BTC - Down Break Out

in #bitcoin5 years ago

Hello all,

Here is the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

So we were all waiting for the break out on the BTC, it happened but not in the direction expected by owners... So we had a drop Break Out and we are going in the direction of the support line around 3600$. Let's see if we will go test that support line or if that drop is again a trap from the market.

I wish you massive profits,
Cryptopassion.io

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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.

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its a bear trap

Indeed, a new trap from this market, we are upper than the 3800 line now. Nice !

Is 3100$ the bottom or we can get even lower?

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There is no bottom yet, we are too closed of it to say we won't go lower. We have to wait my friend to know if it will be a bottom.

Thanks for the replay i hope you are right.

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OK. So what is trap all about?

Hehe you received the answer indeed and it is the case, make a sudden drop, like that weak people are afraid and see because they think it will continue to go down and when buyer have bought everything, we go up. The market is like that since weeks now this is why I was talking about that scenario also.

Hehehehehehe!!! OK. So am not selling, so they can continue to set traps. 😀😁

about to scare weak hodlers to sell

indeed its a bear trap.

Thanks for the yesterday chart. Very informative. Thanks @cryptopassion

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You welcome my friend. I hope you enjoy these information.

Yes, sure and am so happy I added you and followed you. I want you to please follow me as well so I can enjoy your blogging more.. Thanks in anticipation @cryptopassion. Much love 💕💕💕💝💕. I have some questions to ask you if you don't mind please. Are you on twitter send me message on matthewtonyit. Thanks.

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