BTC - The consolidation could end soon

in #bitcoin6 years ago

Hello all,

Here is the chart of my last analysis :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

So after the nice bounce of yesterday, we are consolidating around 7300$, doing a little pause after that huge bounce. However, we can see start of little moves now and it could be the end of consolidation and the preparation to do a new move. In theory, with this kind of move, we have higher propabilities to have UP but yeah, we really need to break the 7400$ resistance line to allow that move so let's see the reaction of the market on that level.

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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Thanks for the post. Very interesting considering BTC's history over the first week of the year. Usually it seems to gain hard, but so far in 2020 not so much. Fun to observe.

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