BTC - Consolidation in progress after test of resistance line

in #bitcoin7 years ago

Hello all,

Here is the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

The consolidation is in progress as it was expected. Yesterday the MMA13 helped us to go test again the resistance line at 4000$ but we failed to break it. So the immediate reaction has been the current little drop that we are having. Till now the MMA20 is holding us so there is currently no drama with this correction. Let's see if we will continue more deeper to drop or if we will try to break again that resistance line very soon.

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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Tell me what is the relation with your post and my trading analysis? Are you trying to spam and looking for downvote?

You're right; I apologize for my stupidity.

Indeed, a correction was expected after the beautiful spike we had. We've bounced off the 100 day MA, which is a good sign. Also the Ichimoku Cloud is shrinking these days. Hopefully this is the beginning of a new movement.
Wish you the best!

BTC daily.png

I whish you the best also, BTC is taking some UP today, let's see if this will continue

Let's hope we break the resistance line soon.

Wish you massive profit too @cryptopassion.

Thank I wish you the best

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