BTC - Resistance line broken - Should be the start of a new bullish trend
Hello,
So yeah, we finally broke that resistance line that we were observing since days now. It has been done with a nice Bullish breakout but it is very quiet since that happened :
We need now to wait some hours to be sure that it is not a Head Fake. A head Fake is a kind of trap where the market brakes a resistance, goes a little upper and drops back under this resistance with big volume.
So what I would like to see now is a nice bullish volume which will put that resistance line which is now a support line quiet far from us. If that happens, the next big objective (in daily time frame) will be to test the previous high (5000$). For sure we will have some waves (up and down) before that but yeah this will be the next target. So huge profits are possible...
Take care all,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to loose. 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.
Version française ici : [FR] BTC - Ligne de Résistance cassée - On pourrait avoir le début d'une nouvelle tendance haussière
yeah, this shows the bullish trend but we haven’t seen any movement in the waves recently.
It looks like it will go down big on 29th september.
Mark my words. :)
Tbh, it looks a little bit too quite for me. I'm afraid that they are trying to make a Head Fake. This is why I'm explaining it in my analysis. So yeah stay careful and keep an eye on what is happening.
Always on sync. ;)
I'm a newbie, so please forgive me, but why do you think this, and what is so important about the 29th September? And movement in the waves? Is this referring to the volume?
You may not be a pro, neither am I but you just got to follow the news and updates, because from 30th September China will ban the exchanges for trading and trade locally only, so China is a huge economy and with big part in bitcoin mining, it with smash the bitcoin rates and will go down.
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Yay
Good post keep it up
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This is good news. About time too! I want to trade in my BTC for steem Power/Steem, and the rate has not been at its best this last week!
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NOW is NOT the time to be taking SELLING actions....rather it's time to take BUYING actions as this chart shows:
