Bitcoin had a great run this week and run to $11284 on Bitstamp yesterday. So we did break $11 even for a short time. We then saw a double top at $11284 and then the bears came out to play.
The bears took us down all the way down to $10192 in the last 12 hours. We then saw a rebound to $10600. So it looks like the 10k level is new support.
So where are we going from here? More consolidation and then up to $11k again? The RSI was overbought at $10853 so the pullback was overdue.
Here is the latest from the Chart Guys. This was recorded 12 hours ago and Dan predicted this pull back:
Tone Vays gives us a more longer term view on the bitcoin price. He also has a chart indicator that helps him decide to buy or sell bitcoin:
What do you think of the current bitcoin price? Going up or down from here?
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Just taking a breather! We'll be surging again soon!!
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LOL! Love the pic @conradt
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Me Too LOL! You've got a new follower @conradt!
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It went over $11.2k in all exchange I've visited. Anyways, I think a slight correction happened when it dipped up to around $10,080. It's now hovering at around $10.7. If this holds, I think we're going to $11.4 - $11.6k before dipping again, then up to $12.5k if it breaches $11.6k and hold above that line.
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You are right @vhmcrypto. I made an error. Fixed it now. Thank you for your help. :)
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Love this technical analysis, thanks for your insights. So valuable!
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On Binance we did break the 11k. Very shortlived moment.
But good signs overall!
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You are right @nmkeur. I made an error. We went up to $11284 on Bitstamp
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bitcoin will rise to the occasion when the time comes . in fact it has demonstrated it's capability a dozen times . Because after every stormy night , no matter how long it lasts , daytime will always break . Bulls have their way .
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Well Said! Following YOU!
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thanks, good info
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I think it's a good thing BTC slows down a bit. I really don't want to see a repeat of Novembers run and then the crash.
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Would be great for more major ups and down. Lots of trading chances
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Sneaky Ninja Attack! You have been defended with a 7.89% vote... I was summoned by @colinbrazendale! I have done their bidding and now I will vanish...Whoosh
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This post has received a 10.49% UpGoat from @shares. Send at least 0.1 SBD to @shares with a post link in the memo field.
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You got a 6.71% upvote from @ipromote courtesy of @colinbrazendale!
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This post has received a 1.08 % upvote from @booster thanks to: @colinbrazendale.
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You just rose by 5.9257% upvote from @therising courtesy of @colinbrazendale. Earn 43.8% APR & rise further by delegating SP to therising. For more details visit: https://steemit.com/budget/@therising/auto-daily-payout-of-43-8-apr-for-steem-power-delegations-starting-from-500-sp-only-limited-period-offer.
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Great post! You just got a 12.12% upvote from @edensgarden!
Thanks for tasting the eden!
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13.69% @pushup from @colinbrazendale
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This post has received a 10.30% upvote from
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You got a 8.89% upvote from @adriatik courtesy of @colinbrazendale!
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You got a 4.57% upvote from @bid4joy courtesy of @colinbrazendale!
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You got a 3.76% upvote from @buildawhale courtesy of @colinbrazendale!
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This post has received a 7.29% upvote from @aksdwi thanks to: @colinbrazendale.
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Release the Kraken! You got a 12.55% upvote from @seakraken courtesy of @colinbrazendale!
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Thank you colinbrazendale for making a transfer to me for an upvote of 6.82% on this post!
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You got a 1.29% upvote from @postpromoter courtesy of @colinbrazendale!
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You got a 33.33% upvote from @redlambo courtesy of @colinbrazendale! Make sure to use tag #redlambo to be considered for the curation post!
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You got a 10.23% upvote from @mercurybot courtesy of @colinbrazendale!
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Wow greate article!
You just got a 22.73% upvote from @postdoctor!
Thanks for using the @postdoctor service!
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It actually broke 11K as someone already said which was pretty nice but short lived :)
I think we are up for a major bullrun soon, we just need to have a bit more patience! Beginning of march should be around 15K.
// @sanktnico
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@colinbrazendale Congratulations! This post has been chosen to be featured in THE RED LAMBO PIT STOP. Check out the post [here https://steemit.com/redlambo/@redlambo/the-red-lambo-pit-stop-issue-9).
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You got a 17.51% upvote from @minnowvotes courtesy of @colinbrazendale!
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This post has received a 5.66 % upvote, thanks to: @colinbrazendale.
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