BTC - Consolidation - The correction should continue

in bitcoin •  7 years ago  (edited)

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

We are currently consolidating after the drop of yesterday. However I think we will continue the drop soon to reach the support line around 7300-7350$. A touch on the resistance line around 8500$ is not impossible but it should send us directly in direction of the support line.

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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Ive sold 50% of my holdings looking forward to getting back in cheap :)))

Thank you for another nice analysis. I believe the time would come for a big high jump in BTC. I believe crypto is unbeatable.

Very informative @cryptopassion, i wasn't even aware of this bitfinex for trading.

Seeing a nice bottom as well, waiting for price to head towards $9k!

Okey, are you can when tranding be fine

Good analysis. I think, BTC price may increase in June-July .

Greetings from Venezuela. I am looking for users with a high vote value so that my vote will be able to grow like you in this community. I would appreciate it from my heart

Would you think that current crash is related in any way to Mt Gox and Bitcoin futures?

It seem that those 2 are main reasons why entire market is dropping.