BTC - Consolidation on the support line - Triangle - Break Out soon
Hello all,
Since the break of the resistance line, we are consolidating around the same line which is now a support line :
On the 5 minutes chart, we can see a triangle pattern :
We should have a Break Out soon and I think there are more probabilities that it is a UP break out but never forget we can be sure at 100% of the direction. Just wait the start of the Break Out and follow the trend.
This UP Break Out should allow us to make again a new Top.
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 - Consolidation au dessus de la ligne de support - Triangle - Break Out imminent
As a trader, I recommend you the trading platform Bitfinex
10% discount on your trading fees for 1 month via this link !
thanks for sharing Consolidation on the support line
This comment has received a 17.51 % upvote from @upgoater thanks to: @babarrajo.
2.86% @pushup from @babarrajo
If I understand well, a support line is the bottom one, and the resistance one is the upper one. This is interesting that in this case the resistance line is now a support one. I guess I've learned a few things from your posts, if I understood well :D
A resistance line is a line higher than our position and for which we had difficulties to to break. But when that line is broken, it become a support line as we are higher than that line.
it seems like a pennant, the continuation of the trend, but recently the market has been manipulated, from the latest news, for example, the Bitfinex exchange that produced the tokens of USDT not provided with anything and bought bitcoins on them, can also shake unexpectedly everyone who came to buy
Thank you for the information. I was not aware about Bitfinex. I will check the news about it.
glad if my information was helpful, I have bad English please excuse me
You gave a useful suggestion well how much we wait for the start of breakout?@cryptopassion
Thank you for posting the technical analysis for btc and for all the information along with the chart.
very informative. Im still trying to learn trading so this was helpful. Ive learned a few things but still so much to learn lol definitely following and upvoting you! its good to see people who know what their talking about lol
thanks for your information, nice work.
Agreed! I'm thinking the upside more likely! Great illustration on the chart analysis to back it up! Great post, bud!
Congratulations @cryptopassion, this post is the seventh most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 29 and the total pending payments to posts in these categories was $689.28. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.