Bitcoin going up? Inverted Head and Shoulders could be forming!steemCreated with Sketch.

in bitcoin •  7 years ago 

Here is your daily update for Bitcoin technical analysis.

Looks like Bitcoin is starting to break out of the downtrend channel on the daily timeframe. and it appears to be forming an Inverted Head and Shoulders pattern.

If we get some big Bullish candles in this area, then we can assume Bitcoin price will continue to climb and test the previous highs of 17,000 and beyond.

What do you think will happen? Leave your comment and let me know. Thanks

bitcoin cryptocurrency btc steem
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    2 votes
    2
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    gonna be interesting to see if we can hit 12000 but that resistance tho

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.05
    • Past Payouts $0.05
    • - Author $0.04
    • - Curators $0.01
    1 vote
    [-]
      ·  7 years ago 

    I like your analysis dwade! Would love to see your thoughts on Monero, ETH and Dash.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00