BTC - Testing and Testing our support line at 6450$

in #bitcoin2 years ago

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

We can see clearly that our support line is doing well its role since days now. As I said you, the more a support line or resistance line is tested, the more this line is becoming weak. BUT, if after many attemps, we are still not able to break it, it creates also often a big break out in the other direction. This is what I'm thinking more and more these days.

I think that if we don't see a clea break of these lines in the coming hours, we will have very soon a nice UP break out. That support line will be in that case the low of that correction.

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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So you think we will see a breakout to the upside soon @cryptopassion?

I am betting on UP

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Thanks for sharing your excellent work and BTC - Testing and Testing our support line at 6450$ post.....Thank you very much for posting so beautifully about Bitcoin trending and cryptocurrency,,,,,

Resteem your excellent work

Remember everyone sometimes these Currencies do not follow technicals.
So you must take decisions on what you are getting from everywhere
Mix both fundamentals and technicals and you will be pretty sure what to do?
SO now let us say about the main support...
Immediately a strong support is at 5825$ which is proved to be dependable before but if any -ve news comes it can crack down more faster than you think

it s all about emotions actually...

One said, it doesnt matter in long term, if you buy now at $5k or $6k. It'll be up in the clouds anyway :)

Absolutely It may be in the skies in the coming months(probably)

fearful times...

Great time to buy but I don't think many people have much cash left on the table. Time to get a second job and just funnel that money into crypto haha!