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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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.