Bitcoin (BTC) Mid-Day Update: A Discussion on Fractals

in #bitcoin7 years ago

SUMMARY

I wanted to further detail Bitcoin's (BTC) wedge fractals that have been shown in earlier posts. The white box cointains the correction from the $20k top to $5,900 which temorarily poked through the bottom triangle line. The blue box contains the smaller fractal and the blue abcde markings show the same potential for price temporarily poke through the bottom support line of the triangle. The final subwave blue e is likely still in the works and could generate the bull wick event through blue wave 5 of c of e.

The longer term symmetrical pattern is still maintaining blue c wave to complete at around the 20th. That would provide the onset of blue wave d and the final e which would extend towards the early/mid zone of April. These time projections will need a degree of variance but regardless, the closer to the Apex the better for a trend reversal priming.

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Some people are saying the way bitcoin is performing right now,only a miracle can save bitcoin now but I don't think that is the case.
It is very normal for bitcoin to do this kind of stuff and show behaviour. Just HODL and relax. It will go up and if it doesn't and in the worst scanerio it crashes like crazy and one bitcoin becomes equal to a penny then I guess You have a good story to tell your grandchildren that you were part of it.

Those people are creating FUD to be able BTFD.

Just ask one simple question - if Bitcoin is dead, then why the richest guys are investing billions in infrastructure to support it?

We are still in the correction phase, after such a huge gain in 2017, i believe 2018 will be way different that last year. I wouldn' t be supprised if bitcoin reach 4k USD - thats the level when i will buy it.
'Trend is your friend' - thats the good advise for now.

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When moon?????

Good my friend

Bitcoin has really took a plung! Is it hitting bottom?

I am following you, I like your post,
your post is very interesting, please help upvote for my blog @chukwudbem thank you

Just remember that at the end of December everyone was rubbing their hands together, thinking I'm going to be rich right before the big drop. Now everyone's wringing their hands together thinking it's over right before the rise.
To quote Haejin the market takes wealth from the impatient and transfers to the patient.

Are you a writer of your own thoughts different from possibility? thanks heijan

Thank you!

Good to hear that the correction might be over .Very bothersome

Thanks for your good information

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Hello!
Advertise your project's website on https://cryptopiece.com/

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thank you for share steemit and youtube @haejin

Las esperanzas son las últimas que se pierden! no se desanimen!

it will be very nice

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Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency.
so i wanna talk - bitcoin must be grow any time.thanks for information

Are bitcoin and the other crypto currencies on the verge of the demise?

post you good ,, do not forget to stop in my posting @abrarleo

thanks for your impormation of good work

Whales are waiting for Bitcoin price to be less volatile. That will be achieved when more small investors get in. Some whale may get desperate and push the price right away. By mid April Bitcoin price has three different Price prediction $7,000 OR $13,000 OR 22,000K. In 10 days you will get to know which path it may take.

Im a bitcoin user too
Thanks for sharing this
I believe no matter how many fud may come bitcoin is still #1 & we are all waiting for it's new all time high

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Bitcoin is in decisive hours, not leaving space for other alcoins

If you want to read the analysis and comment

Objective:

  • Lower Low 6,500 Dollars
  • Bullish 10,000 Dollars

I want to use this Steem channel to contribute ideas and debate them among all, but it seems to be only a one-way channel if the ideas and contributions of others are not supported by the votes.
Giving your positive vote costs nothing and helps others grow.

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