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RE: Bitcoin (BTC) Morning Update: Probable Patterns

in #bitcoin7 years ago (edited)

I need help and Your oppinion @haejin @solisrex

I laddered out too hastily from XVG thinking we're at at end of D in ABCDE triangle. Already laddered in on wave E that could take a month or so.

As You can see top of triangle was breached quite decisively. Is there any TA way to discern whether it's still ABCDE or maybe it was ABC and the train just moved along?

On the other hand, big trend in BTC-USD looks like it's the end of extremely extended 5th wave, right? So the big correction should happen, that could coincide with E wave in symmetrical triangle on BTC pair?

What worries me is that triangle was breached, no by pennies, but quite decisively.

I'd greatly appreciate Your thoughts.

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Omg need to stop looking - 15 minutes went by and price is above 170 SAT now :P Hurts a bit, can't say it doesn't.

[EDIT] literally 15 minutes later - price 184 SAT. Incredible.

[EDIT] another 1,5 hours and we breached 190. Unstoppable!

[EDIT] 3 hours from initial post - 205. FOMO is easier than KTYMO (Know That You Missed Out).

[EDIT] Just to document - 5 minutes later, 215.

[EDIT] Another 5 minutes - 235.

hahahhahaahha

Believe me, it was like selling a horse one day, because it's tired. You see first traces of foam getting from horse's mouth, You think it's gonna drop soon, so You sell it. Since it was super fast, You get good price. Secretly You're laughing at buyer "Jerk didn't see foam in horse's mouth"!

Next day You see the same horse winning Kentucky Derby leaving competition faaaar behind and it's clear then that the foam wasn't meaning he's tired, but... BATSHIT CRAZY and super fast at the same time.

New owner looks down at You circled by beautiful girls, with custom made swiss watch.

Then You start foaming from Your mouth.

That's me this day. :-DDDD