Yesterday we saw a pull back from $11770 to $10740. I mentioned in yesterdays post that we have lower support at $10221. And that is what Bitcoin did, it went to $10273 and bounced to $10915. This is very good. The more we consolidate above $10k the better and the stronger the support.
If the Bears make a very strong move down below $10k the next support levels are $9776, $8451, $7865 and then $6110 on Bitstamp.
Dan from The Chart Guys spotted the pull back from $11770 before it happened. I like The Chart Guys for short term signals.
Here is the latest view from Dan at The Chart Guys:
Tone Vays has become more cautious. His daily chart indicator is neutral. His 4 hour chart is also neutral. So overall Tone says hold.
I have not watched Heajin Lee for a while. There is no clear up of down signal from Dan of Tone, so what does Heajin say? Even Heajin is looking to see if support holds. If it does, we are ready for the next bull trade according to Heajin. So hold here too.
What do you think of the current bitcoin price? Are you holding, selling or buying?
Please give us an Upvote if you think this info was helpful. It will help my online business a lot and I hope to return the favour soon.
Thank you. :)
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Thank you for your support.
Regards
Colin Brazendale
Email: [email protected]
Facebook: https://www.facebook.com/colinbrazendalesinternet/
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Website: http://www.successwithcolin.com
More information about me:
I am a successful bitcoin cloud miner and affiliate of Genesis Mining and USI Tech. I have been mining for the last 19 months. I highly recommend Genesis Mining and USI Tech to earn bitcoin and make money online. I believe it is more important to earn income than hold assets. That is why I recommend mining crypto and blogging on Steemit.
Great blog post @colinbrazendale
Thank you
Thank you too
People will eventually get sick and tired of the endless flood of imaginary coins.
How do you know that? Great great comment, following YOU!
Chart guys channel is amazing, he is 1 of 4 opinions I must always hear
I Agree. Who are the others for you? Following YOU!
good post
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