BTC - Reversal still in progress - Testing of the 2 resistance lines
Hello all,
The reversal is still in progress and we are testing the 2 resistance lines from our long term triangle :
Even this triangle is not anymore to take into account for a break out, the 2 lines from it are still solid resistance lines if we are lower or support lines if we are higher.
So we already broke these 2 lines earlier during the day and we are now back on the first resistance line. It would be nice to be able to finish the day higher than these resistance lines. If it is the case, the next objective will be the previous top so we could easly see the BTC having a nice UP in the coming days if it is confirmed.
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 - Réversal toujours en cours - Test des 2 lignes de résistances
I don’t think the bitcoin war is finished already, last night the pump of bcash was HUGE, I don’t think bigger blocks are going to be a long term scaling solution though, plus, bigger blocks = farewell decentralization
I'm hoping BTC drops to the mid $5000's. I'm looking to pick some more up.
Bitcoin will come back, but panic is what investors like myself love. That way, you may capitalize while others waver...that's truly where the big money comes in. :)
If people should have learned anything from the recent years. Is that patience pays off. Even if you start at the worst possible time.
I agree. I made some rookie mistakes when I started back in July and had almost all my money tied up in bitcoin that was falling quickly. I waited it out and managed to make over $450 my first month. You can't get emotional with trading.
Emotional is the most difficult part in trading. The trading is not so hard but it gives you only indicators and sometimes, it won't go in your direction and this is at that moment that the emotional part is coming. Good luck, with the experience, you learn to deal with it, at least most of the time hehe
yup. the swing trading opportunities are great, just make sure everyone to get out before bcash really dumps.
My question: 10k BTC before 2018 is it possible? :)
For sure, I think now that everything is possible but yeah a bad scenario also so stay careful
Very nice work .. Thank you ..
Great analysis buddy. Hope to see BTC to the moon :) . Upvoted and following u as always.
Regards Nainaz
#thealliance
Thank you my friend ;)
BCH will attempt another pump and dump to lower BTC as they slowly coordinate a takeover. Lets make it fail!
What about parabolic pattern?
Look at my last post, I'm interested in your opinion.
Since the #BTC correction is not yet complete and the approximate targets for 4000/3500 are expected to re-grow the #BCH #targets are #indicated on the graph.
Amazing post. The way you applied colour in your trading analyzes is aesthetically great to look at. Some sort of graphic design beauty. Love graphics, loved it.