BTC - we failed to break our resistance line => Drop

in #bitcoin6 years ago

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

The several tries to break our resistance line at 6830$ failed. These several fails created a powerfull break out as it can happen sometimes. This break out has break several support line in just some minutes and I don't think it is already finished.

We have a major support line around 5800$. Let's hope this line will hold the 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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I am coming to the feeling that the big money is manipulating it all and taking what they want out. They have all the money and power to do anything they can think of. Do you really think that they would let us win anything at all? We are all under their thumb, and all our hope is going down the drain...

Yes, exactly...Unlike tangible assets, crypto is like holding air....It's a big helium-balloon with either a small deflation OR...Pop goes the weasel...lol...

It's is not for people wanting to sit and just let their money 'grow'. The investor has to have the yen/energy to strategically play chess with various assets.

Crypto is not based on the amount of sales; whereas, Wall Street, i.e. Amazon's ROI can be calculated with many variables, both long and short term.

Peace.

May the best man win...

'best'

That's not exactly scrupulous in crypto terminology...lol....

Peace.

might drop below 6k that would be the first time this year. ouch

We were below 6k in February though briefly

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