BTC - Still consolidating before the next Break Out

in #bitcoin6 years ago

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

As you can see, we are continuing the consolidation like yesterday. However, look the blue line that I traced today. We are follwoing this line closely as a support and so a break out should happen very soon. This Break Out will break the green line or the Blue line but for sure we will have a move. Till now the Blue line is well respected so let's hope we will break the resistance line in green.

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.

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The 200 day moving average is coming close too, few hundred dollars. If we manage to break it the sentiment might turn very positive.

Horizontal levelling is settling, now it is time for cryptos to follow the so-called "King" of them all... Thanks for the good data, again.

Namaste :)

We hope to get out of this downtrend sometime soon. This is getting longer than we have anticipated and it's really affecting us as investors.

I think the line of resistance has become weak and will be broken this time

le bitcoin va faire un grand recule ce mois d'aout je pense qu'il va finir a 6000 dollars le prochain mois ^^

The boom is around the corner, to all investors it's time to anticipate it

it's really great post. thanks for your post.