BULLISH Pattern! Back To $7,100?? [Bitcoin Today]

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Bitcoin Analysis & Bitcoin/Crypto News Today: Bitcoin has formed a new bullish pattern in the chart. An inverse head and shoulders formation in the Bitcoin price. I use technical analysis on the Bitcoin price to explain what could happen. Also, Lantmäteriet (The land registry) in Sweden is experimenting with blockchain to record proof of ownership of land. Watch the video to learn more!

1:15 EMA's
4:16 Head & Shoulders Formation
11:44 Bitcoin & Crypto News

Sources:
Sweden Lantmäteriet: https://www.coindesk.com/sweden-demos-live-land-registry-transaction-on-a-blockchain/
Bitgrail Hack: http://bitcoinist.com/italian-courts-seize-bitcoins-from-bankrupt-exchange-bitgrail/

BULLISH Pattern! Back To $7,100?? [Bitcoin Today]

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Created by Sara Bauer and Richard Abermann

31 comments

  1. By the way, I forgot to point out that this formation does NOT guarantuee a breakout. DO NOT assume this head and shoulders is going to breakout through the neckline. Trading is done only when the formation is confirmed, with volume, AFTER a breakout. 🌙😀

  2. This is only a correction wave up. Yes we are due to go to 7100-7400 maybe but it will start the impulse waves down after. Not bullish at all we were just due for a bounce after going to 6000 and being over sold. The trend is still downward nothing has changed

  3. I agree, if you look at the last time it hit 6k, we traded sideways for a bit before we got a breakout.

  4. I see the volume at the head being the highest not to say it breaks the rule for a head and shoulder pattern. Love your videos, the thing is, professional traders will be watching your videos and obviously trade accordingly!

  5. The best coin this year is the Zilliqa. The excellent idea lies in it. It will grow by 20 times this year! They have a free distribution of coins planning in JUNE and JULY tokenairdrop.pro/zilcoin

  6. Come on dude ! STOP,, btc is not going to just turn around and head up any time soon,, we are in bear market and it is going to take time to consolidate and recover to proper correction(bottom) and then slow upward trend, like a normal market,,wont see 20 k for a while,, especially after all the manipulation of prices.This will take time, plus retail investors are scared or already got burned at 12- 19k range. the more people I talk too, I’m finding no positive feedback or interest in crypto. I will be HODLING for sometime , I think 3-6 months,, also waiting to buy 5500- 6 k range,, with what little fiat I have left. No cash left after buying all the dips..

  7. I liked your comment about this thing, called “real life over here”. Very true, though! Thanks for your honest videos!!! Pleasure to watch!!!

  8. No apologies my friend, assumed you had things to do! Appreciate all of your hard work!

  9. Oh Carl don’t worry about not uploading yesterday don’t squeeze and tight yourself its good to collect some info for 2 or 3 days and upload a video we are totally satisfied with your activity 😉 but tell me when we will get to the Moon 🙂

  10. The Moon, I don’t understand why you looking EMA’S on 1h time frame. Any trend or formation you should look minimum 4h chart or upper time frame thanks

  11. I don’t see your videos as “instructional” but rather as valuable information you can give to intelligent investors in crypto….so don’t “teach” unless you want to call it an instructional video and we can choose to view………too much “teaching” – I watch because of your knowledge not to take crypto charts 101

  12. the bullish euphoria won’t be back that soon, they are taking profits, the bubble still did not deflate completely …
    the losses were too big … still too much mistrust, there’s not enough volume
    Only the very deep will detonate the next bullish explosion

  13. Thank you! Say, do you know what is going on with Coinbase? They keep shutting down their trading platform for “maintenance”. I think 5x in the past month, if not more. Makes it harder on their clients

  14. i clicked on this video just to tell you that you have serious bias to the upside, and you should really try to be more neutral. The market is bearish this is a weak bounce

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