BTC - $10.000 broken - New ATH at $11.400

in #bitcoin6 years ago (edited)

Hello all,

The BTC broke the $10K level that we were discussing yesterday :

BTCUSD1.jpg

So this is the second scenario that I was suggesting yesterday that exactly happened :
-We broke the $10k line and we had up created automatically by all the buy orders which were waiting (red circle).
-After a touch on the new support line at $10K, we used it to start a new up and make this new ATH at $11.400.

I think really we should see a healthy correction soon because we are increasing too much without consolidating enough.
I think the next correction will go touch at least the MMA13 and even the MMA50 before continuing the up.

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 - 10.000$ cassés - Nouveau plus haut à 11.400$

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everyday a new ath!

Great article, buddy. Yes, I agree that a correction is well and truly due, however let's hope that as it retraces, not too much FUD starts to spread and people begin offloading their positions en mass.

I wasn't left with too much of my Bitcoin investment, having booked profit on my way but just sold my final piece at $11,150...it was less than $10,000 yesterday and it's jumped up in a day, even I feel that a correction is long overdue. Will buy when that happens. Thanks for all your guidance and tips.

Very nice comment. Thank you for the share

When the rally started at 5500 so many have waited for a correction since then. It has tested 7400 and 8200 levels for some time. But the correction didn't happened. Once the rally started at 8200 it hasn't turned back. We faced little bit resistance at 10000 level. But 3rd resistance level breached. It means support levels have a huge margin for a 20 days period. At this levels we should not consider 60-dayand 90-days period which is out of picture. The picture lies with in 20-day period.
R1 - 10941.
R2 - 12779.
R3 - 13941.
R4 - 15103.
S1 - 9102.
S2 - 7940.
S3 - 6778.
S4 - 4939.
So the picture is clear. There will be strong support at 8k levels even if there is strong correction. Won't be expecting to break that point.

Thank you very much for your analysis

Bitcoin is bombing everywhere. Nobody can stop it

Nice very nice post i like it & up voti

You are very skilled at work. And you have made good observations.

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Bitcoin always jumping that is increasing @cryptopassion 👍👍

A correction is long due I always agree with you, the price has been rising dramatically. The altcoins might see a significant rise in price after bitcoins correction.

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