BTC - Testing the support line since hours now
Hello all,
Since my publication of this morning, we continued to test the support line but we haven't been able to break it :
I drew you 3 main scenarios that my Technical Analysis is giving and all of them are bearish :
- 1 We will break soon the the support line in blue after all these attempts
- 2 We will use the support line in blue to go test a last time the resistance before the final drop
- 3 We will use the support line in blue to go break the resistance line in orange, make a new High for the Bitcoin via a Head Fake and start the final drop.
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 - Test de la ligne de support depuis des heures
I feel like the most likely scenario (in order) is 2, 1 and 3.
My hope is that 1 or at least 2 will happen, hopefully not 3.
Am back to betting on altcoins with the hope of a BTC crash like others today!
Scenario 2 and 3 would allow to the altcoins to take some increase before the drop of the BTC.
To me it's 2,3,1
1 is very unlikely at the moment. I'd say we'll see ATH before the next pointless fork before everything goes to hell. Governments are also trying to ruin it for cryptos. Lots of dumb money will make BTC crash. There is a bubble growing in every financial sector. by 2020 governments will have no way to keep people from buying crypto.
That's an interesting perspective. I also think there will be another ATH before the next fork, but that it will take direction 1 before getting there. Excuse the self-selling but like this is what I mean. It serves the bears and the bulls in the short-term I think.
PS - for anyone else, ATH = all time high
Upvoted and followed you. I couldn't read the numbers properly and I didn't opened the chart in a new tab. I called 2 or 3 on a mid-term scale where BTC is bound to make another ATH before the fork and then take a massive dip. I doubt BTC would go below $5000 before that. After zooming the image on a new tab I must say I agree with you.
thanks for sharing this post...
thanks for it,,,
Hi cryptopassion and others dear collegues. I just drew support line (yellow), maybe bitcoin will be near this line for some time. maybe or .. not))
Awaiting for the point from where BTC will start to grow...Thanks
We have S2X, coming up think that could drive bitcoin up like bitcoin gold did?
Para la grafica de 1 dia por vela aun falta que baje hasta los 5200 $ para una Correccion
del 38.2%