BTC - Downtrend line broken ?

in bitcoin •  7 years ago 

Hello all,

We just broke the downtrend line on the BTC :

BTCUSD.jpg

For sure this break is not as powerfull as I like to see but we did it.
The coming hours will be important as we need to continue the UP and don't go back lower than this line.

If we can stay upper of this one, the next big objective will be to go touch the first line in red but I will update you at this moment.

I wish you massive profits !
Cryptopassion.io

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patience needed

Hoping it holds. All though even if uptrend fails I think down side would be short lived and reversal would be quick to move us back up ..

When btc broke 12k I knew it would go on a Run!

Nice Post! Your all posts are good fri
I Follow You.

Not going to put more money into BTC... i think it was a good proof-of-concept but the developers can't keep up with all the new users, they have been talking about lightning network for 2 years and i'm still waiting...

But hey good luck to all u bitcoin investors, i like ETH more

Good call @teutonium

It will touch the first red line for sure and It will surpass it again.
some kind of soul is back to the market after the last week crash,, we may see another all time high of BTC very soon.

  ·  7 years ago (edited)

It's staying choppily sideways and will possibly fall more... has been in a triangle and broke a bit but is falling back, crawling along the green line of the Gann fan, and now downwards again along the downtrend line - the same action I watched a few days ago before it fell straight down to the 9k low.
So I would say caution is a good idea, and yes I HOPE it will fall straight to 8k so the damn indecision will be over. Because lets be honest, that's what we've all been waiting for.
ETH doesn't look at all better. This is a risk-affine day trader's market.
btcgann.png

it is currently testing the heavy resistance ahead as shown, a break from that can begin a rally

Bitcoin is Moving in To Test Critical Resistance .png

what do you think

woah

thank you for this post 👍☺

Hy good

very informative post specially for new like me. Following, upvote and resteemed. @cryptopassion

Dont sell out of all your Altcoins though...remember they tend to rise and fall with Bitcoin. (unless you want to sell them to me that is :) ). Fingers cross for another crazy rodeo!!!

Click my post below to vote your favorite coin and why

https://steemit.com/crypto/@keepinitreal/what-crypto-are-you-holding-non-promotion-poll

I'm holding tight and taking a ride.

Thank you for sharing and the break down :)

not enough volume of sale. growth will be short-lived

Ini share yang menarik

I think at this point the technicals aren't sufficient enough to drive up the price as much as the alarming debt profiles of countries around the world whose citizens would be seeking for an alternative economy that has no ties to a central group. This is the fundamental we need.

hopefully, a new ATM bullish scenario would be extremely good for all

Buen analisis

Nice post dear thanks for sharing keep it up

Be rest assured that we will not go back down to that line - we will continue the upward trend. I foresee a flurry of activities that would further spike the system positively. How far we go is what i cannot here say.

I think the upward trend gonna continue because when the prices went down, more and more saw it an opportunity to invest in the Bitcoin. So that invested money is pumping the rates i would say.

I like your post ...
If you want to upvote my post too, it's not wrong if we help each other.

https://steemit.com/motivation/@mahyul/because-your-dreams-must-fight-bbae260bf5e97

Useful and informative post thank you dear friend @cryptopassion thank you shareing

                               RESTEEM DON E !!!!!!!!

Thank you for information @cryptopassion

No, BTC will go down again. Future contracts expiring at 9k on the 26th of Jan. Just wanted to share this information.
Hope I'm wrong..

Thanks for the analysis.

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  ·  7 years ago (edited)

Bitcoin is on the way up, make sure you get your position and buckle up!!! hehe

Nice post congratulations

Hahaha wonderful day my friend! and wonderful post!

please help me i ran out of SP and i can´t publish further post i will appreciated if you donate a minimal amount of SP or SBD to my account so i can keep posting, thank´s and have a nice day!