Bitcoin (BTC) Morning Update: Time Could be Running Out for the Sellers
SUMMARY
Bitcoin (BTC) remains above the long term support line. Yesterday say a mutli price bar dip below it; but a surging green bar took prices back above the support. The below chart shows a white arrow line that outlines a potential multi support piercing; almost as a needle and a thread to sow up the tear on the support! The MACD had touched the lower yellow support line and has started rising towards the upper yellow resistance. The apex for both price and MACD are both fast approaching. What does this mean? It means that the Sellers are running out of time! They need to give all they've got to bring Bitcoin to a lower low on a daily scale and yet, they have two problems: Declining seller population and much narrower MACD mobility. There just may not be enough sellers to destroy Bitcoin's price. The MACD has been obeying the contracting yellow lines since December and currently, the vertical mobility is extremely limited and that means price mobility is also very limited. The MACD has been making higher lows while price has been making lower lows; a positive divergence that goes against the Sellers' efforts.
The W bottoming process is still preferring the white pathway as the long term support has held up pretty well, so far. The MACD also confirms that a resolution of direction is fast approaching.
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Thoughts on xvg/btc? I keep seeing a C wave still but the cup and handle make it a tricky correction. Thanks!
Here is the XVG/BTC analysis. Please use only to augment your due diligence.
https://steemit.com/verge/@haejin/verge-xvg-btc-breakout-in-progress
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Will do later today!
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Make sure you downvote all of @Haejin's scammy post!!!
https://steemit.com/bitcoin/@goldmine2018/verge-will-moon-through-huge-partnership-with-tokenpay
This a mafia and worse speculators ever currency . I will never put money in it again
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Good luck on getting a reply. He's too busy counting his money :) There are others who will appreciate your vote more
He doesn't care about anyone's vote besides his whale account friends that are scamming the platform. He can literally post a video about nothing, and almost instantly his friends come along to upvote him and flag anyone who posts anything even remotely negative. Heck you are probably going to get flagged for your comment.
As for XVG - announcement coming in 2 weeks, will likely cause a surge in price depending on what the big partnership is
I guess his posts do contain some real content, even if it's of no interest to me. It's a shame he chooses to not support anyone else. Why vote for someone who doesn't care about your votes? There are others more deserving. I guess people hope for some curation rewards.
I'll take the risk on getting flagged. I just won't get into the personal attacks some people do.
The issue isn't his content. I do not agree with most of it lately but regardless he can create whatever content he wants. Some people find it helpful and that is great, it is what this platform is about. I actually supported him before all the upvote junk came about and he was getting his justified payouts of $20-50 (what all the other TA "experts" are getting).
My point about him posting "a video about nothing" wasn't because the video had no content, it was more due to the fact he receives hundreds of dollars in payouts from himself and the same two whales within 1 minute of posting a 20 minute video. So he is making more than pretty much everyone on here without his content even being viewed. That is a joke and abusing the system. The rest of the people voting on here give him the extra $20-50 that is deserved.
Most people on here call everyone who is against it and who flag him a hater, yet they fail to see how bad this is for the platform and how it could possibly limit how well this platform is adopted. It will also limit new and current content creators from using this platform as why would they put hours/days/weeks into a project when you have someone putting 5 minutes of TA together and taking most of the reward pool through abusing the system.
Heck most of the good TA people that were on here already left to twitter and they do better TA and live stream several hours a day. They are completely open and honest about their trading and are engaged with their viewers rather than flagging them to death for disagreeing.
I was actually planning on putting a good chunk of money into this platform because I used to believe in it, but it is becoming quite clear that this platform isn't going anywhere the way it is now
Seems he and his fans can't abide any criticism of what he does. I want to see people get rewarded here, but the system allows for this sort of greed. Not sure what we can do about it without losing the freedom most crave. I'd complain less if he ever gave something back. He can afford to.
Yeah tell me about it. My rep is now at 7, starjuno just went and flagged every post i wrote the last week. This is getting ridiculous.
I have been flagged for telling people to look deeper into coins like bit connect, because they well known as scam coins = flagged. BERN coin has no acitivity, no dev team, no forum posts in 6 months, and just telling people that it may not be worth the risk = flagged. He responds "well people said the same thing about SPR and look how that turned out" = he gets 2 votes from his whale friends for $35. I comment he said the same SPR quote in Bitconnect post and look how that turned out = flagged and rep down 25.
I am honestly tempted to throw money in just to knock him down a peg or two.
starjuno seems like a big fan :) Oh look where his delegation comes from!
Unfortunately it would take really serious money to dent what he does. Also, he's not the only one plundering the system. At least he's open about it. Others give themselves massive votes on junk comments. That won't show up on trending. It would only need a few whales to cooperate and deal with it.
The truth is, Bitcoin is being manipulated. No one knows the direction it'll take. Technical Analysis is almost impossible to perform accurately under these market conditions. It won't be until we have clear regulation and tax laws, specifically for cryptocurrency, that we can start to somewhat accurately predict Bitcoin's future.
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I think it's pretty clear that the majority of the public got fucked (as they always do) so expect them to be looking to sell in the intermediate term at least....and if the overal market goes down expect bitcoin to go sideways at best which is what I am hoping for.
The expected rally could be a wave B up and so the C down could hurt many more in July.
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That is what I am thinking....this bottom will take a while (a while in Crypto world is like 6 months though lol)
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Btc got above $7k today. We all are hoping ut gets even higher with eth following up. I also heard some Russian hotels will accept btc during the sport event in Russia.
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I think this new and the implementation will bring a boost to the price of btc.
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Here is why we got above $7k today.
https://steemit.com/bitcoin/@goldmine2018/bitcoin-and-many-other-coins-3-5-up-who-was-responsible
Very good BTC analysis: http://cryptosrocket.com/btc/2018/03/29/lets-see-the-big-picture-and-whats-next
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I believe the support line was not breached at all. I just can see slightly different one
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upvoting and following you
cool info something to think about
GOOD POST FOOD FOR THOUGHT
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Come to my blog and check out my opinions! Let's think about various possibilities.
https://steemit.com/bitcoin/@goyapro/bitcoin-btc-update-uptrend-cycle-started