Hello all,
Yesterday, we were testing the support line of our trading range and we broke it during this night :
As expected, the second support line has been tested but helped us to stop the correction as we just touched it and go UP after.
We must be carefull now, we should continue to move inside the trading range canal and try to go outside of it via the UP or the DOWN.
If we break it via the DOWN, we should see an acceleration of the correction and go back in the levels of 10-11k$.
It is perhaps the time to secure a part of your profits if it is not yet done.
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 - Première ligne de support cassée - De retour dans le canal
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thanks for the analysis. When I first started buying cryptocurrency, I wanted to trade the highs and lows of the falling price. The problem is that I'm not staying on top of the crypto markets to catch a good price. I have my alerts set now and I'm ready for the next drop.
And is wise not to buy your position at once. I always buy gradually and try to reach good middle value.
Can check my analysis here, I be glad ti get some comments.
Never go all in or ATM. :P
No need to panic, all ships have the built-in capacity to sink more than 10.000 meters ! Said the captain of the Titanic upon hitting the iceberg - "holes in a ship's body are merely a healthy correction of the builder's oversights !" While the band was playing in back.
But seriously, though nobody had expected this before Christmas, the market was overbought and by imbeciles at that, who are now all out investing in designer candles at the shopping mall...
Roger Ver's skilfully executed Bitcoin Cash marketing presented us with a nice end-of-year scare, and we all know it was worth it, so that we now have another altcoin that can do stuff marginally better and cheaper...
Who wouldn't pay a lot of money for that, see the entire crypto market decline and sacrifice the chance of seeing their earnings increase by another 20% this year?
Thank you, Roger, for being an essential Guru since Mt Gox !
In another vein, I was cautious enough to "panic-sell" at 17.500 and so I'm looking forward to buying in at 8500 if I get the chance ;))
Thank you for your analysis
Always hope to get as many perspectives as possible
Great analysis, i wont be panic till level below 11k is triggered, but if hit 11k and below, would be panic as that is the start of bear market i think.
if we break with voume 11K, I think yeah we could have a long term decrease.
Thanks for the reply, agree indeed... :(
Looks like we go to 10k :(
It is possible my friend but in every up you have drop.
No panic, it is just normal
It certainly has tested the second support line and as a result all the altcoins are in red.
It’s below my cost price now so can’t cash in profit anymore 😔
By the way, wait and watch and buy more bitcoins if it drops any further.
Great analysis, I think we will be back up after Christmas; families will gather and talk about bitcoin. Same thing happened during Thanksgiving.
Hi @cryptopassion!
I am always on the hunt for technical data (it's how my brain works), so thank you for writing this up. I already have layered buy orders set, but maybe I will set them a little lower after this.
Best future crypto currancy will be steem...!!!
Now bitcoin crashing.....it can down blow 10000 usd$
steem and sbd are crashing too now
All the altcoin are following the BTC. There is nothing new here. Just cool down and wait ;)
as this is a quite normal market development, i am not surprised. every bubble bursts sooner or later, but as long as bitcoin closes 2017 above the mark of 10k, it has still been a very good year 2017 for cryptocurrency.
toujours au top de l analyse technique!! l heure de la big correction tant attendu est arrivé!! jai envoyer la moitié de mon capital dans steem hier!! i ve got the STEEMPOWER!! pour securisé!! merci encore pour ces analyse , et vive la communauté FR
is that good time for a buy?
i think, i bought some, if it go´s lower i also buy some, and so on...
never buy all in one time !
it will rise again, soon or later :)
buy and hold
Bitcoin 20 day moving average support and resistance levels in USD. Currently trading above midpoint ahead of S1. It has come down below 15285 which higher low has breached. We have crucial support level at 10,679. So accumulate 25% btc at above 12982. If it falls below buy 25% btc at above 10679 levels. If it falls below that level buy remaining 50% at 8200 levels. The average will become 10000. Don't go for panic selling now. This is a great buying oppurtunity.
Disclaimer: Analyze yourself before investing as I am not a finacial advisor.
that's great information...thank's for sharing..
upvoted
Merci pour l'analyse
Bitcoin is slowly recovering from acute high blood pressure - hypertension, but condition is still unstable, so it is not yet Uhuru. Interested investors can buy now hoping that the madness will soon return
just buy and hold it for some time
oh... second support line was touched. I already changed my money to cash, but I wish that second support line will be tough.
BTC looks extremely weak.
Feeling a bit like 1929 at the moment
why ?
Because many of the coins are down 30% and in some cases even more. It's a relatively large correction
dec 22.2017 the day of judgment bitcoin