BTC - Consolidating under the resistance line - UPDATE

in #bitcoin6 years ago (edited)

Hello all,

This morning I was telling you to keep an eye on the resistance line on the BTC and wait that we reach the levels around $7850 to see if the market want continue the up trend.

Here was the chart of this morning :

BTCUSD1.jpg

Here is the current chart :

BTCUSD1.jpg

It is done my friends. The resistance line is now a support line and it will help us to make a nice new high.

I hope you followed my advices and you took some long positions at $7850, it was again an easy profit !

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 - MISE A JOUR

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8140, new ath!

Indeed my friend !

On my chart H4 the resistance line is at 8305.I set TP at 8300

where do you think it will next stop? My opinion 10 550

Some big boys on the market they say that until December 15th will see 15 000.well see ...until then It's just speculation.

Hehe for sure I will love 15k but yeah from a technical analysis point of view, 10k is the more the nex stop. Let see!

I have a feeling it’s going to keep growing until early Tuesday or Wednesday. It doesn’t stay at it’s highest point for long

Wall Street is ready to get on the boat, exciting times ahead

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This is the kind of content that keeps the community alive! Great post, will follow.

What a fun ride it is!

Great analysis, thanks for sharing

Is the double top scenario out the window now?

Not yet 100% sure. We have to wait the coming hours if we don't have a sudden drop but yeah we have more probabilities to make new highs now. Just keep an eye on the support line (red line), we must stay higher in the coming hours.

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