SUMMARY
Bitcoin (BTC) is still within the symmetrical trianlge and given the recent three points of higher lows, the breakout is likely be to the upside rather than a crash decline.
On a wider scoped perspective, the correction could be entering the sideways stage or the basin phase. The blue arrow is contouring a rounded price formation that would rally into July after a period of lateral price movement.
The long term support line (blue) needs to hold. Given how much the seller strength has been sapped, a sizable rally is more likely than a crash scenario. Keep an eye on the MACD because once it breaks upward; price won't be putting in lower lows anymore.
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thanks for sharing Haejin! I agree with you and will try to buy some...
Speaking of sharing, I thought Haejin a few weeks ago said he had a big surprise to share with everyone - to be coming out in a few weeks. Well, it's been a few weeks...I bet he's finally going to tell us about how he's not really a human, but how he's a camel in a human costume with an asian accent. Can't wait to say I told you so.
Positive signs
Why everyday its different? now its july rally i do not understand your analyse, up breakout lower low what up down lower low you are on magic mushrooms i think.
i think you need to study a little bit first...
Thank you master!
It‘s all positve now... and all bad news already in... If I had free money I would go long now.
If I had free money I'd be buying food and paying my rent with no stress.
I declare I do believe I see what you've done there, good sir.
so it‘s no free money - that‘s mostely the problem...
Thank you for the update. Always upvoted and resteemed. https://steemit.com/bitcoin/@charliek/experiences-of-a-noobie-crypto-trader-the-beginning
I hope the blue arrow turns into a happy face. Thanks for the charts!
Great analysis, very complete and informative! the world of cryptocurrencies are always changing and innovating
That would be great
The first large 40% bounce is going to be sold. First bottom is very rarely THE BOTTOM
So we have to wait for BTC to get an erection ? :)
Let's wait...
yes. yes. yes. it's a basic crypto rule that every correction leads to an erection. The law of the land. Write it down and don't forget it.
Many thanks for your update.
But isn’t a triangle mostly seen as a typical continuation pattern and therefore most probably a sign for a further correction down?
This is all a major correction for all crypto coins. 2017 was a booming year..needs to find bottom in 2018... will be the year of corrections
Hi @haejin
Excellent article. I subscribed to your blog.
I will be grateful if you subscribe to my blog @dreladred
Good luck to you!
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The TRANSACTIONALITY of bitcoin will cause the price to go down, despite what the mainstream media is telling you, check out Dogecoin to understand why...
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