BTC - The resistance line is still blocking us

in #bitcoin6 years ago

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

We are staying just under the resistance line in purple around 6500$. As you can see, we are testing this line since several days now but we don't have the volume needed to break it. The only positive thing that I can see is that even when we have a correction due to all these fails, we start a new up just after to come back in contact of this line. Are we trying to start a bull trend at short term? It is possible if we are able to break that line soon. If we continue to stay just under, please consider these tries as a consolidation before the next 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.

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We are going through a good path, this news is good news, this consolidation is important for a future outbreak

crazy we can't make no money from that bitcoin thing

Money can be made, but its not through just looking for a huge spike. It requires more subtly than that.

I hope we break that resistance in the recent days. Thanx for the TA.

Hello Can this be a strong year?

Until new money comes in, any resistance to the upward trend cannot get broken through. But maybe Tether will do the magic again before the year ends @cryptopassion

if we just look well in the chart , i think that we have two possibilty , the bad one is if btc down thats mean will down to 3k or 4k ,to the first resistance if we look to the full chart .. the good one is to up until 9k to 10k and down again to 7.5k or 8k . all that i say now is a prediction of one to two month next. +im only student so i write that i think and thanks.

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