Bitcoin is in a struggle with the $8000 level. This week we fell to $6012 and then all the way up to $9067 on Bitstamp. Today we are back at $8009 up from $7826.
But look, we were at $7775 two days ago. And before that we turned at $8599 on Bitstamp. Does this look like a Head and Shoulder forming? If it is, we will go back to $8599-ish and then come all the way down again to below $7775. Ono! Hope I am wrong.
Look if you can see it on the chart from Bitcointicker.co below:
Here is Dan at the Chart Guys discussing the Head and Shoulder forming and his definition of a higher low.
Head and Shoulder pic from Wikipedia.org:
Source: https://en.wikipedia.org/wiki/Head_and_shoulders_(chart_pattern)
QUESTION: What do you think of the current bitcoin chart? Do you think there is a Head and Shoulders pattern forming?
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I thought that we had already formed a reverse H&S formation, which lead to the recent uptick in price. I assume we are currently in a small trend reversal. Maybe the 8K mark is going to be the next stop in this trend before we see any good days.
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Wow, I did not see that @georgeargyrousis. Very interesting.
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I will follow you and hope you follow me too so we can support each other and vote up
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I think another leg down is probable. But it could bounce at $7xxx already if the bears have already wasted their ammo in the last leg down. Anyway, this volatility is great for traders.
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Thank you so much for giving this useful information in the form of giving link. I was looking for information about cryptocurrency.You don't believe that how much you are useful for us because you are giving us cryptocurrency news every day. I love the way you are sharing your knowledge with us.
That's why I'm coming on your profile again and again. Keep sharing such news with us. :)
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Thank you for infomation
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Thousands Infected!!! - New Monero-Mining Malware Targets Android Devices!
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Interesting article! Checkout @cryptobroye for more bitcoin info and analysis. Im sure there's a lot we can learn from each other!
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17.99% @pushup from @colinbrazendale
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You got a 8.70% upvote from @bearwards courtesy of @colinbrazendale!
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Wow greate article!
You just got a 12.69% upvote from @postdoctor!
Thanks for using the @postdoctor service!
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You got a 27.00% upvote from @nado.bot courtesy of @colinbrazendale!
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Thank you colinbrazendale for making a transfer to me for an upvote of 6.65% on this post!
Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem!
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You got a 20.25% upvote from @redlambo courtesy of @colinbrazendale! Make sure to use tag #redlambo to be considered for the curation post!
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This post has received a 15.20 % upvote from @getboost thanks to: @colinbrazendale.
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This post has received a 26.26% upvote from @lovejuice thanks to @colinbrazendale. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.
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This post has received a 7.27 % upvote from @booster thanks to: @colinbrazendale.
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You got a 9.94% upvote from @luckyvotes courtesy of @colinbrazendale!
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You got a 8.79% upvote from @allaz courtesy of @colinbrazendale!
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You got a 15.15% upvote from @bid4joy courtesy of @colinbrazendale!
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You got a 2.13% upvote from @postpromoter courtesy of @colinbrazendale!
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Thank you .. this info is very helpful..@colinbrazendale
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This post has received a 27.78 % upvote from @chronocrypto thanks to: @colinbrazendale.
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Reminds me of this
¯\_(ツ)_/¯
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After hitting 4 hr supply we have our 1st lower low in 5 trading days. Price is sitting between 4 hr supply and 4 hr demand. If we break the 4 hr demand, we could see a re-test to $6000. Otherwise, price will move to the daily supply at $10000.
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This post has received a 9.57% UpGoat from @shares. Send at least 0.1 SBD to @shares with a post link in the memo field.
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Time is the key. Trends changes with time.
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You got a 28.91% upvote from @upmewhale courtesy of @colinbrazendale!
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This post has received a 28.90% upvote from @msp-bidbot thanks to: @colinbrazendale. Delegate SP to this public bot and get paid daily: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP Don't delegate so much that you have less than 50SP left on your account.
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This post has received a 21.74 % upvote, thanks to: @colinbrazendale.
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