BTC - Correction in progress on our support line at 8950$

in bitcoin •  7 years ago  (edited)

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

As you can see, we almost touched my objective line at 9850$ (violet line) and we are now correcting. This correction was expected and I was even thinking that it would have come earlier so no panic !

Till now our support line at 8950$ is doing well her job and is even creating a little bounce. We need to see now the coming hours. If this support line can hold the drop, we will for sure go test again very quickly the violet resistance line at 9850$ and let's hope we will be able this time to break it to go back to the 10k levels.

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.

BARRE STEEMIT.jpg

You would like exchange your cryptos with the lowest fee possible ?
With my daily exchanges of cryptos, I can recommend you the platform Binance

BARRE STEEMIT.jpg

CryptoPassion-Bannière.jpg

BARRE STEEMIT.jpg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Currently sitting quite a bit lower at $8743. No sign of a reversal yet.

You have a good blog, I followed you. I hope that you follow me, let's develop Steemit together and develop even…

It's dropped back down because longs were closed. If new longs open, we should see another bounce back up.

I'm sure btc will go back to 10k!

Maybe that will creat a double top, increase the resistence there, and finaly create pressure for it to go to 6k and pick up some volume to creat a real BULL trend ;)

I think 15k is possible soon!

moon soon.

Wow now i'm impressed. Good work!

Hi cryptopassion,

Wow, BTC pulled back so precisely down to the below support.

Let us see if BTC can break the above next resistance $9850 by next Monday.

Keep up the good work and nice post!

This is a very good review for very dramatic day , let hope we will break the resting line i think it's the Asian market that we will active in the next few hours to set it

Hope so. Nice post

Support line seems to be strong enough this time.

I am positive the support line can hold the drop, you will definitely reach your goal, trust me.

Anyways thanks for the information it was indeed helpful, see u at the top!

WE win all the BIT coins today!

Do you think that bitcoin will reach 20 k again??

Do you think that bitcoin will reach 20 k again??

Bitcoin has been acting like an OTC stock since last summer. Expect a lot of ups and downs, pumps and dumps but ultimately, adoption and third party improvements could push this into a whole new realm into a whole new industry.

This is a healthy correction, it seems to be holding well at the 9k mark. It should be less of a panic these days, hopefully all the new people have realized the strength of #bitcoin. It will fall but it's definitely going to come back up.

Good news everywhere in the cryptosphere. The bulls are finally back. Now, it'll be nearly impossible for any predictions to go wrong. The TA and FA experts seems to be getting it all right these few days. And the caveat is always there at the last sentence. May the best hands win.

Everyone is looking at bitcoin here and I would be looking at other alts. Coins that are making ATH or breaking well above the lows such as EOS, BAT and STEEM itself

You just received a Tier 0 upvote! Looking for bigger rewards? Click here and learn how to get them or visit us on Discord

10k in May.