Bitcoin (BTC) Evening Update: Wave 3 of 3 FIREWORKS!!!

in #bitcoin7 years ago

SUMMARY

And Bitcoin (BTC) has DECISIVELY breached the upper trend line!! This is EXACTLY what was needed to generate the onset of the next set of impulse waves UP! The $11,011 was easily met and surpassed. The $11,133 should also represent an easy target. The wave 3 of 3 FIREWORKS is just getting started.

Here is the revised Bullish Inverted Head & Shoulders pattern. Once price exceeds $11,559; the Right Shoulder can be considered complete. Once price stays above that price and starts climbing higher, the pattern would be considered confirmed! The next targets after that would be $12,306 for wave 3 and $13,157 for wave 5. Today was a VERY IMPRESSIVE price rally day!

IF the minimum price move for this Bullish Inverted Head & Shoulders (BIHS) is reached, that would be at $17,655!! After that would be All Time New Highs.

And so, a new Bull Trend starts with a breakout!!

On the Big Picture perspecitve, wave 2 at a Cycle Degree of Trend has ended. A new round of seismic, orgasmic bull lunges upwards is not too far away.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.

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17,655 would be fireworks indeed

A rising bitcoin will be good for all the altcoins.

72K :O)

Looks like the bottom is in and we may be heading for new highs.

Phil recommends following @haejin as well. Phil is a day trader @haejin is not. Both are good at what they do.

Bit Coin will surely hit 100 K in 3 years Mark my words :)

Congratulations @haejin, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 34 and the total pending payments to posts in these categories was $1970.35. To see the full list of highest paid posts across all accounts categories, click here.

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Thanks for sharing your analysis , BTW would u suggest to convert usdt to BTC at current level ?

12k.....14k.....17k....?

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