BTC - MMA50 broken - Bounce on the support line

in bitcoin •  12 days ago

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

As you can see, we followed closely the MMA50 during several hours but we finished to break it.

That break created an acceleration of the drop as explained in my previous analysis and we went touch the support line created by the down line of our previous triangle. That touch created a little bounce and we are now consolidating just upper of that support line. We need now to see if we will break also that support line or if the bounce will continue to go test the next resistance line at 9650$.

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 think is a very good time to invest in BTC.

Great information bro

Awesome analysis! I agree with your predictions and where Bitcoin price will move to next, i believe if we can find support at the $9,285 we could see a big push back towards the $9,650 as you are predicting.
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great analysis!!

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