BTC - We are back in the play
Hello all,
Here is the chart of yesterday :
Here is the current chart :
As I was explaining yesterday, one scenario was that this break of the resistance line in violet was a fake and that we will come back quickly upper of that line. It just happened some hours ago as you can see with this green candle. So the objective is now to go test the resistance line at 6800$ again. We really need to break this line to have a Up trend ! Go Go !
I wish you massive profits,
Cryptopassion.io
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68 K., resistance line:)
Thank you for sharing
watch the descending triangle here. That's the real key on how far and which direction prices move. Check out my analysis on it if you're keen to see my view based on the daily chart. Could help navigate the upcoming move. https://steemit.com/cryptocurrency/@technicaltrader/bitcoin-btcusd-the-only-pattern-that-matters-right-now
thanks for your analysis. What about volumes? Aren't they a little too low at the moment, to break the 6.8k resistance line?
Hello, we will need for sure more volume to be able to break it. But the low volume that are having is very usual before a Break Out. It is a kind of consolidation beofre the next jump.
makes sense to me, thanks