Yesterday Dan showed us that there is a possible head and shoulders forming. Today we can confirm this happening, but where to now?
The $7830 level did hold yesterday. We saw a small dip from $8086 to $7838 on bitstamp. This now looks like a good buying opportunity very short term after this morning’s jump to $8145.
Here is Dan from The Chart Guys with his head and shoulders video. In the video he shows us what to lookout for in next move up or down:
Here is Haejin Lee’s view on the head and shoulder and possible path to $9000:
I also had a look at Tone Vays view of the market and he seems to be very negative longer-term view:
Do you think we are in for a bounce or a drop in the next week?
Please give us an Upvote if you think this info was helpful. It will help my online business a lot and I hope to return the favour soon.
Thank you. :)
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Colin Brazendale
Email: [email protected]
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More information about me:
I love Steemit and I have been blogging here since June 2017. I am always looking for ways to increase my Steem and SDB holding. Lately I have started trading bitcoin using an auto trading robot. So far it is going well, and I am in profit, but still testing. 😊
Most of my time is spend on internet marketing for my clients on Google Adwords, but I also love network marketing on the internet.
I have been cloud mining for the last 2 years, but stopped promoting it due to the low returns from Jan 2018.
@colinbrazendale Great with this post, I follow and enjoy bitcoin, your analysis is helpful.
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Thank you for your support @idestroy
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@colinbrazendale Always checking how is runs up our BTC and your confirmation of the head and shoulder. It is running.
Thanks for your support.
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I like Haejin Lee's view on seeing $9000 next. :)
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Me too, but Bitcoin usually has it own mind. :)
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Yes it does, but traders love the up and downs of this market to trade.
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Experts say bitcoin might hit $10,000 nextweek like you said this might be a good buyer opportunity. You made an amazing content my dear friend. We should connect and support each other by following, upvoting each others post. I already upvote your post and following you, please think about that. Thanks and greetings from @ayahlistic
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I am holding thumb for this week. Everything looks set to burst through $9000 and reach $10k
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Thank you for your support @ayahlistic Following you now.
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maybe like this
triangle break up positive in daily, and i think bitcoin will be come back in $20000
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That looks great @bangkecol
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How long will it take to get to $20k @bangkecol?
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Release the Kraken! You got a 10.17% upvote from @seakraken courtesy of @colinbrazendale!
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Thank you
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Agree
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You got a 8.71% upvote from @dailyupvotes courtesy of @colinbrazendale!
Please upvote this comment to support the service.
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Thank you for the upvote
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Good returns form this @dailyupvotes robot
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You got a 1.71% upvote from @postpromoter courtesy of @colinbrazendale!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
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Great upvote, thanks
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Top admin of this bot.
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This post has received a 19.58% 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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Good upvote bot. Thank you
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I like @lovejuice bot too.
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It is possible, but unlikely that we will see a significant drop.
-We currently have reasonably good media for Bitcoin - Christine LaGarde comments have been softer / more positive recently, for one.
-Sentiment is good at the moment.
-Technicals on the charts look ok - not perfect but ok
-Remote Viewing feedback is good.
-Context (Metaphysics Trend) is healthy - Consensus 2018 is nearing - usually a nice inflator for Bitcoin and thus other Cryptos each year.
-Deep Data Mining is still delivering good feedback.
-Macro economic trend is line still pointing up.
-Dark state maneuvers still don't look to be in conflict with Crypto progression.
So all in all - I am buying again.
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I agree, the sentiment is becoming more and more positive for bitcoin and crypto in general
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Me too . :)
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