Bitcoin (BTC) Morning Update: Sequence of Patterns is Uncanny!
SUMMARY
Patterns, patterns, patterns! I had previously shared these Head & Shoulders fractals before and their repeats are uncanny! The below chart shows the fractal boxes. The arrows show the price touch points. I believe still that one more lower low would be ideal to finish off this correction.
Here is a higher resolution view of the H&S fractals. The blue outline of the perhaps last fractal of this sequnce is traced out.
The ascending wedge is combined with the smaller H&S fractal pattern. These indicate one more lower low is likely.
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hmmm right good update
What a marathon of a correction this has been! Surely it must be running out of steam soon. For all the haters this analysis is absolutely priceless to help us all stay calm, keep our minds at ease, and help us ladder in to new positions during this excellent buying opportunity.
I believe an even greater buying opportunity is coming and so people should probably not buy just yet: https://steemit.com/bitcoin/@investingtips/usd7-000-bitcoin-incoming-before-cme-futures-ends-today
I agree with you and am counting on that to happen. :)
Now heajin again changes. 3 times in 14 hrs.such a fraud.
In morning update haejin shows that bitcoin will go lower to 8500 now his prediction changes in few hours a bullish flag. Lol haejin please dont make fool more by stealing their rewards . Stand on your predictions first then publish. @salahuddin2004 mention 3 days ago there is a buy signal on bitcoin. Now if you people wise think before trust him. I know he have multiples account from which he comments here as well. Even yesterday's one @salahuddin2004 post
Other guys right about him are .
@bachone @berniesanders @spiritualmax @stanhopeofficial @rikuforsell @estream.studios @ngc @danknugs @theyeti @sonny.dharmawan @t-belema @the.bot @ozchartart @rewardpoolrape @nextgencrypto @lopa @decuration @haejinsucks @tuvokhl
In morning update haejin shows that bitcoin will go lower to 8500 now his prediction changes in few hours a bullish flag. Lol haejin please dont make fool more by stealing their rewards . Stand on your predictions first then publish. @salahuddin2004 mention 3 days ago there is a buy signal on bitcoin. Now if you people wise think before trust him. I know he have multiples account from which he comments here as well. Even yesterday's one @salahuddin2004 post
Other guys right about him are .
@bachone @berniesanders @spiritualmax @stanhopeofficial @rikuforsell @estream.studios @ngc @danknugs @theyeti @sonny.dharmawan @t-belema @the.bot @ozchartart @rewardpoolrape @nextgencrypto @lopa @decuration @haejinsucks @tuvokhl
why so salty?
What a parasite!
I can't understand what Haejin's patterns mean, but I think everyone knows what this means: https://steemit.com/bitcoin/@investingtips/this-is-the-real-bubble-not-cryptocurrency
Yeah he is pretty salty and the obvious shadow account of @salahuddin2004 or possibly his gay lover.
Not sure which.. Does show poor form though in his continual spam posting of links into another persons blog..
Also the market changes day by day, every day.. you have to continually adapt and update your analysis as new information becomes available..I do all the time in my TA.. things change during the night, during the day, new patterns emerge, and old ones invalidate themselves.. nothing wrong with making changes on the fly.
Also.. dude is certainly a winner as can be determined by him calling the bottom on BTC 11 days ago, sounding the all clear and saying correction over
here in the comments..https://steemit.com/market/@salahuddin2004/4zejn5-bitcoin-will-retest-20-k-before-30-march-2018
Accordingly he holds some $13,200 BTC, while I hold som $9987 BTC.. But hey.. he is the bomb according to @umerfuckretard.. food for thought...
@haejin love your wisdom dude, you inspire me! :D
Do you think it’s still possible for the price to breach the resistance to go to $14k first and then down to lower low? @haejin
Highly doubtful. I know Haejin charts from a purely technical perspective, but one must take into consideration the futures contracts coming due, and the most desirable timing for the price of BTC to be at its lowest. BTC/USDT on Bittrex is being held up on purpose and gradually being let down--a controlled, directed, slide downward.
I pose 2 scenarios: whales drive the btc price under 9k, but buyer's hunger for cheap btc keeps prices in that $8600-9000 range, OR the buyrs greed is used against them, and if the price can be driven below ~7800, a panic sell may occur, making prices tumble to (possible) $7k region. I see the first scenario as being more likely though.
Me being the consummate conspiracy theorist in my own TA on this site I tend to agree with you and have considered the futures impact as well as the economic summit both of which are coming at nearly the same time.. a post about the latter can be found here: https://steemit.com/cryptocurrency/@ervinneb/if-you-own-any-crypto-you-should-read-this
This gets my vote, Gregory Mannarino, "The Robin Hood Of Wall Street.", reckons all derivatives are rigged
It's such an interesting study right now with the contract ending in a few hours we get to see how connected walk street and the whales really are.
Where can I get information on the bitcoin futures? I haven't been able to find shit on them.
I thought today was the 26th lol. The contract ends at 1/26/18 at 3:45pm East Coast time. I had to search for that info it was hard to find.
I read 4:00pm London time which would be 10:00am EST. Where did you find the info? Was it somewhere on www.cmegroup.com?
I searched through CME and couldn't really find anything. Past the contracts expiring, what's the significance?
If the price of BTC rises, it should be right after the contracts expire. i.e either after 10:00am EST or 4:00pm EST
It's a US future contract so why would it be London Time? Plus wouldn't that be 9 pm est after the market is closed? Sorry I don't have a link but I did find it.
Closing with the market makes sense
You're right. I guess the info I read was incorrect. London time is currently 5 hours ahead of New York time. Thanks for the update. I the direction BTC takes is the one you're hoping for. Personally I hope it goes up to 14-15k, then down to 8k.
It’s more about breaching 11600 And hold for sometime or it will come down to 9K-ish. Looks like it didn’t hold too well at 11.6K. So it’s bound to come down in the next 2-3 days
I guess we will see what happens today if it goes to $11.6k and holds or not.
Since cryptos like taking a long time to correct, it seems that it's too soon for a final dip to 8-9k. We'll see tomorrow.
i had the same view, agree with your charts
Good call man, looks like your on the money.
One more lower low...so we can rocket off to 70000>>>>>>>>>>>>>>>
It might also go to 17-20k (which is what I believe based on fractals), then it might slowly go back down and really take off in December. Just a different scenario. I didn't do any analysis to back up the second scenario.
thank you very useful information
The Bitcoin correction theme song! Eventually it ends.... at some point in the distant future :)
ahahaha :)) cool song
will last maybe 2 week or so imo ...
@haejin (74)Thank you for the information
just yesterday I was seeing the same thing, 100% correct with the analysis.
I support my opinion is that I could continue making fractals in the low.
The first fractal calculation that could reach 9300. And the second reach the trend line.
Yesterday's BTC graphic moving in Fractals of Shoulder Head Shoulder
I like your graph and agree for the most part.
The pattern shows a deep dive after each h&s pattern so the last pattern may not appear. At least that's what I'm hoping this has been painfully slow.
My TA has come to essentially the same conclusion with different indicators and pattern analysis.. so I would agree https://steemit.com/bitcoin/@pawsdog/1-25-2017-the-market-view-and-trading-outlook