BTC - Bounce Scenario still valid - Resistance line has to be broken soon

in #bitcoin4 years ago

Hello all,

The bounce scenario is still valid and we should know quickly if it will continue or not :

BTCUSD.jpg

As you can see, we tested 2 times the support line in green and used it each time to do a bounce.
The current bounce is more important than the previous one and we should test soon the resistance line in orange.

We will need a nice break out with an important volume to break it but the break of that line in orange will confirm the current bounce so I will really keep an eye on it. If we are not able to break it, be sure we will go back quickly test again the support line in green for the third time... which is not a good sign because the more we test a line, the more simple it becomes to break it.

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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I am hoping this is the time it will move up and change trend . But if not I will grab a little more down below the 6k range again ..

i think now once again btc will rise up.

You are absolutely true, we should not test third time the support line which is in green. We need a big bounce to break the resistance line. Lets pray :-)

when the steem price increase any analysis?

It will increase as BTC increases.

I think its going to break through we will be about $12k a week from now..

Support line have tested severally, so we are looking forward to go up back and break the resistance line and start bullying. @cryptopassion thanks for the update.

resteem done

How many times has bitcoin and cryptocurrency been declared dead?

We may still go a little lower, but in the long term, talking 10-20 years from now, this will be looked back on as the time when the world started changing.

JGV

Up up and away... Enjoy everybody...

Your posts are very informative. Precise and educating too.
Keep steeming!

A mazing tag thanks for u information u are very kind

Crypto is comming back like a phoenix who is been reborn again.. just keep on hodling crypto will rise again just wait for it to pop.

The simplest and hardest thing to do in trading is waiting. We should call it waiting instead of trading now.

It seems to me that a war against cryptocurrencies. Many refuse to change hehehe, that's typical, not everyone can trust and not everyine, understands or accepts this new trend.

Crypto will be back to rise again

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Nice to meet you. I first started to get into steemit. I'll follow you. Thank you for a good article.

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