BTC - The bounce finally happened

in bitcoin •  16 days ago

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

As I was saying you yesterday, the bounce happened and just some hours after my article. I was not thinking that this bounce will be so volatile but it is a good news.

Is it the end of the drop? Really too early to say it. It can be a simple bounce due to all the drops that we had the last days or the low has been done and we have a real change of trend in progress.

We can see now that we are testing the resistance line at 6450$ in pink. The resistance line in orange has been broken very nicely during the break out. I expect that we will use soon that orange line as support to try to break the current resistance line. Let's see if we are able to break the 6450$ because that break would be a good sign for the change of trend.

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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Finally!...

That bounce happened soon after the CME contracts closed. Maybe it was a short squeeze?

Thanks for share Found this article informative

Navratan agrawal
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6450 ... I have my eyes on this, let's see what is cooking in the kitchen of luck for us.

Looks like we still have some room towards the downside, but I would love to see BTC back above $7,500

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in a shorter period, the value may rise slightly, but I still think it will still go below 5000

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That might be the case or it might not be. :)
Good news is good news however you look at it.
I noticed some talking about futures being the cause behind the selloff.
I cant say where the bottom is, if we hit it or not, but im sure we werent far from it.

Hope we continue climbing