BTC - UPDATE - Resistance line broken - New high in progress

in bitcoin •  7 years ago  (edited)

Hello all,

As most of you know it now, we broke the resistance line that I was showing you this morning.

Here is the chart of this morning :
BTCUSD.jpg

And here the current chart :
BTCUSD.jpg

As you can see, we broke the line with a very nice volume which is a good sign for the coming hours. We are now doing new highs on new highs so it becomes difficult to know where it could stop. My analysis are showing that we could reach 5400$ without too much difficulties (short term) but I will update you as soon as I have more precise information.

Take care all and enjoy this new high,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to loose. 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 - MISE A JOUR - Ligne de résistance cassée - Nouveaux plus hauts en court

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so incredible right? ive been freaking out all morning when I hopped on trading view and saw it at 52! what interesting times we are living in!

Tbh I was expecting it when I saw we were not able to break the support line. But yeah this is a very good news for BTC owners.

It was hard for me to decide...I still want to hold my btc...I will keep an eye on your updates. Thanks for sharing!I will resteem and upvote this.

Yes it is always difficult to decide and the problem is that when we do new highs, we don't have any reference anymore about the past so the predictions become more difficult.

What I can suggest you if you are hesitating is to do sell laddering :
You sell :

  • 20% now
  • 20% at 5300$
  • 20% at 5400$
  • 20% at 5500$
  • 20% at 6000$

Like this if this continues to make new highs, you won't regret too much.
Take care.

first 6000-7000 before the HF...than a little pullback before we go to 10000...

Hehe even it looks still incredible now.... it is really possible. Take care.

wow this could reach 5400 this week?
no signs of going down? hard?
I need some chart analysis.
following...

I think we could touch the 5400 in the coming days but that needs to be confirmed.

We should have a little correction soon, no worry, it always does that and it won't stop us to have a new up after. But if you see at one moment we break again the support line (4988$), it could be a change of trend.

Classc goal to 5,000 dollars per BTC and a huge volume of people will take profit.

  ·  7 years ago (edited)

have fun to who have 200 btc .. hehehe

Thank you for post good post👍👍
Upvoted for you ...please check my posts…👍👍👍

hodl!

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Thank you for your updates. It made me keep my long ( from 4200 ) and not close it at 4800. I closed it today at 5100, 5150 and 5200 :-)

It's got a ton of momentum right now. Do we see $6k before the fork???

What a great up move?
It has to form double bottom before going for the next up move before end of this year. I thing it will rock by end of this year.