Hello traders! Here is a technical analysis of Bitcoin and what we might be looking for in the next coming days. As you can see from the chart, an inverted head and shoulders pattern (bullish) is currently under formation. I'll keep this idea updated to show the progress of this pattern and how Bitcoin price will react.
Please note that I don't trade Bitcoin and only use Bitcoin to transfer payments etc. If you like the ideas that I post here on TradingView, please let me know by upvoting them :)
it will test support at 12.5k if it falls, we will see it over sold to next support 8800-9500
it sucks but its true :( just HOLD and wait. once it hits 9k it will be very quickly back up to 20k
@elshanti, btw on the daily chart 50 MA broken for the first since 13 september 2017.. we all know what happens next !
DrewRosen
⋅
@seananetsberger, i have a lot of money in DGB, ETH, ARK and curious do you think this Korean ban will end this entire market?
Thanks!
ppcrunner
⋅
@DrewRosen, All countries are playing drama of ban and re-start. Same happened with China and lator on they re-start it. Ban = Market down and Re-start = a Big Big Jump. Example is China BTC ban News.