Bitcoin (BTC) Evening Update: Could Fractal #4 be Complete?

haejin (88)in #bitcoin • 7 years ago

SUMMARY

Early in the week, I had shown the below chart forecasting a potential Fractal #4 of Bitcoin (BTC) price action. The MACD still looks very coiled and ready to support an upcoming breakout.

The below chart of Bitcoin (BTC) shows the fourth fractals pretty complete. Each is a wedge and each signfiicantly decrease in size. Fractal #4 is VERY small but quite noticeable with a bull wick formation. Could this fourth fractal be complete? IF price can breach the upper small white line of Fractal #4 and re-enter the large blue symmetrical triangle; then it would confirm.

A closeup shows that price has jumped up a bit and let's see if the weekend could provide that badly needed upward breach.

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7 years ago in #bitcoin by haejin (88)

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sstf11 (59) 7 years ago

Thanx for this articl and information

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1 vote

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danpaulson (62) 7 years ago

I've just realised that the spammers and (spam)memers are gone!
Now all I need is a bull run and life will be near perfect!

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2 votes

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icomment (50) 7 years ago (edited)

That is the thing about negative energy, @danpaulson. Its steam finally runs out.

But of course it is the only reasonable thing to do. I am glad they have done it. It leaves room for better days.

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1 vote

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smarmy (45) 7 years ago

I'm hoping we are near the end of this bear.

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4 votes

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aishpandey (25) 7 years ago

Sir it is nice blog which can guide the person who are new in this platform for understanding and tredding in cryptocurrency.

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official-yankee (38) 7 years ago (edited)

Thanks again for posting your analysis on BTC.
Glad to hear that each fractal is decreasing in size. I hope we can see another rise like last September.

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1 vote

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farhan12 (43) 7 years ago

I just forgot bitcoin for one month

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2 votes

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farhan12 (43) 7 years ago

Yes dude just watch and see

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h00pla85 (-2)(1) 7 years ago

Yeah i forgot about it since early/mid january and had alerts at 6k to buy back in

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trmnl-cmdr (32) 7 years ago

2 if you were lucky. I moved on to other hobbies for a few weeks as well

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taurus007 (38) 7 years ago

Thats nice post @haejin regarding bitcoin market analysis, i know that; you know better than me but i think bitcoin can dived and reach up to the high level.
I resteem this post.