@investingtips/this-is-the-real-bubble-not-cryptocurrency

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dominikk95 (31) · 7 years ago

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.

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nikethemutt (53) · 7 years ago

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

barsic (42) · 7 years ago

this is it? what?

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ajai (46) · 7 years ago

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,

haejin (88) · 7 years ago

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.

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ajai (46) · 7 years ago

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charlie-jay (25) · 7 years ago

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

haejin (88) · 7 years ago

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

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tokyoin (49) · 7 years ago

Nice TA as usual @haejin

Here is a screen grab of the knowledge:

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

johndogett (55) · 7 years ago (edited)

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.

haejin (88) · 7 years ago

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

zackrosh (41) · 7 years ago

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

theprintuplist (39) · 7 years ago

HERE WE GO! BUY IT NOW!

haejin (88) · 7 years ago

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

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trmnl-cmdr (32) · 7 years ago

a little premature, hope you made out ok

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theprintuplist (39) · 7 years ago

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

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hakeemshah96 (50) · 7 years ago

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.

minnowboosted (0) · 7 years ago (edited)

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mifhein (40) · 7 years ago

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

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tuvokhl (57) · 7 years ago

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

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guntotnhippie (41) · 7 years ago

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.

puud (32) · 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.

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joethebig1 (25) · 7 years ago

I wish it will fall

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crypthor.net (23) · 7 years ago (edited)

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

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zackrosh (41) · 7 years ago

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

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haejin (88) · 7 years ago (edited)

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

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zackrosh (41) · 7 years ago

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

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justinxramos (25) · 7 years ago

how come?

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khanrony (52) · 7 years ago

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

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haejin (88) · 7 years ago

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

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jason7282 (61) · 7 years ago

Youtube video doesn't load!

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swi4 (30) · 7 years ago

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

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jotham (25) · 7 years ago

Hope, that's all we got left

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haniaking (39) · 7 years ago

informative post thank you

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koushikbiswas (16) · 7 years ago

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

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pagol (25) · 7 years ago

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

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zafaralise (55) · 7 years ago

thank god bitcoin price is up today

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cryptoryno33 (34) · 7 years ago

Upvoted and Resteemed by @cryptoryno33

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morseke1 (49) · 7 years ago

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

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haejin (88) · 7 years ago

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

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alejandrofa (25) · 7 years ago

Muchas gracias por compartir tus análisis

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burcindemir (51) · 7 years ago

A good analyis.

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roji.abraham (52) · 7 years ago

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

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dominikk95 (31) · 7 years ago

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

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erit2018 (43) · 7 years ago (edited)

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erit2018 (43) · 7 years ago

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jayed007 (49) · 7 years ago

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

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headonpike (25) · 7 years ago

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

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tanuki (25) · 7 years ago (edited)

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barsic (42) · 7 years ago

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.

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tanuki (25) · 7 years ago

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

ajkapss (48) · 7 years ago

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