BTC - Reversal in Progress

in #bitcoin6 years ago

Hello all,

Here is the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

So the correction lasted most of the day and we are now experiencing the reversal of the correction. Let's see if we will be able to break the MMA50 (pink mobile line) or if we will continue the drop in some hours. We are in the middle of the 2 blue line so giving a direction right now is a little bit complicated. We need to wait a little bit and see how it will progress.

I wish you massive profits,
Cryptopassion.io

BARRE STEEMIT.jpg

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.

BARRE STEEMIT.jpg

banner_cryptopassion03.png

BARRE STEEMIT.jpg

banner_cryptopassion_witnessvote01.png

banner_cryptopassion_viaSteemit01.png

gif_witness_cryptopassion02(220).gif

banner_cryptopassion_viaSteemConnect01.png

gif_witness_cryptopassion03c(500).gif

BARRE STEEMIT.jpg

Sort:  

Looks like Bitcoin is consolidating above Blue Chart long term down trendline - it may still retest it from above but it looks like the long term down trend is over finally !!!!!

Yeah normally, we are in a long trend UP now, at least if the correction doesn't continue lower

Coin Marketplace

STEEM 0.18
TRX 0.18
JST 0.032
BTC 87512.19
ETH 3031.52
USDT 1.00
SBD 2.72