BTC - Break Out from the Triangle
Hello all,
Here was the chart of yesterday :
Here is the current chart :
As foreseen yesterday, the triangle created a nice break out but unfortunately it is a down break out. I think we will test soon the first support line around 7020-7030$. If we break this long term support line, it is avery bad news but we still have a backup support line around 6820$. A break of these 2 lines could create a major acceleration in the drop so let's hope it won't happen...
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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Hiii @cryptopassion, your analysis and predictions are always very close to reality. I always prefer your assessment. The current scenario of market is also create bad for us. and the resistance lines for BTC you showed in chart are also bad news. but I think never lose our hope always be hopeful and think positive to play and trade this crypto game. Thanks for updates.
HODL!
Bitcoin is below the Bb1. Too dangerous.
Well the downtrend is even accelerating now, we're at 6840...seems very bad news
Dump! Dump! Dump! lol
I think it will rise for sure and soon before august end.
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Thank you a lot, this actually worked!
You are welcome
Well, that escalated quickly! 😉
Do not panic about the drop in Bitcoin's price. It is an overreaction to the news that Bitstamp, Coinbase, itBit and Kraken are being investigated for price manipulation. This will delay the bull market by no more than 30 days. Don't buy into the fear. Buy the coins.
https://twitter.com/officialmcafee/status/1005939202301849600?s=19