BTC - Down Trend line tested as a support line

in bitcoin •  7 years ago 

Hello all,

We are still upper than our Down Trend line but we are currently testing it :

BTCUSD.jpg

If we want keep a bull trend, it is important that we don't break that line which is now a support line. If we break it, we will go test quickly the previous LOW around 9500$. if we can stay upper than this line, we will for sure try soon to test the previous TOP around 12800$. Let's see what the market will decide about that line.

I wish you massive profits,
Cryptopassion.io

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Just HODL! It will be back up soon!

Thankyou forgives me this information. I appreciate your hard work

Thanks for the analyse.
After the chinese new year the market will go normaly as it do every year.

This thanx full post

@cryptopassion apparently today around 5pm I think there are futures contracts expiring so we will soon see the extent of all the market manipulation from the 1%! Because there are no regulation its a bit like the wild west right now!
Time will tell, by monday we should see more of a correction I hope!

If you take a look at this period in 2014 2015 2016.... you will see that the market go down in christmass and at the chinese new year.
Easy to predict the bad mood in future

Yes your totally right its a predictable trend!

hold it as its not stable these days

This post gives new knowledge to me and everyone

I wouldnt seell BTC now.. just Hold, like tomnelson said. It will be better soon!

this person hard working and publish informative crypto news

I think it might go lower, just to make sure that when it comes up it will be huge :D

Thanks for the information, I will first learn about trading through this site, I hope it can be profitable 😉

I believe we will see $6,000 as there really is no support until then. All bubbles burst and normally retrace 100% of more. BTC is no different.