BTC - We are testing our long term downtrend support line
Hello all,
Since several hours, we are on our downtrend line, trying to break it :
We have now 2 scenarios :
- This support line will create very soon a powerfull bounce waiting by so many people
- This line will be also broken and we will have a crash on the BTC
What is my scenario? I'm in favor of the bounce and this is why I'm currently buying back some BTC via different positions :
- 6200$
- 6000$
- 5500$
- 5000$
- 4000$
Is it the end of the BTC? I don't think so. It is a very big correction but we had also a very big increase... never forget the positive to focus only on the negative.
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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6k bottom <<< Dont panic everyone. The market will bounce back! When we were hitting 20k everyone was shouting for 40k 50k 60k! Now we had a correction to 6.2 k and everyone is shouting 3k 2k 1k. Its just nonsense to spit out unnecessary high or low numbers. :)
The lower we go, the higher the upwards pressure gets
We are still up around 6x from this fine last year. Yes the crash has been huge but so was the run up. Things don’t go up forever! We will recover but it won’t be immediate.
btc full crash wht is next
I think we will hit 5500$ and start to go back up again at this point.
What I see is a quick walk below the uptrend trading corridor.
I have a feeling we might see a little more downside as well. Good T.A. I appreciate the post.
However, even though there might be more downside, I am picking up what I can at these prices. This is just too great of an opportunity to miss. I don't need to catch the absolute bottom, but in 6 months when btc flies past 20k I will pay myself on the back lol.
Good luck to all!
Does this bitcoin thing going to be stabled soon ? because im getting confused over time .. it goes from 20k to 7 and dropping .. i dont know :/
Maybe you should stick to FIAT - it is steadily going down year by year. At least some stability. 😂
i just bought a bit more too -- great price
It’s literally like a rollercoaster ride . We are just taking a fall down and at the end where the right ends to start all over against to the top
Seriously it can go up at any point of time. But u never know it can go down and crash. Crypto currency is what it is. I suggest you people to spent only what you can lose.thank you. Cheers
pleas follow and votes me :)