BTC - Consolidating under the resistance line

in #bitcoin6 years ago (edited)

Hello all,

Here is a small update about the BTC.

BTCUSD1.jpg

We are consolidating just under the resistance line since 3 days. I sold all my long positions on the BTC since the first red candle and I will wait that we break that resistance line to buy back some positions.

Don't forget that the Double Top stays valid till we break that resistance line. So there is still a risk that we do a major correction in the coming days if we are not able to break it. This is why I secured all my profits and I'm just waiting to see if we will be able to do a new high or not.

An entry point around $7850 is for more me a nice idea as it will show that the market want continue the up trend.

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 - Consolidation juste en dessous de la ligne de résistance

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Btc bull trend is over. I think the price will fall.

Your updates always provides us some quality knowledge thanks for this.

@cryptopassion In your perspective, which will be the next stop???

price dont seem consistant

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