BTC - We will test soon the resistance line

in #bitcoin7 years ago

Hello all,

Two days ago, I was showing you this prediction :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

As you can see, we followed closely my prediction and we used the downtrend line (orange line) as a support line to help us. We are now going into the direction of the resistance line, the first line in red. So my objective was correct and we will have now to see how the market will react when we will touch that resistance line.

The touch on that resistance line can send us back again and starts a new drop or we will be able to break it and be back inside the trading canal. I won't advise you to trade the BTC before we see what will happen at that level because we can have a result very different.

I wish you massive profits and a Happy New-Year !
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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nice

I wish massive profits for you to. I am so excited what is in store for us all here in steemit.

When you read the news it looks like a bullish period has started again. I think upwards is more likely. HODL!

Well NewYear just ended & we have a very huge profit booking during christmas , so investors are back from holidays && now cash is going to flow in again ! so surely bull run by next week ...

All you "on-the-fencers" last notice to make up your mind. We will see $120,000 BTC before July 4th.

on what basis ?

Thanks for your work, time to make STEEM and Steemit more professional than ever ... things are going BIG TIME !!

Amazing how close the actual market movement is correlating to your prediction. Great job!

Lets Go!! Back to the Moon!

Time For Mars Buddy :P

Very good analysis. Will also try Bitfinex as you are recommending. thanks

Weeeeeeeee!! This Ride is more Fun than anything Disney Got!!!!!

interesting post..
sign to achieve in all parts of your post. this can add my insights and other steemit users ... I like ..
thank you for posting.

Btc is now definitely on a rise and the resistance line will be touched

Thank you for your post

BTC is raising very fast, Thanks for sharing :)

right sir. I'm holding 1 btc for my future savings. I think btc will hit 50k in next 2 years.

if you feel like then check my blog once and please do give your valuable feedback so that i can write better in upcoming days.

may be i reasteam your post sir

Good post! Your post on cryptocurrency is also technical and very interesting. Keep it up. I upvote you again @cryptopassion

Very good analysis. Look at my work and comment me if possible

Specially how 400% profit is made

Upvotes and resteem..thank yor for this post

Since I'm a swing trade who uses the cloud on the daily, we got strong 💪 support 💹🚀

It has been an amazing couple days for steem as we've not only tripled in price but moved up into the top 30 coins again. However, even with a 200% gain I was surprised that I was not overly excited like when some of my other holdings have done the same. It's probably because it takes 13 weeks to realize these gains and in 13 weeks the price is unlikely to resemble its current mark. Either way, great start to the New year, all the best in 2018

#Congrats

yeah ! & now steem is at 8.05 :)

Never invest more than what you can afford to lose
this what I am doing right now

But I do see what you are saying, it's one level of resistance image

this is very good that you share and can be a guide for bitcoin savers

very informative blog for all steemit users

Best off luck for trading

Looks like some pressure is building there. Hopefully it breaks north.

Hopefully, btc will break the resistance line and make everyone gets rich this year 😀

BTC is king.
@qami

I would say there are quite some people still on the fence to get in. Unfortunately a lot of exchanges have stop new clients and even more are waiting for their verification process to be accomplished. The moment those hurdles are taken, there is a lot of fresh new money from average investor coming into the market. And the Bitcoin is what they are going to purchase first, since it is the most "stable" and well-known crypto currency.

Good post! Your post on cryptocurrency is also technical and very interesting. Keep it up. I upvote you again.

So we need BTC to stay in the 16500 area for a while to make sure it broke the line and then it should hopefully shoot up again
if i understand this correctly, lol

This will be interesting to watch.😀

Thank you. I enjoy your posts less drama, just straight to the point.

This is some good information . We hope that it can pass that 1st line of resistance. BTC should be breaking all records in the next few years, if not sooner, according to some experts.

Next stop is around 30k and then back to 22k.

https://twitter.com/BlockchainWolf