[ Bitcoin ] Consolidation and Support
Looks like we are in healthy consolidation and support is holding at around $8830 on Bitstamp.
There might be a head and shoulders forming. If this plays out we will see a bounce and then a reversal down again according to Dan from the Chart Guys.
Dan at the Chart Guys are giving us much more details in video below:
Do you think we are in for a bounce and then a drop to form a head and shoulders this week?
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Looks like we are going up now to form the right shoulder? But when we come down does it mean we are going all the way down to 6800 again?
no, it does not. But the 8400 level I wrote of last wednesday when i said BUY at 6950 , would be resistance.
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This post, with over $50.00 in bidbot payouts, has received votes from the following:
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promobot payout in the amount of $12 STU, $20 USD.
sneaky-ninja payout in the amount of $3 STU, $5 USD.
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edensgarden payout in the amount of $2 STU, $3 USD.
brandonfrye payout in the amount of $1 STU, $2 USD.
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For a total calculated bidbot upvote value of $69 STU, $121 USD before curation, with approx. $17 USD curation being earned by the bidbots.
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Very interesting post about the bids
Thank you.
Blessings!