Bitcoin koers calculator
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Bitcoin BTC has gone lower overnight Let me take you through some reason and charts as to why. The below shows the current wedge being nearly complete. Price has pierced the lower line of the wedge pattern and that is a good setup for it to return quickly back into the wedge boundary to form a bull wick. Let's see what happens today. Here is a larger symmetrical triangle blue pregnant with triplets!
The sequence of three wedge formations is actually quite bullish and even more when it's embodied by a larger pattern. The first wedge was sizable and it represented the full brunt of selling power. The second wedge was another attempt by sellers to achieve a lower low and failed. And the current, third, wedge is yet another attempt by sellers to take Bitcoin down but its effort is a pittance compared to their first try.
What does this means? The selling pressure is deflating. This pattern, rationale and expectation holds as long as the lower long term support line holds blue line.
Thus far, it has held quite well. The bull flag pattern is still valid and price touch of the long term support line could provide the completion of this pattern. IF the first long term support breaks, then the second support will be the fall back zone.
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.
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. Please consider reviewing these Tutorials on: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!! Follow me on StockTwits for UpDates!! For more information, read this post: Your support is welcome! Thanks a lot for this amazing explanation. The chart showed here is little bit confusing here to take the greater position. I think it's the smart investors and people who is trying to get into the market.
Bitcoin values' continuing 'trough' and 'crest' behavior is causing all sorts of anxiety. But as you so aptly say, there is still no need to panic. The Sellers are in control now You are the light in the darkness. Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours.
You received an upvote from ranchorelaxo valued at Congratulations haejin , this post is the third most rewarded post based on pending payouts in the last 12 hours written by a Superhero or Legend account holder accounts hold greater than Mega Vests.
To see the full list of highest paid posts across all accounts categories, click here. Going by recognizing the patterns off your tutorials has helped a lot, and I enjoy testing myself to your videos. It's disgraceful the way you keep leading everyone astray. I do have a positive long-term outlook and will continue to 'fill my bags' during this time I don't know about all you guys but my wallet and portfolio aren't lookin' too sexy!
Pregnant with a Triplet! Authors get paid when people like you upvote their post. It's amazing how history repeats itself. I am like bitcoin is playing hide and seek with us lol I am really sad for my those friend who bought it at 17k: It should be well on its way up sooner than later.
I'm ready for both - to the moon or down to the ground. Can you update Electroneum please. I'm also working on this currency.. Thank you for your analysis. I enjoy it everyday. Can you update your analysis on SALT? NOt good at all. This gives some much needed hope for hodling. Give me the opportunity to do good work by voting I appreciate your comment.
My work is only to be used to help augment one's own due diligence. If you do not wish to receive these messages in future, reply with the word "stop". If you do not wish to receive these messages in future, please reply stop to this comment. Price suppression going on plain and simple.