BTC - Pull Back still in progressed
Hello all,
Here is the chart of yesterday :
Here is the current chart :
Today, the BTC did a second pull back on the resistance line at 10500$ and the drop started again just after. It looks like that the resistance line is rejecting us each time and till now, it is confirming my scenario that we should go test the support line at 10k$. Let's see which line the market will break first, the support line or the resistance line? What is your opinion?
I wish you massive profits,
Cryptopassion.io
Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you 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.
.gif)
.gif)
I think direction is very hard to predict in this sluggish environment...at this point volume is almost the same, both in the red and green candles...look like a couple of big traders are just trading back and forth...making it impossible to predict the general direction..
It is indeed the case and we can also consider these moves as consolidation before a break out which will be a major move in one direction