Yesterday we saw a nice bull run from $11642 to $13004 on Bitstamp. It has pulled back to $11730 and now up to $12120 as I am writing.
This was a nice run, but we are still making lower highs from the $14319 we saw on 15 Jan. Until we break $14319 the bears are still in control over the short term on the 1 week chart even after this bull run in the last 1.5 days.
Here is the Technical Analysis from The Chart Guys with much more detail and they also analise Ethereum and Litecoin:
I love to watch Haejin Lee’s video for more long term views. The Chart Guys are day traders and they look for short term signals. Haejin gives us more longer term views on the Bitcoin price.
Haejin is giving us the bigger picture of the bitcoin price. And long term it is looking very good for Bitcoin.
It is very interesting to see that the MACD is at a record low, so to turn back up we need to see the bitcoin price to go up or move side ways in the next couple of days.
Haejin is seeing a wedge forming. This means that the price might move inside this until it gets to the tip of the wedge. After that you normally see a breakout out of the bear trend up wards. That will be great hey? 😊
Put Haejin hopes for 1 more lower low before we see the breakout to the top. That will be a great opportunity to buy more bitcoin before the next bull run or bull trend.
Here is the technical analysis from Haejin Lee:
Please comment below with your thoughts on Bitcoin price? Are you getting ready to buy more bitcoin?
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Good to hear, love these updates!
Thank you for your support @janique
good post, I like your post ..
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Thank you for your post @muliadi I will have a look at your Steemit blog
good post
bitcoin is definitely going to get much higher
bought some in the last drop last week
Hi @michaelsteam, well done. ''Buy the dip'' they say.
In few days crypto is higher to higher.
Only time will tell @zainqureshi. Trust you are right.
I'm a strong believer of Bitcoin. Its just matter of time when the bull will start its run. Remember the November of 2017. We are up to witnessing something similar soon.
I am long term in on Bitcoin @blog-beginner
Optimus prime will rise. And all decepticons will be destroyed.
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