BTC - Break Out from the triangle - Bearish Continuation ?
Hello all,
Here was the chart of yesterday :
Here is the current chart :
As I was explaining you yesterday, we were having a triangle in formation during the consolidation phase.
We had a small UP Break Out and that Break Out allowed us to go break the MMA13 and go touch the MMA20.
We just touched the MMA20 and we have now a DOJI in formation on the last candle. As I explained many times, the DOJI is a sign of hesitation or a sign of change of direction.
I expect that the drop will come back soon to the do a bearish continuation. The important point will be to see if that drop will stop again on our support line around 8370$ or if we will break it. Let's see what will happen in the coming hours.
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.
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This drop has come in a great time. Just before consensus. Clearly not a coincidence, you can see how easily they manipulate the market. Get your position ready, we are close to lift off.
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The crypto currency markets experienced a downturn or a slit dip this past week as a result of the news concerning the police investigation of the popular South Korean exchange. Never the less experts believe that it will make corrections and continue upwards as soon as the investigation is over.
Also a rising wedge which offers a short trade opportunity