Bitcoin (BTC) Evening Update: Overnight Likely to Initiate Travel Towards 0.618 Fibonacci Level
SUMMARY
It's late and I'm tired but Bitcoin never sleeps! If Bitcoin (BTC) is putting in the final waves of the C of ABC, then the current microwaves seem a bit overlapping which is usually not the attribute of an impulse motive. The below chart shows the ensuing zigzag and the $8,200 target could be an attraction point during the overnight price action. However, if price can surpass $9,493; then it would mark the retake of the upper trend line.
It would be ideal if price could retake the upper white trend line; however, the microwaves would count better if there was a hit to the 0.618 Fibonacci target of $8,200. Is that an absolute requirment? No, not at all. However, the longer price stays submerged below the upper trend line, the less favorable the bullish scenario becomes. Let's see if the overnight price can support a bullish outcome.
Just a moment ago, bitcoin crossed 9500, so where above it can go now?
What is your prediction of bitcoin touching $15k again?
Thanks, very good post !!!!
Awesome Work!
Keep it up!!!
@cryptoinvestinfo
What is your favorite Hardware Wallet?
What do your referral link have to do with this post?
BTC going global low orbit :)
I think it's a bit early to talk about reaching 15k since we still have to break 12k first.
You are one dumb prick.
lol you compare Coinigy graph to Coinmarketcap charts, so dumb and funny. And secondly Haejin constantly explain a lot on Eliott waves in all his videos, but you probably have some trouble unsestanding things...
You are an idiot.
@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.
are we going up considering 9400 USD?
Totally agree, price needs to get pass $9350, than $10000 to get to my 1st target of $10500.
Yes dude i also think that
Passed!
Your comments make no sense. Two points to get past to get to your first target. Please never give me directions to your house, I'll be phucked for sure
Price found buyers at $8400. If price is going to move up, price needs to take out the sell orders at orders at $9300 and $10000 first...the rule of two (in this case absorb one stack of sell orders, price is range bound, absorb another stack of sell orders, confirmation that the trend has changed). My short term target is $10500 because not only are there sell orders there, but that was level at which price took out buy orders at $10200 and $9400 (pink rectangle). My 2nd target is daily supply level, which is the original origin of the leg down to daily demand level of $8400. Does that make sense, hopefully those direction will get you my house?
Nice prediction! I think we must go to 11K
I am doing a little bit of research, can i get a %100 upvote to see how much your upvote is worth please?
Lol i just thought of that, not trying to be disrespectful or beg just thought it was funny thing to say.
Mr.@haejin
This is really the present microwaves appear a bit covering which is normally not the characteristic of a motivation thought process of
Initiate Travel Towards 0.618 Fibonacci Level is little bit good.
Nice update. Thanks for sharing @haejin
I like your potential, sir.
I think, bitcoin is more than the number which is fluctuating. It is our Future of finance.
Hmm today btc looks stable i think dont moves today 😢😢
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