Hello all,
Here was the chart of yesterday :
Here is the current chart :
As I was explaining you in my prediction of yesterday, we are going in the direction of the resistance line at 8375$. We should test that line in the coming hours.
However, look how the last candles are small. It is not a good sign to allow us to break the resistance line (green line). We will need much more volume and volatity to be able to continue the UP. If we don't have much more volume and volatility, I don't think we will be able to break that resistance line and so I expect a correction very soon.
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.
With my daily exchanges of cryptos, I can recommend you the platform Binance
I hope we get a small retracement so I can re-enter. Good Luck.
Agree, this resistance line seems to be very strong to break through...
BTC didn't used to be so volatile. It was able to rise on regular volume. I'm hoping that the price action goes back to pre-Dec. 2017 times. I'm not sure that we need a lot of volume to get through 8375. We'll see.
we need this above 9k!
I see BTC breaking your resistance zone, but let's see :)
Wonderful crypto news..i appreciate your post..all the best..
upvote and resteemit.
BTC Price Consolidation
Probability of Next Move is Highly Upwards
Will add more saltiness to MagicPoopCannon and D4rkEnergY Bias :D
Any economics course will teach you that although patterns are recognized and generally followed you still have external and technical factors.
Check Bitcoin's market capitalization, the main trading ideas and forecasts. Can you beat the green lines? if this price action is produced within a resistance zone that significantly increases the risk of initiating long exchanges, which I believe is what I understand is happening now, greetings that this very well
@cryptopassion
Thumbs up!
Soon correction is gonna happen here.
I am fairly new in the Crypto arena, but I have read a few blogs checked a some predictions from a few analysts. I don't like to read predictions that only emphasis on going up and up, because it is not true. A normal growth is up and then a correction.
A few weeks back I found CryptoPassion and I am beginning to like his simplicity and easy-to-follow predictions. He brings the chart from the previous day and compares with what could happen today. Always giving some Resistance and Support levels.
I hope you continue to sharpen your technical analysis and bring the good and the bad for people to make decisions.
I give you my vote Cryptopassion.
But investing can make a fortune