BTC - Correction after the nice UP

in #bitcoin6 years ago

Hello all,

Here is the chart of my last analysis :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

We almost touched the resistance line at 8500$ before the start of the correction. The correction is now in progress and it looks like we are having a bounce from the MMA20 that we just touched some minutes ago. When we are in a strong trend, it is usual that a correction stops just when some MMA are touched like the MMA13 or 20 like now. Let's see if the bounce continues or if we need to go lower.

I wish you massive profits,
Cryptopassion.io

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Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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