Looking at the chart from the last time, nearly a week ago now. Back then we talked about the inverse head and shoulders reversal fractal forming, which was validated and proceeded a very nice bull run up to 12k. We smashed through the two levels of resistance with nice momentum. We have nearly moved 100% since the lows of 6k, a very impressive move for Bitcoin in the span of a week. Let's take a look and see where we might be going.
The candle formation here at the top of the daily make me a little nervous. Although it's not perfect, it is looking very much like a shooting star formation. Confirmation would come if today's candle starts trading below the low of yesterday's candle, something that has not occurred yet because we're still bullish, but that could change at any time. If that candle starts trading below 10,300, then I would look closely for the price action to open up a potential short. The two likely support zones are charted.
Come on over to https://www.crackingcryptocurrency.com and join the community of crypto enthusiasts, traders, and investors!
If you enjoy my content, please support me by upvoting my post, resteeming me, following me on Twitter (@JustinWiseFree), and leaving your thoughts and comments below. I'm always happy to answer questions and see what is on your mind.
Consider joining the Cracking Crypto Discord Channel, the trading group I provide content and signals for. We have a highly respected and experienced team of traders and investors, and an active community for crypto lovers and traders from all walks of life. https://discord.gg/Jj27gK2
The information provided by Cracking Crypto is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.
Cracking Crypto does not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, Cracking Crypto disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.
Content contained on or made available through the Discord server is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. Your use of the information on the website or materials linked from the Web is at your own risk.
Thanks for the post - upvote and follow me please.
https://steemit.com/blockchain/@anthonyrosamilia/could-hashgraph-be-going-public-the-countdown-begins