BTC - flat consolidation

in #bitcoin6 years ago (edited)

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

We didn't have a valid break out after the triangle. Most of the time when we have this scenario, it means we will create a bigger triangle before having a Break Out or that we will do a flat consolidation before having a Break Out in one of the direction.

I'm currently thinking that we will have the second scenario and I will wait that the Break Out starts before that I start a trade in the same direction.

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 cannot see Bitcoin going below $7,500. It's coming to the point where public is starting to take blockchain technology seriously.

The markets dont work this way unfortunately.

Next pump should break 10K...

The words written by you boss are good....

Signs of weakness are becoming more apparant. It is possible we will see low 7k shortly.

HALO

here is analysis BITCOIN

My personal analysis via Harmonic

Going down TO 7800 - 7000

BTC.png

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