Bitcoin (BTC) Evening Update: Overnight Target $7,542
SUMMARY
It's always pretty cool when you see price take the pathway as captured by your forward discernment. Bitcoin (BTC) is completing a consolidation pattern via an a,b,c,d,e trianglel. The chart below displays that waves a,b,c and d are complete per my mid-day update and now price is well into completing the e wave.
I believe that overnight, price could easily breach out and above this triangle pattern and start putting in the impulse waves of white wave 1 of circled white v of circled blue 5 of white iii. Thus, we could see $7,542 during overnight price action.
The below chart is that of the MACD indicator at daily scale. A higher high has been attained and this is bullish. I believe it is probable that MACD will touch the upper mauroon colored trend line. It is from current level to that target which will boost support the higher prices.
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BTS Wallet - d2e60e9856c36f34
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
thnx for the insight. I hope the Alts wont take a beating again. Do you think that CVC has formed the same bullish wick that you have marked for Steem?!
it seems many altcoins are experiencing a bullish wick - just oversold... waiting to pop
damn guys..if this does happen we just got in at just the right moment (depending on what date you started) Every article i read, and every hedge fund or investor that has a lot of contacts with wall street are saying that we are truly lucky to be in a market before Wall Street has touched it..it is literally a chance of a lifetime..no other market has ever gave the little guy the chance to do this..im humbly grateful to have the chance..and plus to see so many awesome people on this site...cheers everyone..but be vigilante...thanks haejin
amen!
I needed this laugh!
Haejin what happens after V ?abc major correction to iv area?
same as you discussed before? anything change ?
thx
i hope it's a major correction but instead of the money going out of crypto, will go to the alts instead!
Hopefully this would happen and end the reign of BTC. I've been telling that more people getting into Bitcoin will realize its flaws and get into alt-coins. ETH might be the one to really lead the death of BTC. ETH is huge. It has faced a lot of resistance despite all the great things happening around it. Many ETH based projects also have major developments coming up.
Dash and NEM also have some really great stuff coming. COMSA ICO based on NEM recently raised $86 millions. Correction may actually happen because of all the improvements and botled up interest in other blockchain projects.
Hopefully people will give up blogger and other writing sites and get onto steemit soon enough. That would make us reach new ATH for steemit.
exactly the way I see it. People won't flee cryptos, they'll sell BTC / B2X and invest in what they see as low priced alternatives and opportunities to reinject their new BTC gains, namely ETH, Ripple, and so on.
That's actually some kind of a "gained some? Get more" mentality that applies. Casino never loses, in spite of this not being due to any sort of randomness at all!
I hope for complete crash everything crypto,
if you like your alts now they will look better at 50% off.
i hope not. it may take a while to recover, it may go sideways for a year
yeah that's true, but will give you that much time to accumulate
once we hit top shortly
then possible bear market- lets see
goodluck either way .!
thanks Haejin! Is that correct you referred to yesterday giving the ascending triangle still probable?
hey Haejin... whats B2X? its on HITBTC and i think its called a "future" but I have no experience with futures.
All I know is it cools pretty volatile right??
I mean it was at a low of 1K and 1 hour later it hit a high of 1300... thats very very good in my opinion....
Do you have any analysis on this?
That sounds like it’s futures on the new coin that will be issued at the Segwit2x Hard Fork. It’s only in futures as it doesn’t exist yet and won’t till approx 16th Nov!
Hello Haejin, and Wow! You are really nailing it with accurate analysis time after time! How do you choose the currencies that you report on, when there are so many? Would love to hear your thoughts on Qtum.
Most are requested through comments or I'll select based on MASSIVE profit potentia.
I'll post Qtum later today.l
Thank you!
Hello Haejin, this is my count for the BCH. The wave 3 has just finished 3rd subwave. I would like you to confirm if I'm on the right track.
Thanks in advance, looking to hear from you!!
You are amazing man! I am really learning a lot from your analysis.Just had a question: how do you determine the price objective/target of each subwave?