BTC - Sitting on the line at 7625$

in #bitcoin6 years ago

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

We can consider that our resistance line has been again broken but the problem is also that we are sitting again on that line, exactly like some days ago. When we have this kind of break, this must create a break out and we must see a more important move. The fact here that we stay on the line is not a good sign and it means that we still have to wait a break out which can be in both direction.

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.

BARRE STEEMIT.jpg

Are you looking for a user friendly way to exchange your cryptos in £, $, € ?
Do you want them spendable directly via a dedicate Visa card ?
You prefer a quick transfer on your bank account ?
I can recommend you the platform Wirex

BARRE STEEMIT.jpg

You would like exchange your cryptos with the lowest fee possible ?
With my daily exchanges of cryptos, I can recommend you the platform Binance

BARRE STEEMIT.jpg

CryptoPassion-Bannière.jpg

BARRE STEEMIT.jpg

Sort:  

BTC is becoming unprofitable to mine. This could account for the very low volume. No one will sell if they can't make a profit. It will have to either die or go up.

Thank god it is Friday. BTC likes to be free of the equity markets.

Thanks @cryptopassion always with a very successful analysis

i agree bro thanks for Analysis

That looks like a very bullish chart to me, because of the quick ups back to the trendline right after the downs below it. But I've been wrong before. Trading and TA have taught me that I can't tell the future. Then again, I know BTC will be way up in the future, I just don't know what path it will take to get there.

I started to folloe you. I really want to learn how to do technical analysis but I feel so lost. Immersion should be a way to pick something up.

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70734.57
ETH 3561.52
USDT 1.00
SBD 4.75