BTC - Pull back on the previous Top 4h

in #bitcoin5 years ago

Hello all,

Here is the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

I like this kind of pattern. Why? Because most of the time a pull back on a support line like this one will make a continuation of the started trend. So here, it is really positive for the BTC as it could mean a continuation of the UP. Let's see now if we have very soon a nice green candle to confirm this pullback and the bounce from the support line.

I wish you massive profits,
Cryptopassion.io

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Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you 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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Nice to be above 9,1K$ and holding! 10k$ might at last become true this week! But then the test around that area will be decisive. Some traders are waiting for a strong correction if the 10k$ don't hold / break.

Yeah we need to break the 10k to show to the market that we want start a new bull on the BTC. We have a high risk to fail at first attemps because this resistance is quiet powerfull

Yeah true. As far as it stays above 9,2k$ and make several attempts (like the ones between 7,5k$ and 8,2k$ to break the resistance) to finally breaking it I'll be happy.
During that time alts could follow the rally and make some nice rises.
Having the BTC above 10k$ during summer would help to have nice holidays ;-)

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