BTC - Down Down Down BUT look that downtrend line

[cryptopassion]

Hello all,

Here was the chart of yesterday :

Here is the current chart :

Look that so powerfull downtrend line that I traced you. We are testing it for the 5th times.

The key is there my friends.

Look closely that downtrend line. If we are able to break it within the current hours, I think we will see happening a nice change of trend. If that line stays strong, be prepared to see the drop continuing...

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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Comments

[rollandthomas]

Agree, if price can close above $8600 (yellow line) and break the daily trend line, that will be the first signs of a reversal.

The next milestone before moving higher would be to clear out the sell orders at $9250 (green circle) on the 4 hr chart.

If this happens, look to go long on a pullback back to $12000.

[hotsauceislethal]

I sold all of my positions from the past few days and am going to reset at a lower bar. Until confirmation to the upside I believe we will be in a much longer sustained downtrend. The SEC investigations are putting way too much pressure on ETH and other token markets. Uncertainty is the one thing that Bitcoin markets hate!

[thomasinfo]

I don´t see any fundamental reason why this downtrend would reverse. You have any idea?

[yannickbromme]

Lightning Network beta could be successful, people will realize that blockchain is the Web 3.0, G20 Summit announces collaboration with the decentralization

[hedge-x]

Dapps will be the biggest disruption in modern history. Like you said Web 3.0 which dapps are the backbone of it.

[lucidlight]

Thanks for the analysis. Looking forward to the bounce back!

[rubelrahman]

now what are we do?
we are helpless. hope BTC will be back strongly as soon.

[lorner]

Yes i hope so in from philippines

[lorner]

Thanks for this information @cryptopassion yeah your right.

[autofreak]

If that line stays strong, be prepared to see the drop continuing...

I do not want this to happen, ama have to hodl my position.

[oredebby]

This disclaimer got me

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.

Very true... One should always take calculated risks, prepare for the worse and hope for the best. Thanks for this @cryptopassion

[goldmine2018]

Sleeping? Hit $8200
https://steemit.com/bitcoin/@goldmine2018/i-keep-my-promises

[kofibeatz]

I'm feeling your passion in these charts even though I'm still in a learning phase..

[reginayvette88]

i had to laugh when i saw this .... that has got to be the straightest line i have ever seen ... i still have faith tho :)

[tomdom]

I'm afraid the downtrend will continue until, the market will somehow attrack new ppl... just look at the 24h volume arround 15 bilions

[semy]

I feel happy in your graph,
I like and I really support it,

[izge]

I wish that this nice of trend happen quicker than soon really. Thank you from the information and encouragement.

[xeniaioannou]

I think we may have broken the down trend line since writing.
I’m enjoying the down trend - buying more

[hotsauceislethal]

We need to get back above the $8500 and then $9K zone to be in a true uptrend if you ask me.

[dragononcrypto]

$6k here we come, just make sure your buy orders are ready ;-)

[bitgeek]

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[mzmz]

Maybe we would see some kind of fight happening when the price of BTC drops to 6100 USD area for a retest of the Feb 6th low. Prior to that, we would probably see a continuation of the trend down

[daniel28]

La tendencia bajista del BTC es muy clara, en estos momentos el mercado se encuentra lateral. y por debajo de la MEDIA DE 200

Por ahora no veo señales claras de un cambio de tendencia.