[ Bitcoin ] Head and Shoulders confirmed. Where to now with Bitcoin?

in bitcoin •  7 years ago 

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?

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Colin Brazendale

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@colinbrazendale Great with this post, I follow and enjoy bitcoin, your analysis is helpful.

Thank you for your support @idestroy

@colinbrazendale Always checking how is runs up our BTC and your confirmation of the head and shoulder. It is running.
Thanks for your support.

I like Haejin Lee's view on seeing $9000 next. :)

Me too, but Bitcoin usually has it own mind. :)

Yes it does, but traders love the up and downs of this market to trade.

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

I am holding thumb for this week. Everything looks set to burst through $9000 and reach $10k

Thank you for your support @ayahlistic Following you now.

  ·  7 years ago (edited)

maybe like this

U5dtbgDFzVVUgDWUk2b46wy1awaMuj3_1680x8400.png

triangle break up positive in daily, and i think bitcoin will be come back in $20000

That looks great @bangkecol

How long will it take to get to $20k @bangkecol?

Release the Kraken! You got a 10.17% upvote from @seakraken courtesy of @colinbrazendale!

Thank you

Agree

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Good upvote bot. Thank you

I like @lovejuice bot too.

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.

I agree, the sentiment is becoming more and more positive for bitcoin and crypto in general

Me too . :)