BTC - The 8500$ is still there to be broken

in #bitcoin5 years ago

Hello all,

Here is the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

The BTC is in consolidation mode since yesterday. I traced you on the chart the next big resistance line to break around 8500$. This resistance line is coming from a previous TOP created in July 2018. So yeah we start to attack long term resistance but tbh, I think we need more correction on the BTC before being able to break all these resistances. For me the BTC is not correcting enough and we have a risk to have a bad surprise quiet soon. Let's see and don't forget to put STOP.

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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Looks like we're back under $8,000 again.

Screenshot_69.png

It was expected. We cannot have a parabolic UP without a healthy correction. It will be the opportunity to buy more before the next UP.

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