Bitcoin Report 2018.07.17 - Double Bottom & Inverted Head and Shoulders + Number Play

pagandance (55)in #bitcoin • 7 years ago (edited)

Coming from 20K Bitcoin didn't fall back to 12 November Low of 5555.

2018.07.17.png

Coming from 20K, Wave 4 hit 10K = 9999.

Head and Shoulders pattern had it's neck at 6666 and we have passed this after Bitcoin made a Double Bottom around 5775.

Next resistance, after finishing Head and Shoulders and crossing descending resistance Line 20K-10K, should be 7777.

After that next target is 9999 = 10K.

#head #shoulders #double #bottom

7 years ago in #bitcoin by pagandance (55)

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blazing (70) 7 years ago

finally after a long time seems like the resistance will be broken

pagandance (55) 7 years ago

It just did :-) - Alt Coins can't keep up with Bitcoin explosion

sumeetsingh (52) 7 years ago

I somewhat agree with your technical analysis though it will take time to turn the scenario to the upside and rech the all time high again.i have upvoted your post.
i will be glad and honoured if you upvote my post in return
https://steemit.com/mgsc/@sumeetsingh/my-first-post-in-steemit-my-introdution
love @sumeetsingh

pagandance (55) 7 years ago

Yes, we had to wait for almost 2 long hours before it went up to 7400 LOL

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