BTC - 2 major resistance lines broken - Objective 9750$

in bitcoin •  7 years ago 

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

So yesterday I was asking that : "Up Up Bitcoin, we can do it ;)"
Thank you to the god of crypto for the answer hehe...

More seriously, the downtrend line and the important resistance line in green are now both broken. I'm expecting very soon a little correction in direction of our support line in green but we should use it to continue the bounce. My next objective is the previous top at 9750$. Let' see how many time we will take before reaching that level but in all the case, the bounce is now confirmed.

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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I'm not that bullish on BTC yet.

We're still not out of the dangerous area:

  • This high is still lower tham the previous high
  • The price hasn't broke the 200d MA
  • Other indicators (sech as the MACD and the Directional system) are still bearish (even though less than previously, I admit it)
  • Many people are going to take some profits now

If we, by the end of the week, reduce this list to at least to points, I'm pretty sure we might just have a possible 11.5k situation in our hands.

Massive profits to you to and remember: you can make money in both directions!

With your opinion@retaliator; the analisis made for cryptopassion is real optimist from now on; I think will will need short time.
Waiting all together get profit.

I think - that we will be more bullish on 4.5-5k USD area - and now we may see - pump and dump scheme on BTC. (wedge)

Some altcoins react - nice on some technical lvl. So this give me tip - and dip and alts - would be soon.

Nice post

Let's hope it will keep the momentum!

Let's fly!

Let's hope that resistance line becomes new support. I couldn't help but stock up on Bitcoin over the past two days. The bullish sentiment is coming back! Lambos for everyone!!!!!11

That's a really good article. I'd like to make a recommendation.

nice post, I think this is just the start of Bitcoin that will bring other Altcoins to the top

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So the crypto sale... I mean the dip is now officially over? That's definitely good news for us HODLer. I hope it's a good bounce and give us atleast a $5 STEEM or higher. Either way I look forward to a bullish end for March and definitely a bullish April. Thanks for the update.

Good post

  ·  7 years ago Reveal Comment