BTC - MMA50 still in action

in bitcoin •  5 months ago

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

As you can see, the MMA50 is still in action and is playing her role as resistance/support line in the current moves.

We broke it earlier in the day but you can see we were not able to go lower. We tried on several candles but they finished all in DOJI pattern. We have now a bounce in place and for me, the MMA50 cannot be considered as has been broken in a valid way. So the UP trend is still valid for me. However, please keep a close eye on that line, because a second attempt to break it could occur and we could see an acceleration in the drop if it was happening.

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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@haijen is that you lol? great coverage... followed :)

Bill Gates and Warren Buffet are afraid of the cryptocurrency, I guess that is a good sign.

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Quite humorous actually when one thinks of their kids and grandkids, even great grandkids, using huge allocations of their inheritances investing in crypto, aka the big kahuna BTC, for starters.

Best regards.

Peace.

You really should be thanked for a lot of money
From your post today I learned some amount of work that will work for me @cryptopassion

Thanks for your tips which will help me to invest.

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