BTC - Testing the upper resistance line of the trading canal

in #bitcoin7 years ago (edited)

Hello all,

As foreseen this morning, we are now testing the upper resistance line of the trading canal :

BTCUSD.jpg

If we are able to break it, the next objective will be to go test the previous high of the BTC.
So be prepared to have a powerfull UP if we are able to break that line.
I start to be confident that we could have a nice end of year.

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 - Nous testons la ligne supérieure de résistance du canal de trading

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According to my 1h chart the resistance is about $16000. Today BTC was trying break it 3 times. I think that if the price achieve about $16500 then we can have more rise but if he will not break the resistance then we will have bigger correction.

I hope that he will do it!

Yeah a triple top would be a bit nasty going into 2018. Especially considering the sell offs for tax reasons.

Yeah, exactly! Think we are going in correction. Check here why!

What if BTC is in the bull trap right now? Then could this be the back to normal fase?

Strong resistance right there, need some strong pressure bulls need to come in and join the rally to the previous high if it breaks $20000 mark then $30000 is not far away by any means. #goodluck

I think we'll break it soon!

hello good morning friend

Thanks For Your Personal Opinion, trading canal is nice,
@followed and upvoted with resteemed

Bitcoin will break a new record...

Hy my brother do you want to upvote my blog this one.I hope my brother want to make me happy in this day.

https://steemit.com/news/@hilmi/between-yearning-and-grief-families-of-tsunami-in-aceh-345b7cc6cbca9

Way to go bitcoin!!! I can't really bet on what direction bitcoin would head so soon. I'll exercise a little more patience before I resume trading. Good luck to anyone trading right now.

follow me and vote me dear thanks.

Great opinion. I am new please follow me and vote me thanks@cristi.

If it doesn't break it, then the probability of it going below $10k (to $7k) is quite high. It will be quite a bargain at those prices then.

hello steemians ! my name is Toyo Israel i blog about life, adventure, africa, animals, bitcoin, blockchain, christianity, comedy, steemit, love and inspirational quotes and lot more you can follow me @giftedwords to see all my latest post don't forget to upvote and comment. in return i will also upvote your posts and comment on them!

It sure would be awesome if it go up again! Thanks for the insight!

Note that the US price and Global price are very different today with South Korea trading with upto 30% premium! For anyone unaware usually it is only 10-20% higher, so SK is driving the price above 20k while US price is struggling to break 16k. SK is around 10% total BTC volume.

Fingers crossed!!

I am so impressed with the way you always explain the canals and resistance levels. I am learning crypto though I have some experience in normal stock analysis. I recently found that Fibonacci levels are really applying well to Bitcoin price crash and corrections. I request you to take a look at my latest blog about that and guide me. Your feedback would be very valuable. Thanks. Upvoted full through Steemfollower
Regards,

@vm2904

Excellent content, nice job. Thank you.

how do you predict the development of bitcoin in 2018 in the future.
whether the price will go up or down? @cryptopassion

I'm mining with Hashflare (cloud mining bitcoin) https://hashflare.io/r/13062913-1
and trading on Binance for altcoin https://www.binance.com/?ref=11789561 ! :p
made a lot this year :3