BTC - Correction paused with a little reversal - Drop should continue soon - Update

in #bitcoin6 years ago (edited)

Hello all,

As announced this morning, we were doing a reversal but the drop is already back :

BTCUSD.jpg

As you can see in the red circle, we have a "Gravestone Doji" for the candle. This is a very bearish candlestick pattern, so be sure that the drop is not yet finished....

As I'm saying it since days now (check my previous publications), my first objective is to touch the MMA13 but I think we will go test also our support line in orange.

If the drop is powerful, we should test also the second support line in blue. A break of this line will create a short term bear trend on the BTC.

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 - Correction en pause avec une petite reversale - La baisse devrait reprendre sous peu - Mise à jour

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@cryptopassion People should not sell their coins before hard fork because there would be an another fork that would extend the price of BTC

Hehe, people are the ones who will decide for their BTC. Tbh it is hard to know was is the best attitude. Imagine that the fork will create problems with BTC and BTC segwit2X, we could also see a drop of the price for both.

It is the responsibility of everybody to take a decision but I'm not yet sure what is the best.

I have very few money invested in Bitcoin right now, I've done this just as an exercise, and I already see it losing value... Hope it will not cross the support line!

Yes definitely they will take decisions by themselves i m just presenting my view @cryptopassion

hi ever body
To investors in the currency market here are some tips that may avoid you big loss and give you a lot of profit

1 - Avoid margin buying and short selling because the burden of losing it exceeds your capital and lead to bankruptcy if you missed your expectations.
(Do not trust your expectations very much, because they may let you down)
2 - Do not believe the rumors, because the effect is imaginary and not real.
(Rumors of how much money was wasted, and lost of times)

3 - Do not risk everything you own, when you decide to sell or buy.
4 - Do not rely on one income method, invest to create another source of income (do not put eggs in one basket)

very smart advices ! Thank you.

I think were gunna keep going higher right up to the fork!

So the drop means that people want to sell their BTC before the Hard Fork? Isn't that a little bit strange. Since keeping your coins until after the fork would reward you with 'free' coins.

reward, may be not worth after all, if btc will instant drop after hf

Thanks for this great piece 💪

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