BTC - Break confirmed - Support line at 7650$ tested

in #bitcoin6 years ago (edited)

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

As I was saying you yesterday, we had 2 possibilities :

  • The confirmation of the break with an important drop
  • A pull back upper of the blue resistance line to create a bull wick.

The market decided to confirm the break and we see the immediate effect with these big red candles. The support line in red held the drop as you can see with my green circle and we are now consolidating. Let's hope that we won't break that support also or I'm afraid that the BTC will try to make new lows.

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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That is an ugly drop. Very steep/sharp decent.

Altcoins have fallen further than bitcoin... :/

Everything just going down, can't wait for the good old days to come back.

hope it, too! good luck to all cryptonauts.

Best of luck my dear friend