Bitcoin (BTC) Morning Update: Unless Upper Trend Line is Retaken; $8,200 Still a Target
SUMMARY
Bitcoin (BTC) had 6 down days in a row and so technically, it was due for a bounce and I believe we're seeing it. The below chart updates the subwaves of C wave and if it is to be complete, then price needs to retrake the upper white trend line stat! The vertical nature of the price move looks encouraging.
As an alternate, the below abcde triangle pattern morph could be considered and if so, the whole correction will become more complex. Bitcoin usually has not patterned out complex combinations since its early days of low liquidity.
IF the abc minor correction is complete, this longer term perspective looks bullish because what comes after wave 2? Wave 3 and it won't be lower than 1.
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Is there any possibility of BTC surpassing 20K ever again?
Update ေတြတင္ေပး႔အရမ္းေက်းဇူးတင္တယ္
I like betcoin and steemit. This is good update news about Bitcoin. It's help my work
why such a hateful post? downvote
why haejin scam so much from steemit? fuck him
scam? I wish to know what do you mean.
He is creating interesting content and thats why people follow him and vote for his posts.
at the same time you are abusing this site by following over 15k accounts hoping that some of them will follow you back.
$150-200+on every post, not his followersCould you please point me where did you read that was an abuse?. sounds like you just had to tell @thabiggdogg something back because he called @haejin a scammer. That may be your own view, i do not see nothing about that on the Blue or the Whitepaper
Pd: By the way, did you read them do you?
sublimate@crypto.piotr
this user @truthtrader is getting flagged for sharing some light on the subject, look the downvoter, is @starjuno. He does not have the decency of downvoting it himself
can you start to see the voting ring?
@sublimate
Thank you for your kind reply.
Im very new in this community and obviously Im not sure how things work here. Ive been actually reading @haejin content and I found some of his posts quite useful. He isnt my fav author but I still couldnt understand why there is so much hate in the air.
I start to realize that there is some sort of flagging war happening here and it seem to backfire on regular users a little bit to much.
@sublimate one more time thank you for your time and explanation. I really appreciate it. I noticed that you published some interesting content in the past and decided to follow you.
Cheers :)
Hello @crypto.piotr :)
I am also pretty new i joined this jan and like you i also do not know how some things work, it is a learning process
Yeah, i understand. People that are giving him flags are in disagreement with his reward earnings and some also disagree with his content.
Yes, that's right. Some people prefer to stay away in case the comments or flags backfires at them. Also some people think there is no issue to deal with.
i still need to learn more about what is and how it works, the Reward Pool. and if this account @haejin is really draining the pool.
I think the concept of the pool is that you can get upvotes (sbd's) from it but also there is a need to give others upvotes (sbd's) . i will give it a read again tonight (to the whitepaper)
Thank you for your reply!
Thx. Resteem.
For future viewers: price of bitcoin at the moment of posting is 9297.10USD
I continue to find myself in disagreement with Haejin's short term analysis. Yet, I usually get flagged for saying so, even when doing so respectfully. Let's see what happens this time?
Here's why I disagree
It is hard for me to be in disagreement with Haejin as he posts several different outcomes over the course of several days and modifies them as needed. I believe he posted an agreement with your scenario yesterday. I appreciate the differing perspectives he offers, best to be prepared.
I may have missed that. If so, my apologies to Haejin. Recently, I have found that I do my best technical analysis work when I ignore the bias of other analyst as most tend to lean bullish which gives a partial perspective and can cause important indicator overlooks.
I believe news is downstream from technical analysis, however, when traders only ever read the tech analysis of others and never do their own work, then it simply becomes another news stream.
Everyone gets flagged if they comment on his posts, not just you. So don't feel it is due to your comments. There are bots attacking his followers. When it gets bad he will post a comment that you can post under to avoid getting down voted.
Unless you are being flagged by him or down voted by him, then that's completely different.
you guys act like his stealing 100s of dollars from you personally. His not stealing anything from you, so you must be either jealous of how much he makes or mad because you blindly followed his advice and lost money.
thanks. it would be useful if he would include the current price in his TA. 1,000 is a steep move, let's hope we break resistance before testing support
you guys act like his stealing 100s of dollars from you personally. His not stealing anything from you, so you must be either jealous of how much he makes or mad because you blindly followed his advice and lost money.
hahahaha. points for originality, haven't seen that one yet
This is a great post
Please can you emphasize more on the continuous fall in bitcoin?
Another great post. Thx buddy. Im quite new on steemit and so far you are one of my favourite content creator here. I follow and upvoted. Please continue with writting such an usefull posts.
Price formed a double bottom at $8400 which also means the downward momentum has subsided. The buyers are trying to hold off the sellers. Price is trying to absorb all the sell orders at $9350. If the buyers can take out the sellers at $9350, the next stack of sell orders is at $10000.
Nice to know