BTC - Resistance line tested but not broken
Hello all,
Things are going quick on the BTC... As foreseen some hours ago in my publication BTC - Direction to the resistance line, we have tested the resistance line :
It was again some easy profits if you listened my predictions ;-)
Now we have the 2 scenarios that I explained you earlier :
- We are going to drop and test the support line in blue.
- We will test again the support line in orange, break it and make a "Head Fake" followed by a massive drop just after.
China will perhaps remove its ban regarding the BTC but we are already very high and we need a more important correction before an important UP so I don't think it is already the time for a new huge UP but no one can be sure at 100%...
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.
Version française ici : [FR] BTC - Ligne de résistance testée mais non cassée
I'm just getting used to BTC being at $6K, and know it's apparently surging again.
I think we wil see BTC dip in the near future.Maybe another good buy-in moment.
Thank you for your comment
Thanks for the analysis @cryptopassion. I give more chances to the first scenario and i believe that BTC will drop and test the blue support line.
Hehe let's see my friend and I whish the best for you if you are trading it
Always appreciate the graph to know the options! I got in on buy order at 6,000 with a 1% stop loss. Easy!
Still not convinced it'll close above the 6,300 resistance level though.... even though buyers have already gone upto that. Curious to see what ETC and LTC will do. They seem indecisive atm.
Good luck and thank you
Thanks for the accurate analysis, I totally agree on this one. After having surged to new all-time highs, most indicators provide solid basis for entering a short position.
Thank you
Awesome Post, Keep it up!
I was going to buy in last night but missed the window , you seem to have a good grasp of the market, im going to follow these posts closely
I think if it drops significantly, it will go to $4500
What do you think its new support will be if it drops?
hank you for your information.
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