BTC - Next Break Out in preparation

in bitcoin •  last month 

Hello all,

Here is the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

The BTC is staying just under the resistance line created by the previous high. This kind of pattern is indicating that a break out is in preparation. Which direction it will take is always the big question but this kind of pattern gives always a sudden and powerfull move. I'm more thinking about a UP break out but it is just my opinion and for sure we could have a big correction so just take your own decision.

I wish you massive profits,
Cryptopassion.io

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Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you 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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Thank you ;)

Wow...It's like watching a storm gather...
How many here think this is a HUGE upcoming bull trap?...
I think we launch to at least 9.4k in the coming weeks...
then plummet back to 4.5k area?...Lot's of money to be made either way...

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If you think you are able to predict it well, trade it at UP and also DOWN, it is possible to do nice money with this kind of volatility. For my part I don't like to short BTC but it is indeed a possibility.