BTC - After the double Top - Direction to touch the support line
Hello all,
As explained in my previous publications, the BTC did the double TOP which is a very bearish pattern and is now dropping in direction of my support line in orange :
We should touch it this time in a short time frame and test it. If we are able to break it, the second support line in blue will be tested.
If this second line is broken also, we will have to consider that a major correction will occur on the Bitcoin.
The transfer of value between the BTC and BCH tells me that we could brake these 2 lines so be carefull at that level.
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.
Version française ici : [FR] BTC - Après le double sommet - Chute en direction de notre ligne de support
Thanks for the brief but excellent post. I do not usually study or even look at these technical indicators. But you give a fine summary, giving a clear view of what's happening and what's likely to happen.
Looking forward to viewing more such posts.
BTC/USD may i hope giving a head and shoulder H4 chart
It is certain that there is a correction in store for bitcoin but like any market or stock it is bound to fluxuate at any given time for any given reason. Bitcoin value has shot up dramatically the past month and a couple days dipping down is normal for any stock or coin that is as volatile as this one. Expect the losses to come back as gains in the coming days.
lets hope so .. i am wondering to sell or not :(
Depending on how much you bought it for and how long ago you got it for. Just make sure you make the right decision on when to sell. Dont want to sell low and have it jump the next day on you
a major correction is certain for bitcoin. upvoted & resteemed.
i bought at 7250 :( sad story ..
keep on holding. Segwit 2x can happen
I would probably hold onto it. It should go back up. Alot of projections were showing it going to $10k+. Good luck with whatever decision you make though.
How to get upvote from you? Please help me . . .
You get upvote from me, I like to help people, because I am on steemit about 6 months.
But in steemit you have to help yourself, and you have to work hard, by asking people for upvote you will not earn a lot. You have to write good posts and try to do it everyday. The most important here is to earn steem power, even if it takes you a year to do so, after that people will ask you for upvote not you. Good luck.
waiting to go down more to buy at cheaper. where are you buying cheap at?
I'm just curious, but how do you go about drawing the trend lines that you do? How do you develop these graphs?
Most good tech projections have correction to 6150+-75 $ range fyi only
For the moment the price of BTC is dropping but I think at the end of the year we will have a new all time high and the long term direction definitely
is forward.
The correction is absolutely normal
Ok