Hello all,
The BTC is progressing inside an UP trading canal :
We should see the BTC staying in this canal several days but we will have at one moment also a Break Out.
- If we break the resistance line (upper line), we should see an acceleration in the UP trend.
- If we break the support line (bottom line), we should see an important correction taking place.
Keep an eye on this trading canal and use it also to place your stop and secure your profits.
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.
Version française ici : [FR] BTC - Progression au sein d'un canal de trade haussier
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now the BTC as usual up and up and touches to the sky.
This comment has received a 22.22 % upvote from @kittybot thanks to: @babarrajo.
Good information sir thanks
good post @bijoy123
Thank you @cryptopassion I follow you daily for giving you valuable information
The resistant line offers a good trade signal for the pro traders.
Good suggestion,your personal opinion is right.
I am trying to understand how all this works, but thanks for the info
steemit
steemit
You have to love when things get to a crossroad....
It is actually a traders paradise. Anytime you can break the moves down to two options, there is a high chance of success once the market decides which way it is going. Sure there could be fakes, that is why nothing is guaranteed or 100%. That said, you really are helping people by nailing it down to the two greatest possibilities.
And with BTC, it tends to follow one way or another....it tends to avoid the sideways moving option.
it seems unstoppable, hope it will go flat
It is curious that Steem seems tk follow the same trend these days!
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Thanks for posting info on the technical aspect of trading. Love learning more about this.
RSI levels are too damn high to take a safe long position on Bitcoin right now (although there is still room for the price to go up to a RSI level around 95. A major correction, likely going to 7000 euros (sorry, I am not working with dollars) or even to 6500 euros will probably happen soon. The price will find strong supports at those levels and only when it breaks through 6500 there will be a real mess. I am expecting the price to return to a bullish movement from those support levels though.