create account

Bitcoin (BTCUSD); Don't jump the gun... by technicaltrader

View this thread on: hive.blogpeakd.comecency.com
· @technicaltrader ·
$0.05
Bitcoin (BTCUSD); Don't jump the gun...
![](https://cdn.steemitimages.com/DQmdWYo25BptPrNQtq3qRLiy7RPKCk8VUB83BVyvEgfMf1z/image.png)

I'm seeing a number of posts calling for Bitcoin to start a new bull market almost immediately. Whilst I agree that Bitcoin is approaching an inflection point and we should see a strong directional move fairly soon, it's important to remember that price, can at all times, move in any direction.

The hourly chart above shows nothing more than sideways, choppy price action that continues to coil. Volume has steadily decreased since the February lows so an increase in either buying OR selling could quite easily move price at this point in time.  Once the break occurs, that should be accompanied by an increase in volume which will then give us the signal as to which way the next move will occur.

Check out this post for a road map as to the target prices that will be in play once and only once, price has confirmed which direction it is going next.

https://steemit.com/cryptocurrency/@technicaltrader/bitcoin-btcusd-the-only-pattern-that-matters-right-now
👍  ,
properties (23)
authortechnicaltrader
permlinkbitcoin-btcusd-don-t-jump-the-gun
categorycryptocurrency
json_metadata{"tags":["cryptocurrency","bitcoin","trading","money","investing"],"image":["https://cdn.steemitimages.com/DQmdWYo25BptPrNQtq3qRLiy7RPKCk8VUB83BVyvEgfMf1z/image.png"],"links":["https://steemit.com/cryptocurrency/@technicaltrader/bitcoin-btcusd-the-only-pattern-that-matters-right-now"],"app":"steemit/0.1","format":"markdown"}
created2018-10-07 12:36:45
last_update2018-10-07 12:36:45
depth0
children1
last_payout2018-10-14 12:36:45
cashout_time1969-12-31 23:59:59
total_payout_value0.035 HBD
curator_payout_value0.011 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,057
author_reputation72,595,468,198
root_title"Bitcoin (BTCUSD); Don't jump the gun..."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id72,801,878
net_rshares31,136,541,780
author_curate_reward""
vote details (2)
@steemitboard ·
Congratulations @technicaltrader! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x70/http://steemitboard.com/notifications/postallweek.png)](http://steemitboard.com/@technicaltrader) You published a post every day of the week

<sub>_Click on the badge to view your Board of Honor._</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Do not miss the last post from @steemitboard:**
<table><tr><td><a href="https://steemit.com/spanish/@steemitboard/presentamos-el-ranking-de-steemitboard"><img src="https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmfRVpHQhLDhnjDtqck8GPv9NPvNKPfMsDaAFDE1D9Er2Z/header_ranking.png"></a></td><td><a href="https://steemit.com/spanish/@steemitboard/presentamos-el-ranking-de-steemitboard">Presentamos el Ranking de SteemitBoard</a></td></tr><tr><td><a href="https://steemit.com/steemitboard/@steemitboard/introducing-steemitboard-ranking"><img src="https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmfRVpHQhLDhnjDtqck8GPv9NPvNKPfMsDaAFDE1D9Er2Z/header_ranking.png"></a></td><td><a href="https://steemit.com/steemitboard/@steemitboard/introducing-steemitboard-ranking">Introducing SteemitBoard Ranking</a></td></tr></table>

> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
properties (22)
authorsteemitboard
permlinksteemitboard-notify-technicaltrader-20181008t131135000z
categorycryptocurrency
json_metadata{"image":["https://steemitboard.com/img/notify.png"]}
created2018-10-08 13:11:33
last_update2018-10-08 13:11:33
depth1
children0
last_payout2018-10-15 13:11:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,556
author_reputation38,975,615,169,260
root_title"Bitcoin (BTCUSD); Don't jump the gun..."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id72,872,456
net_rshares0