Bitcoin is forming a bullish equilibrium pattern! A break higher could see a quick 20% return! :) by nickh725

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bitcoin · @nickh725 · Jan 20 '18

$1.39

Bitcoin is forming a bullish equilibrium pattern! A break higher could see a quick 20% return! :)

Just wanted to alert y'all of a trade opportunity! After the brutal collapse of the cryptocurrency markets a few days ago, the  market has been forming a wonderful consolidation pattern! Bitcoin made a near term top at arond $11,950, and has been consolidating. Every move lower however, Bitcoin has made a higher low! This is an extremely bullish sign, and has created a rising wedge pattern. 

![Screenshot (235).png](https://steemitimages.com/DQmafdD8D8DdhPT1Q8apecXvELtpn4H1nFFH4YwWEc8t7Q7/Screenshot%20(235).png)

A break of $11,950 to the upside would most likely send Bitcoin back up to $13,000 very quickly!

![Screenshot (237).png](https://steemitimages.com/DQmaRfb5mWsw99TUuo9ssQjMX6kMHoiWjhRWXbiHtum7jvn/Screenshot%20(237).png)

Above is my prediction for the near term price action of Bitcoin! If it is able to maintain higher lows, then there is a strong possibility of a move higher. There is no guarantee that this trade will be profitable, but this could be a wonderful trade opportunity. I would recommend buying a portion of a position right now at $11,471, and add to the position if Bitcoin retests the the lower support at around $11,250! Good luck, and happy trading! :)

👍 pharesim, minnowsupport, msp-shanehug, msp-lovebot, kimxinfo, nickh725, carolh, not40yet, newageinv, blazin3596, longming

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@kimxinfo · Jan 20 '18

Put my half funds.go!

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@nickh725 · Jan 20 '18

I'm so happy that you were able to make the trade! Already have made a nice profit! Great job! :)

👍 kimxinfo

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@minnowsupport · Jan 20 '18

<p>Congratulations!  This post has been upvoted from the communal account, @minnowsupport, by nickh725 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows.  Please find us at the <a href="https://discord.gg/HYj4yvw"> Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>.  It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p> <p>If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=102530.639667%20VESTS">50SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=205303.639667%20VESTS">100SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=514303.639667%20VESTS">250SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=1025303.639667%20VESTS">500SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=2053030.639667%20VESTS">1000SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=10253030.639667%20VESTS">5000SP</a>. <br><strong>Be sure to leave at least 50SP undelegated on your account.</strong></p>

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@newageinv · Jan 20 '18

Good assessment!  $12,000 is proving to be tough to go by... Im concerned of the trending lower volume going into the weekend.  So, price movement could be quick and not follow the technicals.

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@nickh725 · Jan 20 '18

lower volume tends to occur during these consolidation. I would actually say that the lower volume shows that most of the selling pressure is out of the market. We finally broke through the $12,000 level and seen a nice move! :)

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@thepassenger · Jan 20 '18

i can't wait for an ATH that gives some energy into the markets!

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@nickh725 · Jan 20 '18

I couldn't agree more!

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