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BTC (BITCOIN) : Mid-Day Update: Short Term Moves Are Nothing Compared to the Upcoming Long Term Trend by hahajin

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· @hahajin ·
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BTC (BITCOIN) : Mid-Day Update: Short Term Moves Are Nothing Compared to the Upcoming Long Term Trend
**SUMMARY**

The blue arrow shows how any good Technical Analyst might call it a bounce awaiting a lower low. But even at this early stage of the bounce, not enough sellers were populated so that price had to go up. IF the e wave is complete and does NOT breach the lower bottom line decisively; then the likely next price move is expected to be upward.  The past is no guarantee of future performance, fractal impacts do linger.  

With Cryptonians are well aware of how deep retracements can be but also how quick the impulse can go vertical.
<center><img src='https://s17.postimg.org/g3tbzn2in/Screen_Shot_2018-03-06_at_11.21.02.png'></center>
***
 This type of wedge has bearish implications and usually the gudiance is that price can fall below the starting point.  Even into this upward wedge; the seller repletion just was not enough to fulfill the wedge price travel guidance.

  The breach occurred and thus far remains decisive.
<center><img src='https://s17.postimg.org/tkqaihpov/Screen_Shot_2018-03-06_at_11.20.04.png'></center>
***

**Legal Disclaimer**: This post is for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this post has been researched and is thought to be reasonable and accurate, I cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.
<center><img src="https://steemit-production-imageproxy-upload.s3.amazonaws.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV"></center><center><img src="https://steemit-production-imageproxy-web.s3.amazonaws.com/U5dt8BFauhjGURqh8Rn38guHXV9gmrZ"></center>
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