BTC - Low at $5560 - Reversal should come soon

Hello all,

It is difficult to keep you updated about the BTC because everything is moving so quickly these last hours and I don't want make more than 3 publications by day (3 english + 3 french).

So here is my first update about the BTC for the day and I will do some other during the day or I will cover other cryptos, depending of what will happen...

As explained you yesterday, I said you that if we break the last support line of the triangle, we will test the support line at $6020.

Here is the current chart :

• So we broke the last support line of the triangle
• We tested and broke my support line at $6020
• We touched the MMA50 before stopped the drop

It looks like now that we used the MMA50 touched to start a nice reversal of several hundred dollars. This reversal make a nice pattern on the daily chart : Hammer. This pattern is often the indicator of a change of direction.

I think we did the low for the short term and that we will continue the reversal during the next hours. Stay very careful because it doesn't mean that the drop is finished. During every huge move, you have always a pause done with a reversal but it is just a pause not always the end.

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 - Plus bas à 5560$ - Une reversal devrait avoir lieu bientôt