BTC - We just broke our triangle

in #bitcoin7 years ago

Hello all,

Here is the chart that I was showing your yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

We just start a Break Out of the triangle, but the question is :

  • Is it the start of the real Break Out Down ?
  • Is it a Head Fake before starting the real Break Out UP

BTCUSD2.jpg

Check the coming hours, if we are able to go back inside the triangle and test the upper line of it, we could have a nice Break Out UP.
If the drop continues, we will go test soon the downtrend 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 Bitcoin is falling down again - good time for investment? What do you think?

Don't be too eager to get in. Wait....

Last couple of months have been bullish all over the globe whether is crypto, forex or commodity market. A sharp correction is expected in the near future. Bitcoin may see a drop but it still looks to be a great long term investment.

Finally
No more triangles
😂

Just about everyone I've been watching have been saying that it will go down to around $8000 before a true recovery.

We shall see!

Thank you.

I am waiting to see it hit $8,000 and then it’s showtime for me. Thanks for this!

Very good analysis

BTC.jpg

The price is "playing around 10500 usd", lots of support there.
But if this will be broken.... we can see BTC touching 9k again probably.

Thank you so much

Larger time frames. 8K is the level

looks like it's a breakdown unfortunately.. waiting to see some level of support for bitcoin again.

Can you just clarify one thing to me, S'il vous plaît Monsieur ? Your oranges lines are Trendlines , am I right? What is the name of the green line in your analyses? Merci Beaucoup Monsieur...

Really this is the going down triangle

Loved the analysis! If you wanna know why the price of Raiblocks is tanking so hard, feel free to check out my post as well! :)

https://steemit.com/bitgrail/@stevensteel/bitgrail-exchange-blocks-all-raiblocks-withdrawals-xrb-s-price-tanks-breaking-news