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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@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.
maybe like this
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!
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Agree
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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.
I agree, the sentiment is becoming more and more positive for bitcoin and crypto in general
Me too . :)