Hello my dear followers,
I think we are approaching to a short term bottom before a go up.
The BTC has difficulties to continue his drop and it is possible it doesn't even touch the resistance line before a go up :
Now to be honest with you, there is also a second scenario. Look that pattern in red :
If we go touch the resistance line that I traced yesterday, we have a beautiful and almost perfect Head and Shoulders which is a very bearish signal...
So yeah, I would like to see the BTC price starting to go up from now or we have a high risk to see that second scenario confirmed.
Take care all,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to loose. 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 - Ligne de support cassée - Nous sommes près d'un plus bas à court terme ou alors...
Thanks for sharing the nice TA @ cryptopassion!
As per my view, bearish reversal has been formed, so down side seems to be obvious. This signal is good for short term traders as they earn good money now.
Thank you for your sharing
This post is upvoted by Polsza for 93 %.
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Thanks !
@polsza great job and I upvoted to try and help you out, but I'm only a minnow and don't have much Steem Power yet. Carry on the good work my friend :)
**@cryptopassion got you a $6.37 @minnowbooster upgoat, nice!
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As always, you can never be sure, the best we can hope for is a well educated guess. If you have time, would you take a look at my blog post analyzing the price of bitcoin through the years. Up-voted and followed. Thanks :)
that is good that you are honest with the second scenario, but that is only good news, that mean we can buy some more :) good work