BTC - Volume decreased - Sellers came back

in bitcoin •  8 months ago

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

We almost reached my objective of the resistance line in violet but the volume became so low that the sellers came back powerfully. I warned you yesterday that with a volume so low, we have a high risk of pull back. This is what happened.

Is it the end of world? No but we will have again to wait that the buyers come back and try to reach that resistance line in violet. I don't think that we will have to wait long time because this is the third time that the sellers are trying to go lower and the 2 first times they failed. Let's see this time, perhaps it is their last chance to do it and the possible real start of the UP 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.

BARRE STEEMIT.jpg

You would like exchange your cryptos with the lowest fee possible ?
With my daily exchanges of cryptos, I can recommend you the platform Binance

BARRE STEEMIT.jpg

CryptoPassion-Bannière.jpg

BARRE STEEMIT.jpg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I upvote you. because i like it. hopefully we become good friends. visit my blog

Nice chart to understand the current situation. Thanks @cryptopassion

Great post, resteeming...

You always have great posts and predictions @cryptopassion. Thanks for the great work posted here and thanks for sharing :)

Agreed, third time lucky to bounce off support. I only say this due to the healthy consolidation we've seen in the past week. There hasn't been an volatile jump north that's been rejected which is good.