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TheChartGuys
Jan 19, 2018 12:08 PM

BTC Make or Break Day 

Bitcoin / United States DollarCoinbase

Description

Watch the daily inside bar on the BIG 3 for key direction today.
I drew out a "potential" head and shoulders bearish reversal pattern.
This will play out 1 of two ways:
1.) We consolidate this morning and break the neck line, shifting momentum back to the bears.
2.) We break the higher of yesterday, break the daily inside bar, and see continuation of the bounce.
We will likely know the answer to this by Noon Eastern at the latest.
Today will decide if the bounce has momentum, or if we are going to fade back down to try and form a higher low compared to $9,000.
Comments
cryptomizer
Enjoying every chart and your videos. Very appreciate your time and wiliness to educate us. Thank you.
braingsteel
updates ?? it is going to cross 13000
we still gonna sea bullish movement ?
Dholo
I think the volume is too low for a true head and shoulders. Left shoulder volume is the only one that's close to high enough.
davidlovesgolf
Very helpful, thank you Dan.
Asma7assan
how is it looking right now? I really hope its bearish so that I can load more on the bottom. please let me know with a quick update
alfie22
I always look for direction from The Chart Guys. Appreciate your time!
MuMPiTz
thanks! will you post updates?
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