BTC - Resistance line at 7625$ broken - Testing already in progress

in bitcoin •  5 months ago

Hello all,

Here was the chart of yesterday :


Here is the current chart :


We had some little moves during that day and we finally broke the resistance line 7625$. However, that Break Out doesn't look very powerfull. We are currently having a little correction which already tested our line which is now a support line. This first test failed to break it but we need to take some distances from that line to be in better position for a new UP trend. If we break that line, all the efforts of the last days will be wasted and we have a risk to start a new drop in direction of our support line around 7000$.

I wish you massive profits,

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.


Are you looking for a user friendly way to exchange your cryptos in £, $, € ?
Do you want them spendable directly via a dedicate Visa card ?
You prefer a quick transfer on your bank account ?
I can recommend you the platform Wirex


You would like exchange your cryptos with the lowest fee possible ?
With my daily exchanges of cryptos, I can recommend you the platform Binance




Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  


thanks for the information a pray for an increase in the trade market

Cryptocurrency is in a short form is an online medium of exchange by which value is added to an individual or another...... This is a great work @cryptopassion........ Every business got her own risk but with the chat and tending moment the graph shows, it makes it easy to do crypto-currency business with any risk involve......that is the beauty of the graph, to a successful business man, the idea of any business he want to go into, he will first learn the in and out of the business, how it works, operate and the rise and fall motives of the business, that is the beauty of the crypto-currency and that is the beauty of this post and that is what I see what @cryptopassion doing.......Doing business without any risk..... Good job @cryptopassion. Thanks for making it a post at this point in time

I'd like to see 10k again by the end of the summer. 5 digits.

Sitting at 7719 as I write this. You are right, the breakout doesn't look that powerful. I am thinking the eventual increase will take a while to get back above $8000.