BTC - Support line broken - Scenario 1

in #bitcoin7 years ago (edited)

Hello all,

Yesterday I was explaining you 3 scenarios possible in my publication : BTC - Testing the support line since hours now

The scenario number 1 was the good as we broke, little time after, the long trend support line :
BTCUSD.jpg

We are now clearly in a short term bearish trend and my next objective is the red line that I put on that chart which is the previous low.

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 support cassée - Scenario 1

BARRE STEEMIT.jpg

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Calling @originalworks :)
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Nice, you got a 44.0% @trafalgar upgoat, thanks to @cryptopassion
Want a boost? Minnowbooster's got your back!

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Completly agree, we are due a healthy correction in the price.

I've started my own weekly analysis of Bitcoin here. Let me know what you think.

https://steemit.com/bitcoin/@cryptopsy/bitcoin-analysis-retrace-after-new-all-time-high

I am very upset. Some week ago I invest in a site. But they scam.

I knew it will be scenario 1 haha
Again right on spot.
What will be the second red support line if BTC breaks this one at 5.2K$?

You are right, things are looking rather bearish right now..but it really doesn't come as a surprice, it was bound to happen after the fork. In my opinion, we are going to see another rally soon, towards the next fork. And hopefully, it is going to last this time, because Segwit2x is a much better product! It is not going to fail like BTG!
Just my opinion. @cryptopassion thanks for a great technical overview!!!

As always thank you my friend

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Your post was resteem by Whale ResteemService @booster007

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All the best!

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Ywa will go down alittle and than up up

nice [email protected] and upvote u hope u will do the same

Wow!! Great post!! Keep posting such posts good luck!

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