BTC - Support line broken - Bears are taking the lead

in #bitcoin5 years ago

Hello all,

Here is the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

The Break Out announced yesterday happened and unfortunately, it is a drop break out. We are currently testing a support zone around 3600$. This support is very important as it was the previous low. If we break it now, it could be the start of a new bear trend to try to make new lows... so let's see the result of that test.

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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I think btc is done with wave b of b and is going in to finish wave C at the 78.6
"The reason for these sudden pumps and dumps is likely to burn margin traders, whether short or long, by manipulating the market. While some believe that this is done by the exchanges themselves — which is entirely possible due to the lack of regulations — this might be related to large crypto traders"
thanks for ur complete analysis

What value is at 78.6?

The Bears?! Ohhh NO!...:)...

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