BTC - Very hard to predict a direction now

in #bitcoin5 years ago (edited)

Hello all,

It is becoming very difficult to do a correct prediction for the bitcoin :

BTCUSD.jpg

I would recommend you to be very careful if you want trade it now. It is possible that we try to test again the upper resistance line in orange but we could also test the support line below in blue. So yeah I think I will stay passive on the bitcoin during some days and wait to see which line we will break first.

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 - Difficile de prédire une direction

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Interesting days ahead. 2 hardgorks, unclear signals! And typically I am away. Probably for the best I suppose. I would only make trades I would later regret!

Thanks for the review. Bitcoin is now unpredictable, really. after that huge jump, it's like numb and don't know what to do.

Agree

I would recommend at least HODLing until the November fork and new coins are distributed. After that I can see a massive flow of money out of bitcoin and back into alt coins. but who knows, a few weeks and we will find out

Agree with you

Maybe hard to predict short term, but easily predicted in long terms. Very highly lucrative investment. Anyone can see that, plain and simple.


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