BTC - 2 Support Lines broken

in #bitcoin6 years ago (edited)

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

What a drop since my last update yesterday. So after the little bounce which was foreseen and expected, the market used it to start a massive correction with the excuse of the ETF postpone. Be sure that news like that just come to justify the moves on the market and not the opposite.

Anyway, we have now 2 major support lines broken on the BTC and we should soon go test the previous low around 5800$. Let's hope that this last resistance will hold the drop because yeah if it is not the case, we could see really an acceleration in a panic sell.

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.

BARRE STEEMIT.jpg

Are you looking for a userfriendly way to exchange your cryptos in £, $, € ?
Do you want them spendable directly via a dedicated plastic Visa card ?
Do you want to receive back 0.5% of your spending in Bitcoin ?
I recommend you the platform Wirex.jpg

BARRE STEEMIT.jpg

banner_cryptopassion03.png

BARRE STEEMIT.jpg

banner_cryptopassion_witnessvote01.png

banner_cryptopassion_viaSteemit01.png

gif_witness_cryptopassion02(220).gif

banner_cryptopassion_viaSteemConnect01.png

gif_witness_cryptopassion03c(500).gif

BARRE STEEMIT.jpg

Sort:  

I can see all the support lines breaking

Please how can I read and understand the lines. Am kinda lost with this chart.

Brutal day!

Your article is very good, my game is very fun. https://goo.gl/Dd9394

I hope this correction does not last for long

wow good analysis and awesome concept sir..thanks for share your inportant
concept.

I think now this post should be updated... because now BTC increased

hi @cryptopassion

your innovative idea is good .... your technical knowledge is alos good!!!
Please tell me one thing ETF SEC approved or not have you any news regarding that???

Coin Marketplace

STEEM 0.32
TRX 0.12
JST 0.034
BTC 64647.93
ETH 3160.25
USDT 1.00
SBD 4.09