BTC - 2 long term support lines broken

in bitcoin •  4 months ago

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

As explained yesterday, my predcition was that we will go test the support line around 7020-7030$ and that if we break this line, a backup support line was there around 6820$. We quickly touched my prediction as the support line at 7020-7030$ has been broken but we also broke 6820$.

Everything is not yet lost for the 6820$ line as we are currently staying close of it and we could go back upper of this line. A bounce from this line would be a good thing because if the break of this line is confirmed, I think we will make soon a new low for 2018 on the BTC.

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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The ship is sinking....NOT!...:)...

Nice analysis.

I would not mind seeing BTC touch $6000 before we get another bull run

Sell! Sell! Sell!......... to ME ;) HODL Once SEC clarification on cryptoz comes through, the tides will rapidly change to the Bull 📈

Many other people are saying that the floor is about 2000$ - 4000$. Do you agree?

There are no real support lines. We went from 900 dollars to 20 000 dollars in no time. Anything could happen.