BTC - Will we try to break the resistance line at 9400$

in #bitcoin4 years ago

Hello all,

Here is the chart of my last analysis :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

As explained yesterday, we are still in the trading canal between 8900$ and 9400$. However, it looks like the market would like to go test the resistance line at 9400$. Be prepared for an accelration of the move if we break the resistance line but also if we break the support line. Why? Because many traders are waiting that the market breaks one of that line and they put automatic order to buy or sell if it happens.

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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