BTC - Correction in progress on our support line at 8950$
Hello all,
Here was the chart of yesterday :
Here is the current chart :
As you can see, we almost touched my objective line at 9850$ (violet line) and we are now correcting. This correction was expected and I was even thinking that it would have come earlier so no panic !
Till now our support line at 8950$ is doing well her job and is even creating a little bounce. We need to see now the coming hours. If this support line can hold the drop, we will for sure go test again very quickly the violet resistance line at 9850$ and let's hope we will be able this time to break it to go back to the 10k levels.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, 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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Currently sitting quite a bit lower at $8743. No sign of a reversal yet.
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It's dropped back down because longs were closed. If new longs open, we should see another bounce back up.
I'm sure btc will go back to 10k!
Maybe that will creat a double top, increase the resistence there, and finaly create pressure for it to go to 6k and pick up some volume to creat a real BULL trend ;)
I think 15k is possible soon!
moon soon.
Wow now i'm impressed. Good work!
Hi cryptopassion,
Wow, BTC pulled back so precisely down to the below support.
Let us see if BTC can break the above next resistance $9850 by next Monday.
Keep up the good work and nice post!
This is a very good review for very dramatic day , let hope we will break the resting line i think it's the Asian market that we will active in the next few hours to set it
Hope so. Nice post
Support line seems to be strong enough this time.