BTC - Nice W pattern - Let's break that resistance line at 6800$

in bitcoin •  4 months ago

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

The W pattern is now confirmed with the last break out of yesterday and now we have to see if it will allow us to break that resistance line at 6800$ which is my objective since several days now. The W pattern is a bullish pattern but as always, no pattern is 100% sure so let's see if the effect will be confirmed soon.

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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very good post ... bitcoin up to 15.000 in 4 month

@cryptopassion its actually looking a lot like a fractal of the W wave of this move, not sure what that means for the over all @patterns,still seems unlikely that will be the end of the correction but its another thing to look out for. indicatiors gives mix signals ..

we need that 7k IMO

Ohhhh, the lines and the TA. If only we could have a graphic that showed all the TA that was dead wrong and never came to fruition. It’s a breakout for sure, but enough with the lines.

We've broken out of the 7-month bear. We probably have a few more weeks of bull. After that, who knows? Eventually we will get swept up in the long-term trend.